Understanding Gold And Silver as An Investment

Here is something off topic for our website…

Have you ever considered investing in precious metals before?

Now why have we decided to write about this? Some of our writers and readers are based in the USA and have some form of an retirement savings account. We simply want to get the word out, that there are better alternatives out there, that protect your retirement savings better than traditional investments. What were are implying to is an precious metals IRA or simply a gold IRA. Now why is that?

Gold has been around for thousands of years and has always kept its value, while currencies failed over and over again. It is considered a “safe haven” for a lot of investors as well as ordinary people.
In recent years, many US residents decided to form some sort of IRA (individual retirement account) by transferring their funds from a 401k to a gold IRA.

Why is gold and silver the preferred choice for many? After a financial crash happens, gold&silver prices skyrocket. The price is negatively correlated to fiat currency.
In the US, there are a lot of companies that offer gold IRA rollover services, but we strongly suggest you do your due diligence before deciding to invest. Here are some useful resources for you to read:

Thinking About Buying Gold in Dubai?

dubai-gold-rates

As you may already know Dubai is known as the city of gold. This is not just because they have the biggest storage for gold in the world but also because of the fact that Dubai does not apply any taxes on gold purchases and gold storage. There are lots of options to buy gold in Dubai – you can buy it online, but also as billionsĀ on the well know Gold Souk. If you are interested in buying gold in Dubai you should make sure to check the current gold rates for Dubai and the world to get a better feeling what drives the price of gold

Update 28th March 2019 – The Price Of Gold Is In a Downfall Again

Gold IRA investments are most likely to follow the price of gold and as we see a huge rejection in the past months we can expect to see more investments to follow. The price of gold is falling for months and has just hit the lowest price since January 2017. We are getting more and more questions about where to buy gold and if this is the right time to do so – the question is pretty simple – buy gold when the price is low and sell when the price is high. The best place to buy gold right now is the UAE as they are not applying any taxes on gold purchases.

price-of-gold

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Scroll to top