Many investors are concerned that the global economy will be seriously affected by the global lockdown caused by the spread of the coronavirus, and they are therefore moving their wealth into safer commodities, and gold is at the top of their list. Gold has a fantastic track record in times of financial pressure, and some experts are predicting the $2k per ounce mark will be reached sometime in 2020, and bearing this information in mind, perhaps the time is right to convert your wealth into gold bullion.
When looking to acquire gold bullion, it is important that you source a reputable gold bullion dealer and the Internet offers the best way to make contact with such a company. As an example, the best way for you to buy gold is simply Google an established bullion dealer and make an appointment to visit their main offices. Then, you can carry out the transaction in a secure environment and should you have any queries about gold investment, the experts are happy to advise on every aspect of precious metal investment.
Taking Physical Possession of your Gold
It is essential that you actually take possession of your gold, for obvious reasons; if, for example, the global economy were to collapse, you might be left holding a worthless piece of paper, so it is always wise to receive your gold bullion and store it somewhere safe. You could rent a safety deposit box at a local bank, or have a concealed safe installed at home, which is a safer alternative to hiding your gold under the bed.
Of course, any reputable gold bullion dealer’s offices would be suitably prepared for safe social distancing, and you can inspect the gold in a secure area and would not break the 2-metre rule. City Gold Bullion is one of the trusted gold buyers in Adelaide so make sure to check what they can offer. You can make an appointment via their website or on the phone, and they would have secure indoor parking, making your visit convenient.
Analyse the Market
Prior to making a gold purchase, look carefully at current trends. Indeed, many experts would say that this is the time to move into gold as prices are forecast to increase in the coming months, as more and more people sell of their fiat currency and buy gold. If you look back at the Great Depression and other big recessions, you will see that the price of gold increased, and you can expect that trend to be evident in this pandemic which is a strong indicator that now is a good time to switch your wealth into a commodity that is stable.
Whenever you wish to buy or sell precious metals, you are advised to visit the offices of a reputable gold bullion dealer, as they would be able to facilitate your acquisition in a safe manner, with social distancing measures in place.