The gold rush seems to gain strength during the second and last half of 2023. Chains like Costco, for example, were encouraged to sell bullion and the results were excellent. Now, if you were one of those who bought the precious metal in one of its stores, perhaps you are wondering at what price you will be able to sell it in 2024. Here we tell you.
Retail chain Costco began selling gold last summer. PAMP Suisse Lady Fortuna Veriscan 1 ounce gold bars were sold with complete success. Of course, to purchase them you must be part of their membership. Meanwhile, its price was estimated at around $1,900.00 USD.
Investing in gold again is a bet on the future. It is an ideal way for your money to grow as the years go by. Hence, many used their savings to acquire several bars and hope that in a short time their budget will multiply.
Buy gold and sell gold in 2024
The current price of the precious metal is higher than in previous years. For example, in October 2018 it was trading at $1,200.00 USD per ounce. It is now worth $1,874.00 USD, a substantial increase that investors see as a good omen.
Those who decide to invest in this precious metal today analyze a relevant comparative data. If you bought gold five years ago and sold today you would earn more than 50%. For example, if you allocated $10,000.00 USD, you would now get just over $15,000.00 USD. Round business!
Given the current panorama, experts estimate that gold could exceed the $2,000.00 USD mark by next year. Analysis indicates that by then the price of the bullion will be $2,100.00 USD.
Gold is a perfect anchor that will allow you to diversify your portfolio, without taking big risks. Therefore, it is recommended to dedicate no more than 10% of your budget to it.
