Precious metals
Posted: Sun Jan 19, 2025 10:54 am
Now, of all the precious metals, only gold can be called a truly reliable asset. On the LBMA (London Bullion Market Association), the price of a troy ounce of gold rose from $1,300 to $2,190 from the end of March 2014 to the end of March 2024 .
Over a shorter period of time, such as a year, price thailand telegram database fluctuations are quite strong. Conventionally, having bought gold for a year, you can sell it at almost the same price, or even lower.
But the problem is that it is not the easiest asset to buy. Especially for an investor who is not immersed in the precious metals market.
One way to invest in gold is to buy physical bullion. But here you should immediately include storage costs: for a bank cell or for buying a safe at home, or even for its installation. Otherwise, any, even minimal, damage to the bullion will lead to a decrease in price and, accordingly, potential profitability.
The second way is to open an impersonal metal account (IMA). This is a bank deposit where metals are placed in grams. The investor first buys the metal from the bank, and at the end of the established term sells it and receives income from the price difference.
The OMS can be urgent (with a fixed term) or on demand. The latter option is more profitable given the peculiarities of gold price dynamics. The investor decides for himself when to close the deposit and sell the metal back to the bank.
Over a shorter period of time, such as a year, price thailand telegram database fluctuations are quite strong. Conventionally, having bought gold for a year, you can sell it at almost the same price, or even lower.
But the problem is that it is not the easiest asset to buy. Especially for an investor who is not immersed in the precious metals market.
One way to invest in gold is to buy physical bullion. But here you should immediately include storage costs: for a bank cell or for buying a safe at home, or even for its installation. Otherwise, any, even minimal, damage to the bullion will lead to a decrease in price and, accordingly, potential profitability.
The second way is to open an impersonal metal account (IMA). This is a bank deposit where metals are placed in grams. The investor first buys the metal from the bank, and at the end of the established term sells it and receives income from the price difference.
The OMS can be urgent (with a fixed term) or on demand. The latter option is more profitable given the peculiarities of gold price dynamics. The investor decides for himself when to close the deposit and sell the metal back to the bank.