Investment - Gold: investment millennial
Gold has been the investment par excellence over many centuries and has proven to be the best repository of wealth and the best insurance policy against political and economic upheavals. This tradition has formed a legion of fans of the metal, which has been passed down from generation to generation, and that saved from bankruptcy for many families during the economic depression of the thirties or world wars that saw huge currency devaluations. Still, politically and economically unstable countries, gold remains a safe haven. However, for investors in general, this precious metal is nothing more than a financial asset like many others and can be part of a diversified portfolio.
The gold can be purchased in several ways: in coins, bars, paper gold, gold certificates, jewelry and other modalities, however today investors prefer paper denominated in gold, and backed physically banks or financial houses without discomfort having to store bullion or coins.
It should be noted that in Venezuela, as a result of exchange control, investment in gold bullion is as illegal as buy dollars, we can not sell, or import or export, and is expressly prohibited by the decree creating the foreign exchange regulations.
Miguel Angel de La Campa, the committee mines Venamcham, indicates that gold as an investment in bolivars purchased in specialty shops where Italcambio sold as gold coins and small ingots.
“The price of the product you buy: coins, ingots and jewelry will always be linked to the daily price of gold in
Add La Campa that gold seems to have a negative correlation with the dollar since the first of April has lost 4.5% of its value. The gold in the same period has increased from 4.3% in price. In 1980, gold reached its highest level of almost 800 dollars per ounce and ended the decade at half the value at $ 410 per ounce. It continued to decline in the 90s and finished at 282 US dollars in December 1999. It reached its lowest level in this cycle at 255 dollars for April 2001 and since then has gradually increased its value to its current price of 351 dollars per ounce.
“I think gold is in an uptrend and thus invest in shares of gold mining companies or physical or jewelry is a good addition to a diversified portfolio.”
Buy gold jewelry, it depends on how the dollar quoted in jewellery and as handle the international price: it could be earning, considering that the liberation of exchange control prices go up much more, though the jewels are not very easy to sell in the secondary market and when the houses specialized recompran do below the original value. What should be assessed is that if you need to buy is better to do it now quoted prices to the dollar to 1,600 and maybe can take advantage of the offers to make the house as any specialized trade keeps prices low to keep the premises open and not finish closing.
Source: http://www.dinero.com.ve/174/portada/informe5.html
Tags: Investment