An expert explained when you can invest your savings in gold and when you can’t.
The comment was shared by economist and leading expert of the Center for Political Technologies Nikita Maslennikov.
On the first day of August, gold for the first time in history broke the barrier of $2.5 thousand per troy ounce. Experts say that this is not the limit, so many are thinking about investing in this asset.
An economist warned that investing money in gold could be dangerous if a person does not have special knowledge, reports Moscow 24 .
There is no such thing in the market where the price is constantly rising. There are periods of decline when the value of an asset decreases, causing panic among some investors.
Maslennikov classified gold as a volatile asset, i.e. the price can change significantly and sharply in a short period of time.
Therefore, you can invest only if you understand the market dynamics. If you don’t, there is a risk of going into the red.
According to the economist, gold will continue to grow for some time, but the situation will change by autumn. This will be facilitated by the US presidential elections.
