The U.K.’s Brexit negotiations are slated to begin in March, leaving many people weary of looming financial crisis. As a result, many investors are opting to fall back on gold. This traditional safe haven will remain quantifiable, making it an obvious choice for many. Due to gold’s reliability and otherwise grim horizons, the price of gold has increased significantly as of recent. However, in the case of a financial crisis, it would sky rocket.
If you need some convincing as to whether or not you should invest in gold coin, here are five facts to consider:
1. Despite a looming crisis, gold prices are continuing to drop on occasion. Just like any market, there is always a right time to buy. While many gold owners originally sold their gold for high prices after the Brexit announcement, gold prices are leveling out. While the unknowns still exist, expect gold to dip and rise on occasion.
2. Gold is safer than money. Whether or not your gold investment brings you high yields, it is most likely not going to be a loss. This makes gold an obvious alternative investment during times of international financial turmoil.
3. Chaos fuels gold. The price of gold grows as the U.S. dollar sinks, and as the Brexit fueled chaos ensues. Investing in gold can help you to limit your losses. Moreover, regardless of the Brexit outcome, the chaos will likely drive up the profitability of gold.
4. Even after the Brexit hearing in March, it is unlikely any final decisions will be made within two years. This length of time is imperative to the gold market. It is likely that the closer the deadline is, the higher the price of gold will be.
5. Hindsight won’t help you. While there will always be a level of uncertainty when it comes to investment; gold is one the most reliable choices you can make. When on the brink of an unpredictable market, it is important to put somewhat controllable factors into the mix.
Learn about the release of the Brexit gold coin