3. Buying Gold Only When It’s Rises
Now is always the right time to buy gold – there is never a “wrong” time. But the Law of Supply and Demand also applies with gold. When more people are buying gold coins, the price of gold can go up and the supply of gold coins in the market can go out. The more people there are who want to buy gold, the higher the demand would be.
But sometimes, the available supply in the market may not be available to meet the demand. Hence, it will affect the price. As demand for any product of commodity increases, whether it’s gold, silver, gas, grain, or foreign currency, prices increase and supply can run low.
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