Falling courses are by no means a cause for panic. If you consider the 10 questions and answers, you are on the safe side.
1. Did I plan to sell the investment gold again within a year?
If your answer is “no”, you do not have to worry about it, but if you do not want to sell gold, gold, gold, etc., you still profit from the much higher prices than just a few years ago.
2. Have I invested money in gold which was not at my free disposal?
Again, if their answer is “no”, there is no reason to worry.
3. Do I regularly invest in gold to hedge against inflation or state bankruptcy / expropriation?
If so, is now a particularly favorable time to invest money in gold.
4. Have I bought gold at much higher rates and now I regret the investment?
If so, you may not have been well informed and are pursuing a non-optimal investment strategy. Gold is primarily used to hedge the depreciation of money, its price is just as volatile (ie fluctuating) as other values traded on the exchange.
5. I wonder if the predictions of the financial analysts are right and the Goldboom is now really over?
If you answer this question with “Yes”, you should also consider the changes that have taken place in our financial system and how this can affect the longer-term development of the gold price.
6. What fundamental changes have been made in the financial system and how do the prospects of the long-term gold price go together?
The current situation has changed nothing. Banks continue to have the monopoly of generating money. Should a bank become in a state of emergency, the state is ready with rescue packages. The money remains unsecured by real assets. Public and private debt rates continue to rise. The balance sheets of the banknotes are also becoming longer.
The basic money supply also continues to grow. Financial assets continue to grow relative to real assets. The governments of the states can hardly save any more. The private assets of savers are increasingly claimed directly by states (keyword: Cyprus). Thus, in the long term, the rise in the gold price is only a matter of form.
7. Should I still invest in gold at this time?
Anyone wishing to secure their long-term asset against money appreciation should continue to do so on a regular basis, as the average price of all your gold investments made will decrease and the potential gain will increase significantly as gold prices rise.
8. Can the gold price go further down?
The price can, of course, continue to fall, but investment in property values is still safe, while the investment in financial assets is now very risky due to imminent monetary depreciation.
9. Has it not been shown that investors who invest heavily in gold tend to be among the losers in the end?
On the contrary, historically, that is, over several thousand years, it has been shown that in most cases it is wise to buy gold.
10. When will the gold price rise again?
As soon as the last optimistic investors on the financial market recognize the predicament, the gold price will also rise again.