Don’t buy all your gold at once
The price of gold has been trending up over the past several years. I’m thinking this is just starting and the price will go much higher. So the usual question is when is the right time to buy and how to do it? Well, as with any investment, the path is not a linear one. There will be corrections along the way, some major and some minor. To avoid buying all your gold coins at a price peak, an expert suggests dollar cost averaging. This means that when you buy your gold, do it in chunks over-time. This way of spreading your purchases over time is a way to diversify against the risk of buying at wrong time. Though experienced gold investor tend to time the market, this process of dollar cost averaging makes sense for most of the gold investors.
