What are gold prices like now?
During times of economic crisis, gold prices peak. It should come as no surprise that the COVID-19 pandemic pushed gold to beat its all-time high in value. Worldwide gold prices peaked between August 2018 and August 2020. Currently, gold prices are in what is known as consolidation mode. A period of consolidation is a financial phase when a stock or investment is valued at or trades within a range. This trend in prices should remain stable for an unknown period, but eventually, it will be broken (and it is likely to increase). However, there is no way to guarantee how long the consolidation period will last or if the price will jump up again immediately after the consolidation.
So, does that mean you should invest in gold now? If you are interested in making long-term investments in gold, now is the ideal time. Depending on your long-term plans, buying gold assets might be precisely what you want to do right now. Consider that at its peak in August 2020, 1 ounce of gold was valued at $66.327. As of mid-February 2022, the price of gold is $59.857. With the price of gold having deflated since the peak of the coronavirus pandemic, now is the ideal time to purchase gold. If you can buy in now during a deflation, it will be easier to surpass the prices you have paid today and make it easier for you to generate genuine returns from your gold investment.
Where can you get started investing in gold?
If you want to start investing in gold, contact Sal at Judy’s Jewelry Antique and Estate Jewelry. You can purchase gold investment bars, collectible gold coins, and gold jewelry Judy’s Jewelry Antique and Estate Jewelry. Because we are always buying jewelry and other items, we constantly have a new supply of gold items on hand. Not only is Sal an expert, if he comes across gold pieces that he can’t put a value on, he has plenty of experts on hand to call on to give the correct value. We are also experts in estate sales, which supplies us with many different types of gold items from jewelry to picture frames. If you live in Fort Myers, Florida or the surrounding areas, give Judy’s Antique and Estate Jewelry a call at (239) 481-9600 to start investing in gold today. You also can visit our location, at 12710 McGregor Boulevard in Fort Myers.
