Gold investment is a popular choice among many people looking to invest. Gold is considered a stable asset that can provide diversification to a person’s investment portfolio.
There are several reasons why you should consider investing in gold before May 2024.
First, the price of gold has reached its highest level in the past 11 years. This indicates that the price of gold has significantly increased and many experts predict that the price of gold will continue to rise. Even the possibility of its price being out of reach in the last few weeks, gold has gained many record high prices. Since the beginning of March 2024, the price of gold has reached US$2,160 per ounce, up to US$2,259.29 per ounce on 1 April. Based on price-emas.org, the gold price update on Tuesday (22/4/2024) at 17:15 WIB, the gold price is recorded at US$2.298,80 per ounce.
Although no one knows about the price of gold, many experts predict that the price of gold will continue to rise. If the prediction is correct and could happen before May 1, 2024, the price of gold is beyond the reach of investors. Therefore, investors are advised to buy gold immediately before it happens. Even if you start investing in gold now, you may have a rare opportunity to buy and sell gold at a quick profit. However, it is advisable not to wait too long.
Second, gold is also considered a safe asset from inflation. In high inflation conditions like now, gold can help protect your investment value from declining purchasing power. After reports in February and March 2024 showed that the gold price rose. Until now, inflation is still very high, some Federal Reserve (The Fed) officials are also considering whether to lower interest rates until the end of 2024. Thus, investors will benefit from including gold in their portfolios.
By adding gold to your investment in limited amounts, namely 10% or less, you will benefit if inflation continues to rise.
Third, with the current high global and political turmoil, gold is considered a safe haven. In this situation of uncertainty, having gold in your investment portfolio can help offset the potential losses from stocks and bonds.
Global and Political Turmoil such as wars in the Middle East, Europe, and the upcoming presidential election in the United States (US), the possibility of turmoil and uncertainty will continue throughout the year. With these tensions, investors will benefit by adding safer and less volatile assets to their portfolios to offset the decline in stocks and bonds. Gold investment is the right choice at this time.
So, consider investing in gold before May 2024 to take advantage of the potential price increases and protect your investment value from inflation and global uncertainty.
However, what you need to remember is in investing, it is important to always do thorough research and consider your investment goals and risk tolerance. While gold investment can be an attractive choice, you also need to consider other investments that suit your needs and financial situation.
Also, make sure to always follow market developments and adapt your investment strategy to changes in economic and political conditions. By understanding the risks and diversifying your investment portfolio, you can optimize the potential for profit and reduce the risk of loss in the long term. (*)
