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are planning on investing in gold

in General Fri Nov 01, 2019 8:58 am
by acdbke | 151 Posts

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When you expect the above three pointers from the tax accountant, you will be able to find the one that will do well for your company. Do not rush or jump on choosing the accountant. Take your time to browse through the profile and decide if the accountant is worth hiring or not. Also, if you find the accountant to be doing good Andreas Athanasiou Red Wings Jersey , you can sign a contract and have him onboard for a longer time.
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More and more, gold and silver are starting to be talked about as viable investment options. Interest in the precious metals is soaring, especially as silver prices approach their record highs Jonathan Ericsson Red Wings Jersey , and gold is being seen as a good hedge against inflation. However, if you have not yet dipped your toes in the precious metals lake, you may be wondering “is it too late to invest in gold?” Today we will be addressing this concern and seeing whether the golden train has already left the terminal, or whether there is still time to jump aboard.


Undeniably, gold and silver prices have been on a rampage over the last few years Darren Helm Red Wings Jersey , and they are still performing well today. The biggest concern if you have not yet got into holding precious metals is whether they are about to come crashing back down to earth. Bubbles happen in commodity prices all the time- you need look no further back than 2008, when oil prices went to the moon, then crashed spectacularly. Nothing would be more disappointing for a first time investor in gold and silver than seeing your investment wiped out by the vagaries of the precious metals market. These two metals, by their very nature, are prone to “mood swings”.


Whether it is too late or not to invest in gold and silver depends a lot on how you plan on investing. If you want to “trade” and make a quick profit then you could be trying to enter the market at slightly the wrong time. A moderate correction or snapback would not be unexpected in the near future Luke Glendening Red Wings Jersey , especially as the US government, the Federal Reserve, and big financial institutions seem to be pulling out all the stops to push the price of gold back down. All must be kept under wraps to ensure the “sheeple” don’t start to caution the real reason why food, petrol, utilities etc keep going up in price.


However Henrik Zetterberg Red Wings Jersey , if you are planning on holding gold, especially in physical form, as a hedge against inflation then now is still a good time to get in. If you do believe that a hyper inflationary crisis beckons (and historical precedent would tend to agree with this viewpoint) then gold at $1500 is still good buying- you could wake up one morning and find it is $15 million an ounce, and than all your fiat “funny money” is as worthless as the promises of the politicians who issue it. Waiting for a correction or snapback is slightly dangerous game when you are playing to hold your gold, as you may wind up waiting and waiting and never actually doing any investing. Then Anthony Mantha Red Wings Jersey , when the inflationary fire really starts roaring, you will probably already be too late.


So to recap- if you are planning on investing in gold and silver to turn a profit, it may be too late at present. Waiting for a pullback that could likely happen is a more intelligent move. However, if you are investing for a store of wealth and a hedge against inflation (which is what we would advise) it is not too late for gold.


One final word of wisdom; when you hear your taxi driver talking about precious metals, you know it is time to run for the hills.


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