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How to invest in gold when prices ride high
And this is resulting in conversation once again arising on whether or not to invest in gold. At that time, it made eminent sense to start allocating more funds to gold. Positive outlook for 2023 Things seem positively aligned for gold, going forward, because: - There is a reasonable probability that many developed countries will see muted growth or even mild to moderate recession (positive for gold) - The financial markets were negatively volatile last year and this might well continue in 2023 as well (positive for gold) - Almost all the major central banks across the world have been raising interest rates to fight inflation. This is just a view based on the prevailing conditions and influencing factors. Therefore, let your asset allocation strategy decide how much to invest in gold at any given point in time, rather than get unduly influenced by the performance of the last few months. Investors looking at gold for the long term (with no tax on profits but also low liquidity), can consider investments in sovereign gold bonds (SGBs). Source - Money Control
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