{"id":423014,"date":"2020-08-05T11:01:58","date_gmt":"2020-08-05T09:01:58","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=423014"},"modified":"2020-08-05T13:21:03","modified_gmt":"2020-08-05T11:21:03","slug":"gold-keeps-soaring-higher-heres-how-to-invest","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/industry-news\/423014\/gold-keeps-soaring-higher-heres-how-to-invest\/","title":{"rendered":"Gold keeps soaring higher &#8211; Here&#8217;s how to invest"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">There seems to be no stopping gold as its price continues to soar higher. Gold has returned over 30% in 2020 and over 45% over the last year. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The \u2018smart money\u2019 &#8211; hedge funds, family offices, and investment banks &#8211; continue to drive its price higher with a record-breaking 3,235 tons of the precious metal bought in 2020 alone.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, the U.S economy has seen its worst quarterly GDP drop in history, dropping a mammoth 33% in Q2.<\/span><\/p>\n<ul>\n<li><a href=\"https:\/\/www.revix.com\/?utm_source=Business%20Tech&amp;utm_medium=August%20Article%201&amp;utm_campaign=August%20BAU&amp;utm_content=Link%201\" target=\"_blank\" rel=\"noopener noreferrer\"><b>Click here to invest in Gold with Revix<\/b><\/a><\/li>\n<\/ul>\n<h3 class=\"my-4\"><b>So, what\u2019s going on?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">July marked gold\u2019s fifth straight month of gains and its best month since 2016 with prices hitting a new all time high of $1,900 per ounce at the end of last week and then again earlier this week with the price hitting $2,005 per ounce. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Notching a new milestone in a bull run that began in late 2018 and has gathered momentum during the coronavirus pandemic. Investors, concerned by the ongoing pandemic and worsening US-China relations, turned to their investment of choice in times of uncertainty on Monday, pushing the price of gold to its highest level ever.<\/span><\/p>\n<h3 class=\"my-4\"><b>What does this mean?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Coronavirus seems to be getting worse in the US, which partly explains why the country\u2019s government is aiming to announce another $1 trillion of support for workers and the economy. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">One possible result of all this spending, combined with unlimited central bank support, is rapidly rising inflation: more money sloshing around in the economy could see prices for goods and services rise quickly when demand returns, in turn eroding both the value of cash and the regular income paid by bonds.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investors think that\u2019s an environment that\u2019ll suit gold, and they\u2019ve been buying up the shiny metal in droves.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/08\/Golds-1-year-performance.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-423028 aligncenter\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/08\/Golds-1-year-performance.jpg\" alt=\"\" width=\"635\" height=\"552\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/08\/Golds-1-year-performance.jpg 635w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/08\/Golds-1-year-performance-300x261.jpg 300w\" sizes=\"auto, (max-width: 635px) 100vw, 635px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.revix.com\/?utm_source=Business%20Tech&amp;utm_medium=August%20Article%201&amp;utm_campaign=August%20BAU&amp;utm_content=Link%201\" target=\"_blank\" rel=\"noopener noreferrer\"><b>Revix<\/b><span style=\"font-weight: 400;\">,<\/span><\/a><span style=\"font-weight: 400;\"> the online investment platform backed by JSE-listed Sabvest, offers an ultra-simple and low-cost way to invest in gold. With no monthly account fees and no sign-up fees you can start investing with as little as R500 as a one off investment. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The only fees that are charged are a low 1% buy and sell fee making<\/span><span style=\"font-weight: 400;\"> it the easiest and most cost-effective way to get exposure to the precious metal.<\/span><\/p>\n<ul>\n<li><a href=\"https:\/\/www.revix.com\/?utm_source=Business%20Tech&amp;utm_medium=August%20Article%201&amp;utm_campaign=August%20BAU&amp;utm_content=Link%202\" target=\"_blank\" rel=\"noopener noreferrer\"><b>Invest in gold with Revix<\/b><\/a><\/li>\n<\/ul>\n<h3 class=\"my-4\"><b>Is now the time to invest?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">New York investment bank Goldman Sachs is raising its price target for gold while sounding the alarm about risks to the U.S. dollar.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a note to clients Tuesday, the bank reaffirmed its position of gold being &#8220;the currency of last resort&#8221; amid uncertain economic conditions, raising its price target for gold to $2,300 per ounce after a surge to record levels earlier this week.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The bank tied the metal&#8217;s rally to a &#8220;potential shift in the U.S. Fed towards an inflationary bias against a backdrop of rising geopolitical tensions, elevated U.S. domestic political and social uncertainty and a second wave of Covid-19 related infection.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;Combined with a record level of debt accumulation by the U.S. government, real concerns around the longevity of the U.S. dollar as a reserve currency have started to emerge,&#8221; the note explained.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;Gold is the currency of last resort, particularly in an environment like the current one where governments are debasing their fiat currencies and pushing real interest rates to all-time lows,&#8221; the bank said. &#8220;With more downside expected in U.S. real interest rates, we are once again reiterating our long gold recommendation from March.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Sean Sanders, the CEO of <\/span><a href=\"https:\/\/www.revix.com\/?utm_source=Business%20Tech&amp;utm_medium=August%20Article%201&amp;utm_campaign=August%20BAU&amp;utm_content=Link%203\" target=\"_blank\" rel=\"noopener noreferrer\"><b>Revix<\/b><\/a><span style=\"font-weight: 400;\">, added \u201cWhile gold hasn\u2019t been among the more attractive areas to have put capital over the last 15 years, today you\u2019ve got a big safety play underway. Think ahead to what the world will look like in 2 or 3 years time with all this new money floating around and ask yourself whether you would rather hold rands or gold?\u201d\u00a0<\/span><\/p>\n<ul>\n<li><a href=\"https:\/\/www.revix.com\/?utm_source=Business%20Tech&amp;utm_medium=August%20Article%201&amp;utm_campaign=August%20BAU&amp;utm_content=Link%204\" target=\"_blank\" rel=\"noopener noreferrer\"><b>Invest in gold with Revix<\/b><\/a><\/li>\n<\/ul>\n<h3 class=\"my-4\"><b>How to invest?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Through Revix\u2019s online platform you can invest in<\/span><span style=\"font-weight: 400;\"> physical gold held in fully insured LBMA London vaults and not have to worry about the custody and insurance burdens of physical ownership. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Revix offers a Paxos\u2019 gold token which is backed by one fine troy ounce of the highest quality LBMA gold and, unlike other investments, Revix enables you to buy and sell your gold holdings whenever you choose &#8211; whether that\u2019s in a couple of hours after purchase or in many years\u2019 time.\u00a0<\/span><\/p>\n<h3 class=\"my-4\"><b>About <\/b><a href=\"https:\/\/www.revix.com\/?utm_source=Business%20Tech&amp;utm_medium=August%20Article%201&amp;utm_campaign=August%20BAU&amp;utm_content=Link%205\" target=\"_blank\" rel=\"noopener noreferrer\"><b>Revix<\/b><\/a><\/h3>\n<p><span style=\"font-weight: 400;\">Revix brings simplicity, trust and great customer service to investing. Their easy to use online platform enables anyone to securely own the world&#8217;s top investments in just a few clicks. <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Revix guides new clients through the sign-up process, to their first deposit and first investment. Once set up, most customers manage their own portfolio, but can access support from the Revix team at any time.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For more information, please visit <\/span><a href=\"https:\/\/www.revix.com\/?utm_source=Business%20Tech&amp;utm_medium=August%20Article%201&amp;utm_campaign=August%20BAU&amp;utm_content=Link%205\" target=\"_blank\" rel=\"noopener noreferrer\"><b>revix.com<\/b><\/a><\/p>\n<blockquote>\n<h3 class=\"my-4\"><strong>DISCLAIMER<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">This article is intended for informational purposes only. The views expressed are not and should not be construed as investment advice or recommendations. This article is not an offer, nor the solicitation of an offer, to buy or sell any of the assets or securities mentioned herein. <\/span><span style=\"font-weight: 400;\">Past performance is not necessarily indicative of future results. All investments carry significant risk and all investment decisions of an individual remain the specific responsibility of that individual. <\/span><span style=\"font-weight: 400;\">You should not invest more than you can afford to lose and before investing, please take into consideration your level of experience, investment objectives, and seek independent financial advice if necessary.\u00a0<\/span><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Gold breaks through $2,000 for a new all time high &#8211; Here\u2019s why there\u2019s more room for gold to run.<\/p>\n","protected":false},"author":57,"featured_media":423020,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[14849],"class_list":["post-423014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-revix"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/423014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=423014"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/423014\/revisions"}],"predecessor-version":[{"id":423156,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/423014\/revisions\/423156"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/423020"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=423014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=423014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=423014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}