Experts discuss gold buying opportunities and whether itâ¤™s a good idea to rollover 401k and IRA to gold while the price of gold are still low.
â¤½John Paulson who invested $4.6 billion in gold said: â¤½I view gold as a currency, not a commodity. Itâ¤™s importance as a currency will continue to increase as the major central banks around the world continue to print money.â¤â¤
Experts predict that price of gold price will increase from 2016-2023, and many of them forecast that the prices will go over $1941 in eight to ten years. It is believed that the price of gold has already hit its bottom.
The price of gold can fluctuate in the short period of time, however, it always increases its value in the long run. Gold investment has always been the best protection against inflation and currency devaluation.
Over the last year the price of gold has remained almost unchanged â¤“ $1175 last week versus $1205 in the beginning of 2014. Despite predictions of gold crash in 2014, price of gold remained stable.
For people who are looking for a long-term investment buying gold while the prices are still low is definitely a good investment opportunity at this time. For example, a person who had purchased $33,000 of gold in 2001 can sell that gold in 2015 for about $129,551.12 which is over 300% return on investment. In current market conditions most 401k and IRAs havenâ¤™t perform nearly as good.
Itâ¤™s no secret that even during toughest economic conditions investment in gold has always been the safest option and, therefore, it is the best protection against irresponsible governments. Gold is used in many industries and is always in demand due to its limited supply and the fact that it canâ¤™t be manufactured. Gold is used in almost every electronic device (there are no alternatives to it) and even NASA uses it in aerospace technology.
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