If you’re thinking about gold as a medium to long term investment, your mindset could see you reaping the dividends says one market strategist, who has advised that today’s price levels equal long-term value.
Savvy investors are buying while the gold bulls are hemmed in by the U.S. dollar and Federal Reserve monetary policy safe in the knowledge that gold will continue to gain in value over the next 12 months. “For anyone with a 12-month timeframe, this is a pretty interesting time to be looking at gold as a value play,” says portfolio manager, Stephen Land. “The Federal Reserve doesn’t entirely have control over inflation and as rates start to slow, the case for gold and its role as an inflation hedge becomes a little clearer.”
Land adds that even a small change to the Federal Reserve’s rate hikes would feed bullish momentum. “Now is the time to position yourself for higher gold prices,” he adds.
