The Modern Gold Rush: Does Investing In Precious Metals Make Sense in 2022? 

 March 12, 2022

The last gold rush was in the 19th century, but now it’s set to return. Experts predict that gold prices are set to soar as investors look for the next big investment opportunity after years of uncertainty over financial markets. So, with this, does investing in precious metals make sense in 2022? It does, and here is why!

1. The Value Of Precious Metals Is Likely To Rise

If you want to invest in gold, then this is the perfect time to do so. That is because gold prices are expected to rise. This means that the value of your investment will increase over time. If you buy an ounce today, its price could be higher by 2022, which makes it a great investment opportunity. Not only that, but people also tend to turn to gold when there is another crisis, like the one that happened in 2008 where many investors lost their money. By investing in gold now, you can feel safe knowing that it’ll act as a cushion should there be any more market crashes in the future. The benefits of buying gold now or in 2022 are obvious—it’s a smart investment, and will pay off big time as the economy recovers! You can now buy gold online, which is a quick, easy and secure way to keep your investment safe.  Another reason why the price of gold is set to increase comes from an expected surge in demand for commodities like copper and nickel, which means that investors will want to buy into those too. 

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2. The World Needs More Gold

Gold is a large part of many countries’ economies. For example, the US has several of its most prominent banks, like JPMorgan Chase and Bank of New York, holding over $850 million of gold. India has thousands of tonnes of gold that they stockpile each year. Russia is the world’s largest producer of gold, which they use for their reserves, too. All this means that investors will want to move their money away from other investments like currencies and stocks, and instead turn to gold. Even countries far beyond America are expected to invest in more gold as 2020 draws closer. And since there is a global shortage of precious metals like silver and palladium, there’ll also be an increased demand for these too. The white gold vs silver which is more in demand, is another debate going on. The world needs more gold, which means that investors are set to move their money into this investment. It’s the perfect time to make the most of this opportunity.

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3.  No One Knows Where The Stock Market Will Go

From Brexit, to the election of Donald Trump, no one really knows what will happen in the future. Financial markets are too unpredictable, which means that it’s hard to turn a profit while your money is tied up in stocks and shares. But with gold, you’ll know exactly where your money is going—into the value of precious metals. Gold prices are likely to go up, so you can be confident buying gold now for 2022. If you buy an ounce today, by 2023 it may be worth more than what you paid for it. So not only will it act as a cushion if there is another financial crisis or recession, but if all goes well, then you’re also set to make a large profit off your investment too! People of the past have used gold to hedge against risk, so there is no reason why you shouldn’t either. The right time to buy gold was decades ago—the second right time is now.

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4. Other Precious Metals Are Rising In Price Too

Investing in gold is still the opportunity of a lifetime. However, buying into other precious metals is also set to be profitable too. For example, silver has risen in price throughout 2017 already. This means that if you buy an ounce today, by 2024 it’s likely to be worth more than what you paid for it. So not only will this investment act as a cushion against any economic crises or stock market crashes, but it’ll pay off big time otherwise!  Another precious metal that is on the rise comes from palladium, which has been boosted by recent changes to emissions standards in America. Palladium prices are forecasted to reach $1,400 per ounce by 2023—higher than its current value—so now may be the ideal time to make your move. As you can see, there are plenty of opportunities in the world of precious metals, and it’s possible for anyone to invest, no matter whether they’re a newcomer or an expert.

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precious-metals

So, if you’re still unsure about buying gold, then hopefully these reasons will convince you that it’s a smart investment and something to consider in 2022. Do some research and check out the facts, then you’ll be able to make an informed decision about your finances. If not now, when? There is indeed a modern gold rush going on, so if you want to invest, now is the time! 

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