Investing In Gold 2017

Gold is respected throughout the world for its value and rich history which has been interwoven into cultures for thousands of years.

Investing in gold 2017.

Buying gold is a popular. Apr 24 2017 at 9 38am. Gold may have ended 2016 on a negative note but the yellow metal is now up 7 since january. Find out whether gold can live up to the hype.

Note how tight the bollinger bands are on this weekly chart signaling that a big move is. My first chart is a 2 year weekly that shows how gold has spent much of 2017 consolidating. Coins containing gold appeared around 800 b c and the first. Investing in gold whether the physical metal or gold related securities is a complicated decision and not one to enter lightly.

If you are purchasing gold for your retirement account you must use a broker to buy and a custodian to hold your gold. Economy is firing on all cylinders heading into 2018 but investors are still less than a decade removed from one of the most horrific market crashes in history. A big contributor to its rise is the large inflows into gold exchange traded fund s gold etfs. 2016 was a strange year for gold in the first half of the year a massive bull run brought the price of an ounce near 1 400.

Gold s appeal dates back thousands of years and investors now have several different options when it comes to investing in the royal metal. Soaring more than 30 through 2017 these five companies b2g franco nevada gold fields iamgold and kinross gold all exceeded the 12 rise in the price of gold in 2017. If you do decide to purchase physical gold make certain you are buying from a reputable dealer. The final reason investing in gold simply isn t a wise idea is its extreme inefficiency.

The problem with directly investing in gold is that the metal doesn t produce any income.