Gold is a Precious Metal of a yellow hue, prized for use in jewelry and decorative arts. Its chemical element symbol is Au and its atomic number is 79. Gold was used to guarantee paper currency in the U.S. until 1934.
Gold bullion is produced in the form of Gold coins, Gold bars and Gold rounds from mints and Precious Metal refiners around the world. When Gold buying, you invest in an asset class that is as old as civilization itself. For thousands of years, Gold bullion has held stable purchasing power during inflationary times but can play an important role in a modern portfolio. Gold provides a bright spot in your investment portfolio.
Buying Gold bars is one of the most cost-effective, safest and easiest ways to own physical Gold. Gold bars generally match sovereign coins in content and purity, but cost less than Gold coins because they’re usually minted privately.
Gold price forecast is determined differently than most other investments.
Gold has inherent value. Economists use many factors when predicting Gold prices, including global inflation rates, trade imbalances between countries, and the holdings of major central banks around the world. Expectations about higher interest rates and inflation have an impact on the Gold price forecast, as well. Supply and availability can impact some estimates.