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What is the gold price What is appropriate to buy and what are the appropriate gold prices when selling ?, How do I buy gold and should I buy a coated gold bar or an ounce of raw material ?, And what are the ways to invest in gold?
All these questions occupy the thinking of many enthusiasts to invest or save in a metal gold.
When to buy gold and what is the best time to buy gold Generally, the answer is at any time and any time you can buy gold whenever you have the funds.
But the question is … Do you want to buy gold for the purpose of saving or investment?
If you want to buy gold for the purpose of saving or investing .. This means that you will buy an ounce of gold and it will remain stored in the home or bank for a period of six months, a year or two years, and when the price of gold rises, you can make the sale.
You buy gold when you hear that the price of gold is going down, and where do I hear that the price of gold has decreased, the answer is when you hear that gold has fallen in breaking news, newsletters, or economic bulletins, and there is an application for the phone called XE, and you will find gold prices on it instantaneously but in US dollars, and you will hear The negative pressure sentence continues and the opportunity to buy gold bars.
For example, when you find that gold is at $ 1,800, this is the price of an ounce that weighs 31, 10 grams and 24 carats, and there is no significant difference between the nationality of the ounce, whether it is Swiss, Colombian or Emirati, so gold remains always the prince of minerals, no matter how melted, formed or changed Its features.
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How do I buy gold?
When you buy gold, let it be in parts, meaning that you buy part of the money from today’s price and wait for the price to change. If the price drops further, then buy again, and so on if the price also increases.
Do I buy a coated ingot or do I buy a raw gold bar?
Before a pandemic Corona We would have preferred Dahab But after Corona and the current conditions in which we live and the large number of fraud, fraud, money laundering and terrorist financing, we prefer encapsulated gold bullion. It is safe for you for several reasons, the most important of which is that it is encapsulated and will remain clean and sealed by the competent authorities. The case can be sold anywhere and in any currency.
Ways to invest in gold
First: Forex trading, meaning you can trade through the spot gold exchange.
Second: Buying gold bars and storing or keeping them in the home or bank.
Third: Investment funds supported by gold and there are many gold-backed funds, including Arab and international, the largest fund in the world is SPDR Gold Trust Shares and its abbreviation is GLD, and if you are unable to cope with buying a complete fund, then you can buy a share or share in the fund according to your financial ability .
But why is there a fluctuation in the price of gold and its decline these days? The answer is the rise in US Treasury bonds and the final exit of “Warren Buffett” from the gold market. The general public also accepts the vaccines available to limit the spread Corona pandemic In the world, all of these reasons are enough to strengthen the dollar against a basket of other currencies.
