He points out that “one of the reasons to own gold is as a hedge against government.” He warns that increasing political risk, as seen with Brexit, is on the horizon with the U.S. election and the rise of Trump and Clinton and indeed elections in the two largest economies in the EU:
“We’ve got the US election too, in which neither candidate has you exactly salivating, then France and Germany – whose leaders are unpopular – have their own elections in 2017. “
Frisby kindly mentions GoldCore as a company to buy gold from and concludes:
“So I shall be continuing with my current strategy of being long gold and bullish about its prospects. I shall sit back and enjoy the political fun in the comfortable knowledge that I am hedged. And if the markets punish me for my complacency (they usually do), well, so be it.
And if you’re interested in buying gold, Goldcore has all sorts of offers on at the moment, including VAT-free silver coins. A good place to start is with the MoneyWeek guide to buying gold.
At MoneyWeek, we’ve been tipping gold since 2001. In that time it went from $250 to $1,900 an ounce in 2011 (a 660% increase), hitting record highs each year since 2002.
Successful investing is about the diversification and management of risk. It makes sense to have a part of your wealth invested in gold.
SPDR Gold Trust ETF (NYSE:GLD) fell $0.62 (-0.49%) in premarket trading Monday to $125.73 per share. GLD has gained nearly 25% year-to-date.
This article brought to you courtesy of GoldCore.