If you’re looking for a new investment this year, now might be the perfect time to think about investing in gold and silver. Market experts are adamant that the prices of both gold and silver will rise sharply before the year is out, leading to massive profit potential for investors. However, that’s not the only reason why you should be interested in this type of investment.
Investing in gold and silver provides security for investors. The reasons for this are simple. Gold and silver are investments that you can touch and hold in your hand, and as such, there is no way that a technical error or banking mistake could take them away from you. This is one of the reasons why investors often describe precious metals as the one true form of currency. You will often see financial experts buy into gold and silver when they expect the economy to take a turn for the worst. Expert investors are keen to make sure that when the economy does fail, they have a source of capital that they can depend on.
The Right Price
The price is currently right to invest in gold and silver. It’s lower than it should be and you can get fantastic deals on investment bundles or even single bars if you purchase somewhere like Bullion For Less. Right now you will spend a lot less than the gold or silver that you’re buying is actually worth, so with the expected rise in prices on the horizon, your potential for profit is absolutely massive. Gold prices are expected to rise to $1,260 troy ounce by the time the year is out.
A Loss of Faith
The general rule is that gold and silver do well on the market when other investments are doing poorly. Or, when people lose their faith in the banks. This could start to happen again as early as next year with Forbes predicting that various economic downturns could lead to a global recession before the end of 2018. While that might sound rather bleak, it will make gold and silver investments made this year incredibly valuable.
To stay rich in the modern market or make a lot of money you have to look to economies with huge growth rates. In 2017 that means India and China, both of which are showing an increased interest in gold and other precious metals. Demand for gold rose in China by 32 percent several years ago. Meanwhile, India saw a 13 percent rise in demand for the precious metals. Since gold can be sold and traded globally, there is nothing stopping new investors capitalising on this growing demand.
You Can Decide How You Buy
With fresh investment options on the market, you can now decide how you buy gold and silver and what type of investment you want. You can even store your gold and silver bullion and coins with specialist companies such as Cardiff Safe Deposit who offer state of the art safe deposit facilities. This means that you will not need to worry about the risk of storing it in your home.
As such, there has never been a better time to invest in gold and silver. At Bullion For Less you will find friendly and helpful staff who will be happy to guide you through the process of investing in silver and gold so either give us a ring or pop into our offices for some advice!