Thanks to various advancements in the financial world, each of its sub-sectors have become quite diverse in its offerings. If you have additional funds, then you also have an array of options to enjoy in terms of saving and investment opportunities.
While saving your funds is pretty straightforward, it’s the investment part that often seems daunting to most people. After all, a variety of options to invest in also means a plethora of questions to think about. From yields to liquidity, you have a lot of things to consider before you allocate your hard earned money towards something.
And no matter the funding model, the one thing that seems to be on every investor’s mind is the profit that they make off of each investment. That is why return on investment (ROI) is the one factor which decides the success of such decisions.
Keeping this in mind, most new and even professional investors are currently turning towards investment options in gold, such as those available from Goldstackers Australia.
Is 2019 the Year of Gold? Yes, It Very Much Is
Thanks to its record high in months that it hit in January 2019, gold started to gain the attention of ultra-rich and aspiring investors alike. From financially strong Baby Boomers to investment savvy Millennials, everyone seemed keen on boarding the growth train of the precious metal. And it wasn’t long before some touted it to be the “Year of Gold”, which according to recent events, is actually turning out to be true.
Fast forward to mid-2019, where gold is currently trading at a nearly six-year high. This rise in value has come in the midst of the U.S. Federal Reserve’s consideration for rate cuts. That’s a development which is to benefit gold’s value further. And which is to drive the ROI for investors to greater levels.
Gold is one of the Most Valued Assets in the Global Trade War
According to experts, the U.S. Fed and other central banks around the world are considering rate cuts in the face of a “global trade war”. That opens up a new chapter in relation to other investment models, affecting their value in a number of ways. But gold is an asset that they could not really influence that way.
The precious metal is not directly tied to the rates that are charged on reserved loans, which is what influences pricing among other assets. This is why it remains as perhaps the only asset class that is free of being devalued due to this development.
As a result, those harbouring an interest in gold at the start of the year are only doubling down on their actions now. The investments in gold and related assets are likely to increase, opening doors for many to safeguard and potentially increase their wealth.
Gold as a Haven
The aforementioned developments and promises of ROI are causing gold to become one of the most lucrative investment models of the year. The recent developments have only confirmed the precious metal’s effectiveness in anyone’s overall portfolio. That is why it is likelier for gold to stay on the investment radar of many for perhaps the rest of the year.
Given that the precious metal is proving to be quite a beneficial investment, this could be a great time for allocating your funds towards it. But before you do so, make sure to weigh the pros and cons of holding an investment in this highly liquid asset. Practice safe investment practices, and move towards investing in gold only if it seems beneficial to you.