Yes, gold will continue to rise as forecast by the most astute investment strategists but like any investment it will also have its price fluctuations – peaks and valleys, typically following the transitional path so it must be a watched investment. It will always fluctuate as the world interprets the recovery of various countries’ economic progress from covid-19. In essence, proceed with caution even though gold has historically always been a solid investment, rising consistently over the long-term in value from the old gold-rush days back in the 1800’s.
Remember when gold was $30 an ounce, then $100 and eventually breaking the $1,000 per ounce barrier. All thought it was over-priced and a highly speculative buy.
Well, look at what happened, now $1,800 and with the belief that it will go higher. If one would have had the astuteness and flexibility plus liquidity to invest then as the savvy portfolio managers did for safe-haven insurance, not only were the portfolios protected but the asset rose hansomely.
Well, it is not too late, as we may easily see it in the $2,000-3,000 range and then, the saying will be: Why didn’t I invest then, just like it was at $1,000 not too long ago…
Gold and the Stock Market are Moving North
Bruce Willard Barren on LinkedIn • 4 min read
By Paul Ebeling on July 10, 2020