Is the gold price on the rise to a new high or will the Corona Virus stop the rise?

February 29 01:49 2020
Is the gold price on the rise to a new high or will the Corona Virus stop the rise?

gold
For many, the rule of thumb clearly applies: real value beats monetary value. Owning real estate, precious metals and stocks is better than parking the money in saving accounts or with life insurance.

How can investors save their money?

For many, the rule of thumb clearly applies: real value beats monetary value. Owning real estate, precious metals and stocks is better than parking the money in saving accounts or with life insurance.

But it is important to note that the investment is not risk-free and that you have to understand something about the matter. You have to deal with the topic.

Precious metals are a good addition to any portfolio quotes Johannes G, the owner of Goldankauf Berlin. Gold was not too expensive in my eyes, even at $ 1800 a troy ounce. We are now around $ 1,350. If you don’t have gold yet: Now is a good time to start.

Your Bank will not be happy about that, they would rather invest your money for you, but they can all deliver gold. But please don’t see gold as your sole investment. Invest five percent, maybe ten percent of your assets. But not everything please.

Gold price doesn’t really want to rise?

While the stock markets continue to fall because oft he Corona Virus, the gold price has not risen since  It failed several times to climb significantly above the $ 1,650 mark and to rise sharply, so to speak as a counterpart to the “uncertain stocks”.

Because in times of uncertainty, the risk-off trade often and happily sets in, where investors flee from unsafe investments in supposedly “safe havens” like gold.

This week the sharp drop in the gold price was reported, which stifled the euphoria for gold traders. Accordingly, large gamblers, who were possibly heavily invested in shares in credit, had to compensate for losses there with profits from the gold market.

To do this, of course, they had to sell gold in order to offer their brokers additional collateral to maintain long positions in stocks.

Nobody can predict the future of gold because oft he Corona Virus thats the opinion of Johannes G. the owner of https://hauptstadtgold.de/

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Company Name: Hauptstadtgold.de
Contact Person: Juwelier Goz
Email: Send Email
Phone: +49 30 72 01 38 31
City: Berlin
Country: Germany
Website: https://hauptstadtgold.de/

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