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Please use the form below to ask investment related questions.
Your question will be answered in the form of a new article on InvestingIn.Org without any private data from your question.
Is it right time to enter online gold trading and start buying position?
INVESTINGin.org’s Answer:
No, we believe it is exactly a good time to exit the long gold positions due to following:
- several countries are considering plans to unwind their liquidity/credit stimulus
- inflation fears had a lot of time to be already priced in the current gold value
- worst times appear to be over, so gold demand as a safety haven is no more strong
- there are other commodities/asset classes which have underperformed gold during the past few quarters and are likely to attract now more investment demand than gold.
- gold as an investment class gained too much attention recently – this is usually signaling a point of reversal