As monetary policies continue to be a point of uncertainty for the government and gold bulls alike, many investors are set to start returning to gold to protect their wealth.
The precious metal has continually proven itself to be a safe bet among growing inflation pressures and shifting monetary policies. Act fast and don’t miss your opportunity to buy gold while prices are favourable.
The Federal Reserve is starting it’s two-day meeting to discuss upcoming monetary policy changes where they are expected to reduce monthly bond purchases. While they discuss these changes, gold bulls are rushing to up their bullish bets.
Gold is in an optimal position at the moment, reaping the benefits of higher inflation and a lower U.S dollar, with a current value of $1,800 an ounce. It’s only a matter of time before other investors become attracted to the low price and potential for big gains. Now is the best time to buy gold while prices are low.
As Robert Minter, director of investment strategy at abrdn has said in a recent interview, “Until the government finds a way to get rid of its $28 trillion in debt and the $8 trillion on the Fed’s balance sheet, we are not sellers of gold”. This is a sentiment mirrored in many large investment firms, as more investors buy and hold the previous metal, now is the time to invest.
With gold looking stronger by the day right now, don’t miss your opportunity to buy.