We often get asked – is there a best time to buy gold?
The short answer is… that depends.
Like any investment asset there are a number of variables that impact decision making at purchase time. You may consider the present and predicted economic conditions, recent and historic price trends, current supply, personal budget, and global political conditions before buying, and that’s just a few factors to consider.
While we may not know what the future holds, history tells us that gold has steadily risen in price since measurement began. It’s been a safe bet for decades, and for this reason it commonly forms part of a balanced investment portfolio for all levels of investors.
So, is there a best time to buy? Well that depends on you and your situation. There is, however, a common saying we love coming back to.
“It’s better to buy gold and wait, than wait to buy gold.”
