Invest in Gold?

Why right now could be a ‘golden time’ to invest

Another month, another statement showing your savings aren’t earning much interest. Maybe it’s time you thought about investing your money in something solid?

When recessions hit, the one reliable asset has always been gold – and in recent months, it’s outperformed almost every other form of investment.

But if you want to jump on the golden bandwagon, where do you start and how safe is it?

Why invest in gold?

It’s not just pirates who want to get their hands on gold coins these days. As stocks and property prices plummet, demand for the precious metal has rocketed.

The price of gold has been on the up since 2001, spiking at more than $1000 an ounce in March 2008. At the time of publishing, the gold price was $925.15 per ounce (£610.86)*.

The price of gold has been on the up for several years. In 2001, the gold price went as low as $255 per ounce. But the price spiked at more than $1000 an ounce in March 2008. At the time of writing, the gold price was $925.15 per ounce (£610.86)*.

Gold has been the traditional bell weather for investors over the centuries, particularly in times of economic stress. As governments around the world are spending more to prop up their economies, many people worry about inflation and whether the pound or the dollar will keep their value. If you can’t rely on paper money, the logic goes, rely on metal.

It’s also relatively easy to buy and sell and has a high unit value, which means a small amount is worth a lot! But it’s definitely not a short-term investment and remember, valuations can go down as well as up!