The gold market has been under pressure in recent days, and prices are trading at their lowest point of the year. Numerous “analysts” have already covered gold’s fall through support in the $1280-$1290 region and have suggested that lower prices may be in store.
For the patient, long-term investor, this is a positive that should be welcomed. The notion of buy low, sell high is not new and has served investors well for ages.
Are You Considering Lower Prices or Good Value?
Long-term investors should not be simply concerned with price but with value. A good value will pay off over time. The concept is the same whether buying toothpaste in bulk to get a batter value or purchasing a demo car to get a better value for the money. It also applies to all financial markets as well. Just ask stock investors who were the first to jump into the market as stocks bottomed out in 2009. Despite some “analysts” suggesting that stocks had even further to fall, those investors who got long the S&P 500 under 700 enjoyed a ride over the last decade that could have produced a return of several hundred percent. Portfolios can be “made” that way.
The gold market today is no different. The lower prices go, the better potential value that investors may get. To put this into greater context, however, we are not talking about what gold may do tomorrow, next week, next month or even next year. We are talking about what the market may do in the years and even decades ahead.
Gold Could Move to Previous All-Time Highs Quickly
Against a backdrop of economic and geopolitical risks, there is no reason that gold could not quickly move to previous all-time highs around $2000/oz. Given the current debt crisis in the U.S., the market could move well-beyond those levels, possibly moving to $5000/oz, $10,000/oz or even higher. Should current market dynamics play out as we suspect, gold could make a sustainable and substantial move higher in the years ahead. Those who start buying once that ascent has already begun may still potentially do very well. Those who start buying as the market moves lower and eventually finds a long-term bottom may “clean-up” as they buy what could prove to be an excellent long-term value.
The bottom line is this: Do not fear lower prices and do not get caught up in the day-to-day or even month-to-month movements in the market. Stay focused on the years and decades ahead, and your patience may be handsomely rewarded.
Add Gold to Your Portfolio Before Prices Start to Rise Again
With recent declines, adding gold to your portfolio is now less expensive than it has been in some time. Now may be the ideal time to start building a significant allocation in this key asset class before prices start to rise again. If you want to stretch your investment dollars as far as possible, now may be the time to act.
Speak with an Advantage Gold account executive today about the potential benefits of gold ownership and to learn more about the role this asset class may play in the years ahead. Our associates are here to answer any questions you may have and can even show you how to build a large allocation using an IRA account.
Don’t wait for the next major financial crisis or for gold prices to start moving higher before acting. Explore your options for gold ownership today. Call Advantage Gold at 1-800-341-8584 to get started now.Tags: 401k gold, add gold to my ira, advantage gold, best gold companies, best way to buy gold, buy gold, gold, gold price today, gold prices