War Breaks Out: Time To Heavily Invest In Precious Metals

War Breaks Out: Time To Heavily Invest In Precious Metals

Last week I invested in a Silver Kilo bar which was sent to my safety deposit box. It was a wonderful addition and one that is really important today especially with war breaking out. Like many investors, I’m watching markets twist themselves into knots as war breaks out and watching the banks scramble. In this climate, you need a tangible asset that doesn’t rely on anyone else’s promise to perform. Gold is the oldest form of money on earth and is still a great way to protect your financial position.


image source

ABC Bullion

ABC Bullion is a globally known gold dealer and recognised as one of the best and trusted, so purchasing gold from a reputable dealer is a must to ensure you are getting the purest gold. ABC Bullion will also buy back your gold should you need access to quick money.

ABC Bullion is about as local and as trusted as it gets. The Sydney based dealer has been trading continuously since 1972 and is now Australasia’s largest independent bullion dealer, recognised as the bees knees of the physical gold market here in Australia.

Its bars are manufactured by ABC Refinery, the only Australian refinery accredited by both the London Bullion Market Association (LBMA) and the Shanghai Gold Exchange, so their products meet the strict “Good Delivery” standards prized by wholesalers and private investors alike.

ABC’s signature cast bar line ranges from ½ oz slivers right up to 400 oz “good delivery” bricks. For newcomers the 1 oz bar is the sweet spot which is large enough to matter, small enough to sell in a hurry, and priced at only a few dollars above the spot metal price thanks to ABC’s tight trading spreads and optional free vaulted storage.

That spot price has been surging. Gold briefly broke above USD 3,500 (about AUD 5,300) in April an all time high before consolidating around USD 3,346 in mid June, still 46 percent higher than a year earlier.

The U.S. strike on Iranian nuclear facilities on 23 June pushed oil and safe haven buying higher analysts are warning that any Iranian retaliation could rattle shipping routes and heap fresh volatility on equity markets.

Sovereign buyers hoovered up a record 1,037 tonnes last year and remain net purchasers in 2025 which mean that even governments want insurance.

With the Aussie dollar losing purchasing power, holding an asset priced globally in U.S. dollars is a simple hedge especially as Metals Focus projects only a 1 percent rise in global mine output this year, hardly enough to swamp demand.

Financial markets hate uncertainty, and wars tend to dish out plenty. Conflicts can ignite commodity spikes, break supply chains and blow out government deficits all kryptonite for equities and bonds. A direct hit to shipping in the Strait of Hormuz, for instance this could send oil past USD 120 and inject fresh inflation into every economy that buys energy (which is to say, all of them). Investors typically flee to the “three classics” cash, U.S. Treasuries and gold. When inflation is already elevated, only gold offers safety and real asset upside.

Never been more important to stack than today!

image sources provided supplemented by Canva Pro Subscription. This is not financial advice and readers are advised to undertake their own research or seek professional financial services

Posted Using INLEO



0
0
0.000
2 comments
avatar

Gold price is at peak rate, even though it is perfect time to buy as in future the price of gold will be Skyrocket...

0
0
0.000