The best thing of having your own blog is that you can choose what you want to write about.
So I decided to start with a new subject of series of articles related to investing in general, to see how it goes.
So far, until I finish developing my own prediction software, my suggestions and analysis will be based on my instict and intuition. And just to be clear, those will be just my opinions, I'm not suggesting anybody to follow my advice and invest their money, I'm only doing this for fun. So this is my disclaimer.
Today I'll speak about investing in gold.
The first thing I have to do is whine a little, as I've been honeyng the idea of investing in gold for a while, but I didn't made it public nor did anything in the real world such as investing in gold myself. I think there is a huge crisis on the way and the default refuge for investors is gold, so I had foreseen it would increase its value significantly.
The currency war between China and USA, and the likely response from the EU, where new devaluations of the Euro are expected to keep the EU competitive to export their goods versus the other two mentioned, have accelerated this movement from investors to seek refuge in gold, and so the price has spiked in the last days.
Currently, its price is around $1500 per ounce.
As you can see in the previous graph, obtained from https://oro.bullionvault.es,
the price has evolved from $1440 per ounce the 5th of August to 1498 the 9th (it even reached more than 1500). In summary, it has increased its value in more than $58, or about a 4%, in just 4 days.
Not bad, many investment funds are still in negative values for the year.
In conclussion, in my opinion, this is not the moment to invest in gold, as many investors have already done so and the price is quite high at the moment, so I don't think it is an interesting investment for the moment.
We'll see if my intuition is right or not, as it is all written here!
