, investors are seeking safety in the precious metal.
Investors have had a hard couple of months lately. At the beginning they were worried about the raise of the inflation, then they started to worry about the dismal returns on bank deposits and now the newest reason for worry is the possibility of a hung Parliament.
Specialists have concluded that the precious metal has delivered much better returns that shares have in these times of financial instability. Also, history shows us that gold has always done particularly well in election years. The price of gold has soared by more than 320 pc while the FTSE 100 remains below its level of 10 years.
Those that own bank accounts have been harmed by the financial movements that have take place on the market lately.Buying jewelry is not a profitable investment strategy these days. The difference between the price that the item is sold at and the price at it is bought at is very big thus making this a loss strategy than a profit one.
There are companies that are coming to the rescue of those that want to invest in gold and don't know exactly what to do. Gold can now be purchased by the gram on various websites that are more than reliable. For your personal ease of mind though you can do a little research to see which are the best places to buy from. Another way of investing in gold are the gold shares or gold accounts. The precious metal has been very helpful for those that decide to invest in it. The price of the yellow metal cannot oscillate like the price of paper currencies, this is why it is good to own gold.