You must have noticed that the gold prices have fallen in recent times, but how is that a good thing? Well, the technical indicators are signaling that everyone should buy gold for a short term basis and this is a golden opportunity for the investors. Not always you will find a chance to buy valuables at a dipped price and you should never let it go, once you get it.
Some of the factors which contribute to the assessment are the strong PMI data from China which shows that there is a good jewelry demand as well as the gold dump in Venezuela which is valued to be at $ 400 million. For the last few days, it has been an attractive opportunity for gold buyers. you will need to buy when the countries are busy liquidating their assets. This is done before there is a change in the government and this time is really valuable for the investors. The central bank of Venezuela in recent times has sold all of their $ 400 million worth of gold which they had.
The reason is that the only thing that Venezuela has is gold and they went in to liquidate anything they have with the US dollars. This is why the gold prices have fallen making the investors jump in this never seen before the opportunity to improve their assets. So if you too are planning to multiply your riches then this is a good time for you to buy gold as its price has fallen down worldwide. However, it is good for a short term investment and the long term profits are not really clear as of this point. So go, buy that bar of gold you always wanted to.
