By Mark Paine, Meyado, Singapore
Gold prices have fallen significantly over the past months, recent volatility has seen gold trading at around the $1400 level of late. Having reached a 2 year low gold has surged forwards in the past days creating 12% gains in gold price.
The US mint limited sales of physical bulletin as investors rushed to buy gold.
We have long advocated gold as part of portfolio planning, but like with everything in life moderation is key. Certainly for persons who currently hold gold and who bought at higher prices now would be a good time to average that cost down by buying in at the lower levels.
Gold has always been a difficult asset for retail investors to speculate on, but if you are going to do it, now would be the time. Access via funds, ETF's and structured products make it easier than ever to hold bullion, but there's something fun about purchasing a bag of gold and having hold of your asset.
If you'd like to discuss how gold could fit in as part of your portfolio planning our advisers are on hand to give advice and assist purchases.
Mark Paine
Meyado
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About Me
- Mark Paine
- I joined Meyado Private Wealth Management as an international financial adviser in 1993. I have lived and worked in the USA, Europe, the Middle East and currently reside in Singapore in South East Asia where I am Managing Director of Meyado Pte. I am a qualified Financial Representative in Singapore under the MAS Financial Advisers Act as well as holding UK FSA CFP and FPC examinations and a BSc in Business and Law from the University of Hertfordshire in the UK. You can contact me at markpaine@meyado.com
