The time for traditional investment methods has passed and now financial engineering has taken over and the emergence of complex financial instruments such as digital currency is testament to this fact. By far Bitcoin is the largest and most popular cryptocurrency, but the volatility is in the digital currency market as well as the acceptability of it as a medium of exchange has hampered its attractiveness as a safe and secure alternative investment. As the famous saying goes “All that glitters is not gold.”
It is on this background that this article retraces the footsteps and looks at Gold as an investment that has stood the test of time. We also explore how Dukascopy can be your trusted friend in investing in Gold.
Gold like any other commodity is affected by market supply and demand dynamics. The global economics play a huge role in the determination of the price, and without dwelling much on the fundamental and technical aspects on pricing the chart of daily prices is shown below.
Fig 1: Monthly gold prices
Advantages of investing in Gold
Hedge against inflation
Gold is an excellent hedge against inflation. It has shown positive results even du…