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Thinking of investing into gold? Bearish signs now.

gold bars

Thinking of investing into gold? Bearish signs now.

Do we buy when reports are speaking positive things about gold? For example, the latest article here:

Gold getting more expensive and property price may dip?

Before we even start to buy, we now have many bearish news about gold. The below are just three out of many which have flooded the internet now. In other words, gold price could not sustain its upwards momentum and has now fallen below that psychological level of US$2,500. Anyway, perhaps it’s good to also take a breather. In a marathon, the runners pace themselves and not try to have quick burst of speed because they will not be able to sustain the pace yeah.

Please do take a look below and click to read if needed.

Source: https://www.fxstreet.com/news/gold-price-attracts-some-sellers-below-2-500-on-firmer-us-dollar-202409020233
Source: https://www.bernama.com/en/news.php?id=2336124
Source: https://www.fxempire.com/forecasts/article/gold-xau-daily-forecast-bearish-momentum-in-gold-eyes-key-2488-support-level-1457768

Do we buy when good news are all over or bad news are what everyone days?

We buy when we feel the time’s right. We buy when we have read and feel confident of some trends moving forward. We buy when we read the analysis from the many experts and we felt that what they said makes sense. We buy when we have opportunities and have the funds to buy versus having to borrow. We also buy if we have the ability to hold as fluctuations will happen and we will always be feeling stressed when the numbers are not going our way.

I just bought gold in Thailand as I happened to be there and it’s my wedding anniversary in September. Their gold is not 916 like ours yeah. Their standard is 965. So purity wise, it’s actually higher and thus for the price wise, it’s also slightly higher too. Buying these means paying for the workmanship too. If you prefer to buy without the need for workmanship, open a gold account and start investing yeah.

Cheers

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Charles Tan The Founder The Writer Kopiandproperty
Charles Tan

Charles is Founder of kopiandproperty.com He writes from his investment experience for the the past 20 years in investments including property, stock, unit trust and more as well as readings and conversations with many property gurus in the industry. kopiandproperty.com is an independent property blog which is not affiliated to any media company, property developer or even real estate agencies.

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