Have you decided to start investing in gold in South Africa? If so, this can mean big things for your portfolio as gold is a stable and reliable commodity which can diversify your portfolio. However, before you take the plunge, there are a few things you should know.
As a South African, you definitely know all about the weak currency and inflation. If you invest in gold, you can rest assured knowing that it is recognised all over the world as a store value, meaning that it will retain its value and buying power as the price doesn’t necessarily move the same way as one country’s currency.
Gold prices can go up due to the following factors:
On the other side of the coin (excuse the pun), there are also a few factors to look out for when investing in gold that can push prices down:
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