Gold Is Set to Shine Again in June
It’s buzzing that the price of gold is expected to climb once more in June. Experts at The Gold Bullion Company have unpacked why this is happening and why 2024 looks like a golden opportunity for investors.
Why Gold Keeps Getting the Spotlight
- Economic uncertainty. In times of crisis or recession, people look to gold as a safe‑haven, so demand spikes.
- Currency depreciation. As major currencies weaken, investors shift to a stable store of value—gold.
- Inflation. In 2022 the global inflation rate was 8.27%, up 4.8% from 2021. When cash loses value, gold often outperforms.
- Diversification. When stocks flounder, gold’s finite nature makes it an attractive sweet spot for balancing portfolios.
- Geopolitical tension. Rising conflicts drive up the price trajectory.
- Retail demand. Big players like the US, India, China pour massive funds into jewelry, bars, and coins.
- Central bank buying. Since 2022 central banks have been piling up gold—a trend that continues.
- Mining challenges. With the “easy” gold already mined, deeper mining means higher costs and, consequently, higher prices.
Expert Take‑away
Rick Kanda, Managing Director explains that the surge in gold prices boils down to its status as a stable, long‑term investment. “More demand equals higher value, so 2024 is perfect for those looking to get on board.” He also offers top tips to help newcomers dive in.
Coins vs. Bars
Gold coins are a popular choice for most investors because they balance price and divisibility and can be liquidated smoothly.
- UK coins (sovereigns, half‑sovereigns, Britannia) are Capital Gains Tax Free, which is a big perk for the long‑term investor.
- Bars typically cost less per gram than coins due to lower manufacturing costs—a smart move for those who might flip them later.
- Knowing a coin’s purity is essential, as it directly impacts its worth.
Keep an Eye on the Market
Gold prices are fluid. Stay updated on real‑time price data and global financial news to spot the sweet spots for buying or selling.
Beyond Physical Gold
If you’re not keen on shipping bars or coins, there are alternatives—
- Gold ETFs: Easy to trade on the exchange; you’re speculating on a vault‑backed price.
- Pooled gold funds: You own certificates instead of the metal itself.
- Both rely on the trustworthiness of the managers; ensure they audit and safeguard the assets.
Final Word from Kanda
“Investing in gold is thrilling in 2024, but make sure you only deal with reputable, verified sites and read independent reviews before purchasing.”
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