It has been interesting for gold investors. After surpassing its all-time high, Gold rested in the $1,900 range before dropping to the $1,800 range and returning to $1,900.
This volatility inspires investors to ask, When is the good time to buy Gold? Should you still be buying Gold? Is there anything left to gain? Or perhaps, is it time to cash out that gold investment?
First, don’t panic. Pullbacks are common and expected. It is valid for every investment you will make. There is not a single investment that will be constantly bullish.
With that said, the price shifts of Gold in the last several years are, by no means, wild. In fact, now is the best time to buy Gold because we are in the midst of the perfect time to buy Gold.
Gold’s rising potential for industrial uses is one of the reasons people should invest in Gold now. Second is the political, economic, and social instability.
Key Takeaways
- There is an increase in demand for communications devices such as phones, data servers, and computers.
- The rapid development of medical research using Gold to cure cancer is booming.
- Experiments in aerospace exploration are happening too.
- There is consistent worry and uncertainty surrounding the US dollar. Social unrest is driving investors to buy Gold.
Electronic Devices Need Gold
Gold makes an excellent investment, but it’s also an efficient material for making phones, data servers, and computer electronics.
Gold is a skillful conductor that doesn’t corrode. Electronic components made with Gold are highly reliable. Connectors, switches, and relay contacts rely heavily on Gold. Soldered joints, connecting wires, and connection strips use Gold too.
A small amount of Gold is in almost every electronic device, including cell phones, calculators, global positioning system (GPS) units, and small electronic devices. Most large electronic appliances such as television sets also contain Gold.
Now, it is not only cellphones but also computers and processing systems using Gold. These processing systems contain essential data that businesses use to run their businesses and analyze their sales, markets, and opportunities.
Data analysis management is and will continue to be critical. None of that will be possible with Gold and other precious metals.
Annually, 1.38 billion smartphones sell. A little less than $2 worth of Gold is in each phone. That translates to $2.5 Billion worth of Gold consumed annually by the phone industry.
There are approximately 275 million units shipped worldwide by PC vendors for computers. Each device uses $12 worth of Gold, translating to $3.3 Billion worth of Gold just for computers.
Right now is the time to get into Gold and take advantage of the phone and computer industry demand.
The Medical Industry Is Using Gold
Don’t forget about the medical industry. The medical industry is one of the many industries that discovered the value of Gold.
For years, efforts to find the cure for cancer have been on overdrive. One result of such effort is the use of metals as a cure.
Platinum compounds are well established in current cancer chemotherapy. But has severe side effects and resistance development.
That caused Gold to come into the picture as a possibly better alternative. As we mentioned, Gold doesn’t interact with most compounds and doesn’t corrode, making it essentially non-toxic to the body. An evolution like this attracted many medical experts and researchers. They developed gold-based molecules that target cancer cells only.
Given that Gold does not corrode, it leaves healthy cells unharmed. Pre-clinical studies have shown the molecules were up to 24 times more effective at killing cancer cells than the widely used anti-cancer drug cisplatin.
Gold is also better at inhibiting tumor growth. It’s exciting and amazing but, believe it or not, not surprising.
Gold could help heal muscle injuries in the human body too. According to Medical News Today, gold nanoparticles attached to natural anti-inflammatory agents, work well on inflammation and help treat muscle injuries.
The bone and joint initiative report that 77% of all injury health care visits are for musculoskeletal injuries in the US. Roughly $176.1 billion are spent on treating musculoskeletal injuries annually. That’s 65.8 million people that Gold could help.
Development occurs at breakneck speed in fields like cancer research and infection prevention.
Pharmaceutical companies are continually experimenting with ideas involving Gold somehow, and its therapeutic properties gradually become more apparent.
Cancer research is probably the central area of growth. Annually, there are more than 18 million cancer diagnoses. That’s another 18 million people who could potentially need Gold.
And soon enough, robots made with gold and silver will operate on people. Their goal is to make abdominal surgery faster, easier, and subject to fewer complications, starting with hernia repairs.
Using robotic surgery, surgeons can perform delicate and complex procedures that may have been difficult or impossible with other methods. Often, robotic surgery makes minimally invasive surgery possible.
According to The Lancet, a medical research company, there are 313 million procedures done yearly. That’s 313 people that could benefit from gold and silver.
As more research is done, the more gold doctors will need. The more gold that is required, the higher the demand. And this demand is happening right now. So now is the time to invest in Gold to take advantage of a potential price increase.
Gold In Outer Space
You have to look at what the aerospace industry is doing too.
Last year, we reported that NASA planned to produce oxygen on Mars. The device they developed is called a Moxie. Well, NASA succeeded.
The Perseverance rover successfully turned carbon dioxide into oxygen in a planned test. Yes, a machine, Gold being a major component, made Earth life possible on another planet.
The Moxie managed to produce 5.4 grams of pure oxygen in an hour. That’s enough to sustain an astronaut for about 10 minutes. In future tests, MOXIE should have 10 grams of oxygen per hour, with nine more tests planned over the next Martian year, which is two Earth years.
Now, the next step is for them to scale up. This technology could one day make human missions to the Red Planet possible. NASA said that astronauts who spend a year on the surface would use one metric ton between them for breathing.
Such missions to Mars are likely more than a decade away. But proving technologies like MOXIE makes them all the more plausible. The technology that evolves from what NASA has been able to do here will be the grandchildren descended from the success of the MOXIE instrument. And guess what, Gold is a major part of it.
As if the demand from the medical industry, dentistry, and electronics is not enough, aerospace is now joining the competition for Gold. So, if you have faith in technology and human ingenuity, you should invest in Gold now because that’s what we need for any technology possible.
The US Dollar
Seeking Alpha Journalist, Jan Nieuwenhuijs’ estimated that the U.S. dollar has lost 99% of its value against Gold since the 1930s. Other reserve currencies such as the British pound and the Japanese yen have worsened.
In 1932, the price of Gold was $20.67 per troy ounce. Today, it is hovering in the $1900 area. That’s a 99% decline in the dollar’s value against Gold. The yen has lost 99.98% of its value against Gold in 100 years.
That’s a 99% decline in the dollar’s value against Gold. The yen has lost 99.98% of its value against Gold in 100 years.
One of the most common criticisms of Gold investing is the lack of yield. You won’t earn anything unless you “lend” it or sell it.
That is true. However, Gold, as an investment, was never designed for that. Gold’s purpose is to freeze the value of your asset. So, the value of whatever you can buy for $10,000 now, if you invest that in Gold, decades from now, you will still be able to afford the same thing.
That’s why Central banks worldwide are still heavily invested in Gold. They keep on adding to their reserve despite its price reaching all-time highs. When the price of gold rises, central banks are more inclined to hoard Gold and spend currency that declines in value.
Central banks believe that keeping good assets, or assets that increase in value and spending fiat currency that devalues, would increase the value of their wealth.
If you spend the money or fiat currency, that helps stimulate the economy. When the economy produces, the value of certain assets, like Gold, goes up.
In other words, the price of gold goes up by the same amount that consumer prices rise. That’s how it freezes its value. Gold’s purpose is not to make you a millionaire, but it will freeze the value of your asset.
No insurance or certainty is surrounding the US dollar right now, especially during the recent economic stimulus.
Money Printing Party
At the beginning of 2020, a money printing party was happening, and the entire nation attended. Well, about everyone.
The government issued rounds of economic stimulus to the entire country and helped those in need.
Sure, it was aid that many needed during the COVID-19 pandemic, but it was a scare to our economy. In fact, it was the worst dollar value we have ever seen since May 2018. The USD index against a basket of fiat dropped from 93.42 to 92.82 on July 30.
Governments printed more money to help the economy. The logic is simple. If people have money, they can spend more.
But the more money they print, the more the dollar loses its value.
So, it wasn’t exactly a surprise when Fed chair Jerome Powell told the press that the “pace of recovery looks like it has slowed”.
We’re not saying what the Fed is doing is an absolute sham. The Fed is doing what it can do, but what it can do is not a comprehensive solution to allow the economy to recover.
And we can’t stop the dollar from losing its value. But there is something we can do to protect what we have right now.
If you want to have peace of mind and know that no matter what happens in the economy, you have an asset that you can take anywhere in the world and will forever be needed, invest in Gold.
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