Russian Ukraine War: Now is the Time to Invest in Gold bullion
- Written by Anna Koretskaya
With Russia and Ukraine at war, gold prices will go up sharply soon. Moreover, as the geopolitical tension rises with the slowdown of the global economy and high inflation, it will spike the gold price. According to different experts, you can expect the gold prices to touch Rs 55,000 this year, and it is forecasted to touch Rs 62,000 next year.
Buy Gold Bullion Today
If the war is not stopped, a geopolitical event will occur between countries. On top of that, you will see an economic slowdown with higher inflations globally. As a result, economists do not see the central banks raising the interest rate, leading to another spike in inflation.
Many economists expect the gold price to shoot up this year and next year. Still, equity markets are nosediving, and it continues to outflow. The Moscow exchange stopped trading over all the markets, and the experts say that this news is a safe haven now to buy gold bullion from dealers.
The reason is that geopolitical tensions can take time to resolve their issues, and the market needs time to discount it. So while there will be a spike in the interest rate, it will further escalate the gold price.
A fact is that the gold will ignore the dollar index rise for now and will continue with a northwards journey. Experts expect that the levels in gold will hit $2500 to $2100 levels in price. So, if you have money to spare, investing in gold bullion is now a safe haven before the price goes too high.
Find a Local Gold Bullion Dealer Near You
Gold is now ripe for profit-taking as it will stabilize soon. Still, even other precious metals fell from palladium to silver as much as 6%. So, for now, while the gold price is not that high, you can buy gold bars at reasonable prices from a gold dealer in Brisbane.
The important thing is to buy pure gold only that are investment quality of 99.5% or higher. Only buy the bar that features the manufacturer's name, purity, and weight expressed as 99.99% stamped on the face when you purchase it as an investment.
To buy a physical gold bar is simple online. First, browse through a reputable gold dealer's website and select the gold bar you want to buy according to the weight, price, and quantity. Then, you can choose a cost-effective payment option using your credit card or a wire transfer.
When your gold bars arrive, keep them in the original packaging to provide a higher buyback value when the time comes to sell them. In addition, we recommend keeping them in a safety deposit box at your bank or n your home safe.
So, why wait with the war escalating? Now is the time to buy gold bullion from a local dealer and protect your wealth and savings from inflationary pressures.
