With recent news about gold prices falling by 3% following the US and China striking a tariff deal, the experts at The Gold Bullion Company have provided their knowledge to assure gold investors that they shouldn’t be panicking when they see these drops.
Rick Kanda, Managing Director of The Gold Bullion Company, shares his insights into the right time to invest in gold, whether investors should be taking out money when the market drops, and whether you should be obsessing over market fluctuations.
“Gold investment should not be dependent on whether the market is either surging or falling; you should be more focused on whether your financial situation enables you to do so at that particular time. Gold should always be seen as a long-term investment strategy. The time is right if you have the funds, you are in a financially stable position, and you’re looking for an investment that will store value long-term without thought towards any short-term price fluctuations.”
“Gold should not be looked at as an asset you react to impulsively. Remember that gold is a long-term investment, not a short-term trade, and drops and market fluctuations are all part of the cycle and not a reason to panic. If you have invested in gold for the right reasons, which are long-term financial storage, short-term declines in the market should not hurt your confidence.”
“Gold is not a quick-return investment; there is no need to check prices daily. Yes, check them now and then just to be aware of where the market is at, but there is no need to do it constantly. Gold is a hedge; it’s a long-term hold, and obsessing over market fluctuations only encourages bad decision-making. Gold investment is simple: invest outside of the traditional financial system, trust the process, and avoid reacting to every market move.”
Rick finishes: “Gold prices have increased over 40% in the past year, reaching an all-time high of over £2,630 per troy ounce last month. This even surpasses the previous inflation-adjusted peak in January 1980. Among these increases, there have been dips, and there are sure to be more decreases in the future; as a gold expert, I caution that while gold is traditionally seen as a stable investment, its price can be and is volatile and past performance is no guarantee of future results.
Investors should be aware of market fluctuations and not assume guaranteed quick returns. To summarise, the market will continue to rise and fall, which may lead to individual concerns. The truth is that that is just how gold works. My advice to you is to ignore the background noise. Investing in gold isn’t about timing the market; it’s about diversifying your assets when it suits you.”
