Midas Gold Group recommends the purchase of gold, silver, platinum, and palladium coins for long-term buy and hold investment strategies. Most of our investors view the purchase of physical and tangible precious metals as long-term means of diversification and financial protection. However, that does not mean that it is not wise to look at trading trends to identify good points of entrance and even exit to/from the precious metals market.
For example, many investors who purchased gold and silver prior to the financial collapse of 2008, sold portions of their positions at sizeable profits between 2009 and 2012. Many investors are now looking at gold and silver as being priced very low, especially when compared to the relative strength of the US dollar. Many investors are adding to their positions. In 2018, the US Mint recorded the highest sales volume of gold and silver coins than in the four years prior.
When looking at gold and silver charts for long-term decisions, the 24-hour charts will give you very little insight. These short term movements can be based on any number of factors including short-term institutional trading action. Looking at price trends over months or even years can be an efficient tool to identify trends and opportunities.
When making long-term decisions about owning precious metals, we discourage people from trying to over analyze and expect to pick the exact market bottom to buy or the exact market top to sell. Over the long-term physical gold and precious metals have always and should always outperform fiat currencies. We feel diversification away from paper assets is both important and financially responsible for many investors. Investors should look for wise buying and selling opportunities, but we have found that many people with good intentions to be proactive about their investments, get left behind major market movements through over-analysis.
The experts at Midas Gold Group are always here to answer your questions about precious metal prices and can provide insight to help you make informed and intelligent decisions about buying or selling precious metals.
