Six good reasons you should hold gold

Six good reasons you should hold gold - at Moneyweek.co.uk - the best of the week's international financial media.

The gold price has risen 44% in the last three years. Despite corrections along the way, gold seems to be at the start of a real bull market. Has the yellow metal's day finally come? Yes, says veteran gold investor Doug Casey.

Over the summer, the gold and silver prices both suffered significant price corrections and, last week, after a nice run up, prices corrected again - along with those of most of other metals. That scared a lot of people. Every time there's a drop, they think the metals bull market is over. I don't think it is. Markets fluctuate more or less randomly in the short run, which helps account for why 95% of futures traders walk away losers. People with such a short time frame shouldn't be in the markets; they should go to casinos. The key is to identify major trends in the markets, understand why they're occurring, and stay with them for as long as possible. Jitterbugs who worry about daily movements will eat their capital up with commissions, taxes and spreads.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.