Is it too late to invest in gold?
Simon Popple from Brookville Capital talks about where gold is, in context of prior price action, and suggests more side to come.
A beginner's guide to investing in gold looks at timing the markets and the current dynamics affecting the price.
(AI Video Summary)
Ways to invest in gold
This week, the Federal Reserve made an announcement about interest rates. Basically, they're planning to lower interest rates three times this year. This news caused the value of the US dollar to go down and the price of gold to go up. Gold has always been seen as a safe place to put your money, especially when things are uncertain. Even central banks view gold as a valuable asset.
There are a few different ways to invest in gold. You can buy physical gold, like gold bars or coins. Another option is to invest in gold ETFs or funds. These are like stocks, but instead of owning a piece of a company, you're owning a piece of gold. The last way to invest in gold is by buying shares of gold mining companies.
Insight from Simon Popple
My guest, Simon Popple from Brookville Capital, thinks it's still a good time to invest in gold. He compares the current market to one in the late 70s and early 80s, where gold prices were really high. He thinks that in our current economy, where we're always in debt, gold is important to have. He believes that debt levels will keep going up and that gold prices will keep going up too. It's worth mentioning that although gold is mostly priced in US dollars, it can also be priced in other currencies. So, if something bad happens to the US dollar, you can convert your gold into a different currency to avoid losing money.
Popple also talks about how the price of gold is related to property prices. Basically, when property prices go down, the price of gold goes up. So if you own property, it might be a good idea to think about investing in gold too. He's reminds us to go to the Brookville Capital website for free newsletters and reports that can help us with our gold investment journey.
In conclusion, Popple thinks gold is really important right now because there's a lot of uncertainty in the economy. It's a good way to protect your money from inflation and other risks.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Speculate on commodities
Trade commodity futures, as well as 27 commodity markets with no fixed expiries.
- Wide range of popular and niche metals, energies and softs
- Spreads from 0.3 pts on Spot Gold, 2 pts on Spot Silver and 2.8 pts on Oil
- View continuous charting, backdated for up to five years
Live prices on most popular markets
- Forex
- Shares
- Indices
