Should I Invest in Gold in 2018?

Gold has been one of the most rewarding assets for investors in the last ten years, because of its constant increase in price. But how will it perform this year. Should you invest in gold in 2018?

Gold as a Safe Haven

Gold has an inherent value which makes it stand the test of time. For this reason it has come to be considered probably the safest asset for investments in times of economic uncertainty or political unrest. Right now, much of the world suffers from both these issues.

That would suggest that, if you want to secure your wealth, it’s a good idea to invest in gold. 2013 is a good year to start. The price of gold is likely to rise again this year, as many European economies still struggle to recover, and as the supply of physical gold remains relatively low.

Gold as a Lucrative Investment

If you’re more interested in making a lucrative investment that brings you considerable returns rather than secure your wealth, gold can also help you. But you have to consider two things.

·       As an asset, gold has great potential. That said, only long-term investments bring big returns. In other words, if you invest in gold in 2018, you probably should not expect to get rich during the same year. You have to remember though that in the world of investing there are always exceptions.

·       The price of gold may fluctuate this year. While gold will continue to be expensive, nobody can really predict how expensive it will get. It’s possible that the precious metal’s price will continue to increase throughout 2017. But it’s also possible that the price will fall, rise, and then fall again. There is still plenty economic trouble in the world, and this may affect the gold price.

In conclusion, in you want to invest in gold, 2018 seems a favourable year for your investment. Just make sure you compare investment opportunities first.