Investors, enthusiasts, and curious minds tuned in recently for the “How to Invest in Gold Webinar 2024,” co-hosted by Bullion Club and Money Magpie. The virtual event brought together industry-leading experts to explore the ins and outs of gold investing, with insights into geopolitical influences, market trends, and strategies to navigate this ever-resilient asset class.
Highlights from the Panel
1. Geopolitical Drivers and Gold’s Ever-Increasing Value
Rachel Rickard Strauss, Money Editor for the Daily Mail, kicked off the discussion by analysing how macroeconomic factors, like geopolitical uncertainty and inflation, continue to propel gold prices to record highs. With gold recently hitting £2,060 per ounce, Rachel emphasised that the metal often defies traditional economic rules due to its dual role as an emotional hedge and a tangible asset.
2. Central Bank Moves: A Signal for Individual Investors?
Harry Thorne from Bullion Club explained how central banks worldwide are stockpiling gold to diversify their reserves and reduce reliance on the US dollar. “Success leaves tracks,” Harry stated, urging individual investors to follow the lead of these financial giants and secure their financial future with physical gold.
3. Gold as an Emotional and Practical Safe Haven
Harry also noted the psychological comfort many investors derive from holding gold during uncertain times. Following the chaos of COVID-19, more investors are drawn to the control and intrinsic value that physical gold provides, particularly as skepticism toward fiat currencies and banks grows.
4. Digital vs. Physical Gold Investments
The webinar explored modern alternatives like digital gold and ETFs. While digital options provide convenience, many panelists agreed that physical gold offers unmatched security and emotional reassurance—especially during times of economic instability.
Why Gold Now?
Gold continues to demonstrate its resilience as a hedge against inflation, geopolitical strife, and financial uncertainty. Experts highlighted several key points:
- Geopolitical Unrest: Global tensions, such as the ongoing Ukraine conflict and strained US-China relations, keep demand for gold as a safe haven high.
- Central Bank Influence: Emerging market countries are “de-dollarising,” fuelling unprecedented gold purchases.
- Potential for Growth: Predictions for gold in 2024 are bullish, with some panelists suggesting prices could reach £2,500 per ounce or higher within the year.
A Personal Touch from Bullion Club
Harry Thorne stressed the importance of trust and personalisation in gold investing. Unlike anonymous “gold by post” companies, Bullion Club priorities face-to-face client relationships and secure storage solutions. Whether clients want their gold delivered or stored in state-of-the-art facilities, Bullion Club ensures peace of mind.
What’s Next for Investors?
With gold’s trajectory looking strong, now may be the perfect time to diversify portfolios with this timeless asset. As Harry Thorne aptly summarised, “Gold is the only globally recognised currency that holds its value no matter where you are dropped in the world.”
For those seeking tailored advice or wanting to explore gold investment opportunities further, Bullion Club offers consultations to help you make informed decisions.
