To be honest the price of gold is based on the perception of the health of the global economy. When it appears that economy is in shambles, we see prices of gold sky rocketing as people flee to safer heavens. Gold is worldwide used as a hedging instrument/. You can check our daily free gold tips here.
- During 1974-1982, it went up nearly 300% and fell like nine pins in a year.
- Year 2008 crash is also witness to same phenomenon.
Correct Procedure for Investment in Gold
One should use a systematic approach to investment in gold by virtue of which one can invest a fixed amount every month in gold. This will help you to get best returns by virtue of investment in gold.