The Best Time to Buy Gold
Capitalism is a worthwhile hobby to understand. With a constant presence and interest, the purchase of precious metals fluctuates with the stock market. While investments such as gold and silver hold perennial value, a common question that arises regards around when is the best time to buy gold. As anybody experienced with stocks can tell you, certain times of year are better to invest than others. By looking at the history of the gold industry and current stock market patterns, professionals can predict when the optimum buying times are.
What History Tells Us
In the United States, only a few sources were able to investigate the gold market. Between the years 1933 to 1974 buying gold bullion in the United States required an exclusive license. Of course, this license was extremely difficult to obtain. It was not until January 1st, 1975, that all restrictions on the purchase of gold in the marketplace were lifted. Since the lift of many restrictions, tracking the fluctuations in gold has become a much simpler task. Records have revealed that no two consecutive years have the same low in the gold market. Luckily, gold does not have the same volatility in the market as silver. So, general patterns of highs and lows on an annual basis remain consistent.
During a given year, certain times are better to buy than others. This is supported by the historical fluctuations previously mentioned. It appears that gold is most likely to drop in value during March. This makes it the best month of the year to buy gold. That being said, 2019 showed otherwise. Recent trade matters have pushed the purchase price of gold to some of the highest levels. Other evidence indicates that January has proven a reliable time to invest.
While everybody wants to make the most of their investments, it is always best to stay current on market trends. If you are skilled in the stock market, this is an excellent predictor of when the ideal time to buy gold may be. Perhaps you are a novice, and that is okay! The professionals at Boston Bullion are there to help. Offering the current trends on gold, silver, platinum, and palladium, you can expect honest answers. To buy gold, contact Boston Bullion today to schedule your appointment (781) 710-8419.