Forex trading can be exciting. It’s a fairly unique form of trading, and a high-energy market. Here’s how you can get started…
When it comes to gold and currencies and holding value, some will tell you that gold – against the price of a loaf of bread – has held its value since Biblical times. During times of volatility in other markets or in crisis, it becomes the go-to safe haven.
Gold and other precious metals provide a store of value outside of fiat currency. But as investors, we deal with currencies on a daily basis. And when it comes to global investing, the outlook for a foreign currency paired with your home currency becomes critical.
The key is to understand the drivers of value for gold and precious metals, along with the ravages of inflation that may erode the value of fiat currencies over time.
Outlook for gold and silver
Quantitative easing and other ‘money printing’ type machinations by central banks, have led to increased concern over the value of money.
This has led to increasing interest in gold, silver and other precious metals as a store of value.
At the same time, low interest rates – ‘cheap money’ – continue to push stock and asset prices to dizzying levels. Some investors are nervous of a coming crash. Bigger than we’ve ever seen before.
Gold can provide a safe haven. Although it’s not readily usable as a means of exchange. Which is why we’re also seeing new rises in cryptocurrencies as a possible alternative hedge.
Globalization has hurt many industries in the developed world. And populist leaders are fighting back with tariffs and other measures.
Some say big export countries like China have been manipulating their currency for years.
Either way, when you’re investing globally, the pair between your home currency and the offshore one becomes vital.
A currency pair is expressed like this: GBP.USD.
In that case, you can either sell GBP for USD, or buy GBP with USD at the going rate.
After the Brexit vote in the UK, GBP softened against many of the other major currencies. Then it rose again with news on a deal. Falling when that became less clear.
In volatility there is opportunity. There is also risk. So foreign exchange can also drive return.
But for those looking to avoid volatility, it often comes back to gold. And its these dynamics between precious metals, currencies and now – cryptocurrencies that we’ll be keeping you abreast of.
The COVID-19 crisis has some people scrambling for gold. But be cautious. Here’s our critical look what the mainstream media isn’t telling you…
What does reopening our economy mean for global assets like forex, gold, oil, and cryptocurrency? This exclusive guest post from PrimeXBT does a deep dive.
Is the worst of the pandemic already over? From stocks to property, we take a deep dive and explore which assets will benefit from a recovering economy.
You want to protect and grow your wealth. That’s why you’re focused on stocks and property. But are you overlooking the benefits of currency exchange?
Gold offers no yield, but it remains attractive today as a hedge against uncertainty. Should you consider it? Here is our exclusive analysis…
It’s the latest edition of our podcast and radio show. Join our panel of experts as they discuss how the price of oil is impacting the global economy.
The obvious place for your money during this deflationary period is gold. Gold you can hold in your hands. That is, if you can get some…
Fear is in the air. Stocks have plunged. The economic loss is huge. Here’s why gold could be the perfect solution for market jitters.
The Reserve Bank of New Zealand has kept the OCR at 1% for now. Here’s why fiddling with interest rates is a more difficult task than you might think.
Inflation is the great destroyer of monetary value. Yet, at various times throughout history, governments have welcomed it. Here’s why.
Have you ever heard of Executive Order 6102? Most people haven’t, but it’s one of the most profound mistakes in American history.
What if sending and receiving cryptocurrency payments could be as easy as using a credit card? That’s what BitPay offers.
Everybody loves an economic expansion. Probably none more so than Trump. But is he actually overreaching by taking credit for it?