It is important to note that there is no one answer that applies universally to the question of where and when to buy gold. Each individual's financial goals, risk tolerance, and investment portfolio should be taken into consideration when making this decision.
Gold is largely influenced by macroeconomic factors, with prices determined by institutional investors and the global "paper" market e.g. COMEX and ETFs. Institutional money moves the market and all retail can do is to try to ride a trend or hold for the long term. Institutional money often has a different mandate to retail and is more likely to respond to interest rates and pursue a yield. Therefore, it is most beneficial to position oneself before significant market moves occur, the adage of buy low sell high is an appropriate mention here. However, attempting to predict the exact bottom of the market can be risky. Instead, it may be advisable to look for good entry points and be patient and buy when no one is interested and mainstream media has turned the other way.
When it comes to purchasing physical gold, it is important to find a trustworthy and reputable dealer. Some factors to consider when evaluating potential dealers include:
In addition to physical gold, investors also have the option to purchase gold through financial instruments such as ETFs, gold mining stocks, and derivatives. These options can be accessed through online trading platforms and commercial bank trading desks. As with any investment, it is important to carefully research and consider the benefits and risks of each option before making a decision. It may be beneficial to seek the advice of a financial advisor or conduct thorough research before proceeding.
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