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Gold Is Doing Much Better Than Last Year

Todays Date: December 15, 2018

The World Gold Council has revealed data that shows that the precious metal has finished the first quarter of the year at 1.115.50 dollars an ounce according to the London pm fix price. While last year the price of gold was 1.087.50 an ounce at the end of the year.

A World Gold Council representative has stated that the increase in the price of the yellow metal was achieved despite the good performance of the US dollar and stock markets. This is actually a surprise because we always assumed that there is a negative correlation between the dollar and the price of gold.

The precious metal is known to be doing well in election years. And this is happening because some investors are trying to assure themselves by purchasing gold as insurance against volatility that would be caused in case of a hung parliament. The reality is that is that in the last decade, the yellow metal has performed very good compared to equities. The sterling price of gold has gone past 320pc while the FTSE 100 remains below the level it had 10 years ago.

Gold is known to be a safe haven especially in times of financial turmoil. This is the reason why people are looking to protect their savings by purchasing the yellow metal. Gold has proved to be a reliable asset at any time. Its price does not fluctuate as much as the price of paper currencies. In our days, there are many ways in which one can invest in the yellow metal. One can purchase gold coins and bars or simply buy gold shares.

This best thing that one can do in order to diversify their portfolio. And today is very important to have a complex portfolio and not to focus only on one asset. Gold is and will be the safest asset that one could ever own. So try to do a little research and then start investing and diversifying and you will see that you won’t regret it. There are many ways in which you can do this so why wait?

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