Answer
Feb 24, 2025 - 03:43 PM
The short answer is ‘When you need it.’ Gold, first and foremost, is wealth insurance. You cannot approach it the way you approach stock or real estate investments. Timing is not the real issue. The first question you should ask yourself is whether or not you believe you need to own gold. If you answer that question in the affirmative, there is no point in delaying your actual purchase or waiting for a more favorable price, which may or may not materialize. Cost averaging can be a good strategy. The real goal is to diversify so that your overall wealth is not compromised by economic dangers and uncertainties like the kind generated by the 2008 financial crisis or the current inflation-stagflation threat.
