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.
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