When and why people have started to consider gold as an option for profitable investment? Probably it is useless to look for the exact date and the country where it happened. Though over the long history of humanity life values and conditions have changed dramatically, gold has preserved its high value. An average person in case of financial crisis will rather invest money in a couple of jewelry than in a real estate or shares.
Today I would like to talk about methods of gold investment in Singapore that are available for everyone.
When a currency is devaluated, inflation grows and eats deposits of the banks, many find their salvation in gold. Only in the last couple of years, gold price has significantly increased and those investors who previously have invested in gold earned up to 90% of income. But such an incredible profitability of the gold investment can be expected only with a very good calculation and tactics. If you just buy a lot of jewelry that will be a mistake. After all, a large part of the product value is the masters’ work that is the cost of production. Such products are then very difficult to sell and cannot be considered as a smart investment.
Another method of gold investment in Singapore is to purchase gold bullion. Rich people often use this method of gold investment. Once bought you need to find a good place to hide and safe the gold bullion. The advantage of this gold investment method is that you have a real peace of gold that will always have a value. The disadvantage of it is that it requires high initial investment and you will need to find the secure storage for your gold bullion.
The most comfortable and profitable way of gold investment in Singapore is online investment via legitimate and proven Forex broker that provides commodities as an instrument of online trading. In the print screen below you can see a list of commodities offered by eToro platform, where gold is one of them.
Gold investments are usually done for a long time: months and even years. In addition the volatility of gold sometimes is very high, that’s why we recommend using low leverage with a high initial investment.