The price of gold is considerably lower than its previous highs providing the opportunity to buy. Oommen John P reports.
Gold has often been considered as a safe product, which investors have turned to, in times of any crisis or economic downturn. So much so that it is largely perceived to be a hedge for anyone at risk of losses to their property value, stock portfolio and so on.
The price of gold is still considerably lower than its previous high five to six years ago. This provides the opportunity to buy significantly more gold now than earlier, for the same amount of money. Owning physical gold actually reduces the overall volatility of a portfolio. In these uncertain times, experts believe up to 20 per cent of ones holdings should be in gold, with compared to around 5-15 per cent in better economic times.
“Gold has always been a long term investment option for individuals, corporates and governments across the world. Even today, we see that gold continues to generate the same confidence among investors,” says Najeeb K, regional head Oman, Malabar Gold and Diamonds.
This story is from the July 2017 edition of Oman Economic Review.
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This story is from the July 2017 edition of Oman Economic Review.
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