As you may have seen, gold prices have taken quite a beating recently.
Bad news if you want to sell some gold, but good news if you want to buy some more.
But what if prices keep falling? Shouldn’t you wait?
The smart plan for buyers of gold is to space your purchases. Don’t buy all you can afford on a single day. One way or another, you’ll look back and find it wasn’t the perfect day to buy.
A better plan is to spread your purchases over time. Right now, with gold prices on a downward curve, you might want to speed things up a little, reducing the space between purchases.
Then do the opposite when prices rise. Keep buying, but not so frequently.
And what if gold prices never do recover and get back up to $1,400 and above?
If that is your fear, you should probably stop buying gold altogether.
But if you step back from what is happening this week, and look at everything from 30,000 feet, you’ll see that there is no long-term or fundamental reason for gold prices to fall indefinitely.
There is still a currency war raging, worldwide. The U.S. dollar is still weak. The U.S. and European economies are still shaky.
There is every reason to believe that gold prices will recover and achieve new price records.
That’s why now is the time to buy more gold.
Always buy more during the dips, and less while prices are rising.