The year is ending as soon as again as we quickly approach what is usually seen as the worst time to purchase and sell gold and silver. Numerous investors, both old and new, have recently begun to ask themselves why October is seen as the time of year that is worst for buying these valuable metals. That is why we are going to take a look at the historical information in addition to other aspects that have given October this unreasonable designation and why there is nothing to be stressed over when it pertains to purchasing these products.
A Historical Loss
One of the things that have fueled the belief that gold and silver are bad purchases to be made in October is the historical losses that have taken place in this month. One of the most famous would be Black Tuesday, an enormous stock loss which is viewed as a main cause behind the Great Depression. Before then, there was the October Panic of 1873, Black Monday in 1987 and a variety of other economic downturns that have taken location in this month and still have a preconception today.
A Grain Of Truth
Of course, as with most myths, there is a grain of fact to be discovered in the idea that October is a bad month for the Stock Market and financial investments of any kind. This often takes place before the holiday months so that the markets are capable and fresh during times of heavy sales traffic.
Buying Gold And Silver
The year is coming to a close as soon as again as we rapidly approach what is usually seen as the worst time to purchase and sell gold and silver. With the exception of the various economic crises that occurred throughout October, there is no factor to fear buying gold and silver during this month. If you are an individual that is worried about losing money in other areas or in specific currencies, you can simply purchase into gold and silver to keep your cash in a physical product.
Like any other market gold, rate and silver tend to change with the international market. With the exception of the different economic crises that happened throughout October, there is no factor to fear buying gold and silver during this month. All current information that was put together over couple of years continues to suggest that the costs of gold and silver will dip in the fall and gain traction towards the end of the year.
That being mentioned, there is a fantastic reason to tackle purchasing gold and silver at this time of the year. If you are an individual that is stressed over losing money in other locations or in particular currencies, you can simply purchase into gold and silver to keep your cash in a physical product. When it is financially beneficial to do so, this will allow you to cash out the gold in a time. While it certainly does not appear that the market is going to have the bottom fall out at any time quickly, hedging for the most recent round of inflation with rare-earth elements is always a beneficial venture.