Gold Investment Webinar for Beginners
Throughout history, gold has been seen as a special and valuable commodity. Today, owning gold can act as a hedge against inflation and deflation alike, as well as a good portfolio diversifier. As a global store of value, gold can also provide financial cover during geopolitical and macroeconomic uncertainty.
When investors are worried about the economy, they often buy gold and, based on the increase in demand, push its price higher. You can keep track of gold's spot price ups and downs at the website of the World Gold Council, an industry trade group backed by some of the largest gold miners in the world.
With concerns about rising inflation in the global economy, many investors consider gold to be a powerful tool to protect the value of their wealth against the erosion of purchasing power.
If paper money suddenly became worthless, the world would have to fall back on something of value to facilitate trade. This is one of the reasons investors tend to push up the price of gold when financial markets are volatile.
Gold is a commodity that trades based on supply and demand. The interplay between supply and demand ultimately determines the spot price of gold at any given time.
Demand for jewellery is relatively constant, though economic downturns can lead to a temporary reduction in demand from this industry. However, the demand from investors, including central banks, tends to track the economy and investor sentiment inversely.
Want to understand more? or Ready to buy gold? Register to attend the event
When you attend the Gold Investment Webinar for Beginners, you are donating $2 to IWoMA for ongoing intervention projects in Africa. This will go a long way to promote high ESG standards in Africa regarding responsible gold sourcing.
Supported by Richflood and Minerals and Miners Centre