Gold prices
Should I still buy gold now?
In uncertain times, many savers look for safe investments. Gold can help – but only to a certain extent. And it doesn’t always have to be physical gold.
Gold is currently very popular not only among private investors, but also in currency huts from central banks worldwide. That drives the price. A troy ounce (31 grams) is currently being traded for $ 3309 or 2908 euros. So gold is very expensive in a historical comparison. Too expensive?
Not necessarily. Because buying gold is less about achieving short -term price gains. The focus is on protecting your own assets. Gold can, for example in combination with a stock porter, have a stabilizing effect if the markets are volatile or there is a stock market crash.
Attention: don’t buy too much gold
Investors can do similar to many central bankers: buy gold to decouple a piece from the chaotic time. In addition, the purchases of the central banks support the gold price. Analysts such as John Reade, chief market strategist of the industry association “World Gold Council”, assume further price gains “if the geopolitical situation remains so unpredictable”.
Bars from half a gram or coins such as the Krugerrand are available from gold dealers such as Degussa or Ophirum. Anyone who goes in their branches should beforehand on the website of the providers how high the fees that the dealers are open. A good alternative to physical precious metal is because with real gold stored in a Frankfurt safe, Xetra gold (securities identification number: DE000A0S9GB0). A rule of thumb is: Never invest more than five to ten percent of total assets in gold.
This text was released at the beginning of April, we updated it.
Source: Stern
