The best time to buy gold coins for investment
Often, before investing in gold or while planning gold investment, many focus on finding out on the best time to buy gold to ensure that we get the most cost-effective deal possible in that time frame. Some even wait for some auspicious occasions to invest in gold in order to attract the good fortune that the gold purchased on these days brings with it. Many believe that purchasing 1, 2, 5 or 8gm purity gold coins on Akshaya Tritiya or Dhnateras brings good luck.
But since we are looking forward for an investment and not for the good luck, these factors must not influence our time to buy an 8gm gold coin or the bigger ones. Rather, to find out the best time to buy gold must be based on the financial analysis, our budget availability and market research.
There are many sorts of market trend lists available on many online forums or trade magazines that can help you to find out the best time for investment into 8gm gold coin 999 purity. You can also buy even bigger coins depending on your budget. You must first be clear about the amount of gold that you are planning to buy, because with this, you can calculate the margin between the lowest prices of gold in the recent times and the highest. If the margin is such that it accounts for a bigger amount relative to your purchase, then you must wait for the right time.
On the other hand, if you are planning to buy small amounts like 999 purity 8gm gold coins that have negligible differences, then I would suggest not to wait, because once you buy it, definitely its value starts increasing from day one. So in order to find out right time, you must first analyze the details of your purchase and also calculate the difference that you'll be able to save if you wait for a time when the prices go a bit in the downward direction.
Also, if you are a regular or periodic buyer, then you can analyze the gold price trend over a year to find out the times when gold prices fluctuated on the downward side. By observing the trends of past three to four years I am sure you'll come up with good results. You may also come across few facts like the gold prices are lower at certain time, for example during elections. But these are the fundamentals which do not have a strong base. However, investing in smaller 8gm gold coins, any time is the right time unless you are sure about a certain and considerable dip in the price in the near future.
So I would suggest you to track the prices through newspapers and forums regularly and thus, best time to buy 8gm gold 999 purity is the one when gold prices are quite low as compared to its prices in the previous days. If you follow these tips, you'll surely make a god investment through your 999 purity 8gm gold purchase.