
In late February of 2022 gold was trading at £1400
In late February of 2022 gold was trading at £1400. A year later in 2023, £1500 and in late Feb of 2024 £1600. Then 8 months later it was trading at over £2000.
At which point do you as an investor get involved? Time in the market is always better than timing the market. Those with a passing interest in gold may have seen the price and considered it too far gone, they've missed the boat? So they didn't invest, but had they got involved at this point they would already have seen a 16% increase.
So at which point has gold gone too far? Where will the trend end?
Investment banks are already revising there forecasts for 2025, with some seeing their December predictions already surpassed in the first 6 weeks of the year.
We would always recommend doing your own research, it's time consuming, but it could be the difference between wealth creation and not! Gold is a safe haven asset, unlike Crypto, which has undermined itself by being part of the stock market and therefore not the disruptor many had hoped. Gold will continue to hedge against the difficulties we see in the world today - Geopolitical tension, increasing debt, Currency devaluation - that push investors to safe haven assets.
Get in touch with us to talk strategies for your own gold investment journey. We offer seriously low entry level investments, opportunities to invest in CGT exempt coins and continue to give open and honest insights into the gold market.