A very good explanation of the moving gold price is provided in the video below, but first, a wonderful illustration which explains the cost of mining gold.
Recorded After The Recent Price Fall, Here's An Explanatory Video Explaining What Happened And Why
What Do Wise Investors Do When Markets Fall?
It doesn't matter whether it's gold, or stocks and shares. When markets fall dramatically, or crash, while small and inexperienced investors panic and sell, the smart investors buy.
It's a simple principle. You get more for your money than you did before the fall.
Gold doesn't move in line with other markets and therefore, it provides a good investment hedge in uncertain times.
Gold is effectively a currency, used by wealthy individuals and countries as a secure, long term hold for money.
For all these reasons, gold is the one investment we always feature that isn't property backed. If you want to buy gold, either with cash or through your SIPP, go to our Investments page.
Given the fall in the gold price this year, buying now will give you the most for your money!
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