+1-786-628-7980
Sign Up/Sign In 
Why Gold Investors Are Turning A Profit During COVID-19 According to Investor Charles Reed Cagle
In a time when many investors are concerned about their financial futures, those who have put their money in gold may find that they’re doing better than expected. Gold and oil investor Charles Reed Cagle explains why the price of gold is climbing – even when the prices of other investments are declining fast. Cagle isn’t just an investor – he also has experience in the gold mining business and has watched the price of gold change over time.
According to Charles Reed Cagle, many people find comfort in the fact that gold is a tangible item. While an investor can’t physically hold a company stock (only a piece of paper that represents that stock), gold is different. When investments can feel unsafe, many people feel more comfortable investing in gold. Charles Reed Cagle says that interest in gold tends to rise when real estate, stock, and bond returns fall.
The economy doesn’t need to be in a complete downturn for the cost of gold to rise. When investors sense uncertainty in the economic markets and want to make an investment that they’ve seen perform well over time, gold is a top choice.
Over the past half-century, the price of gold has steadily increased, according to Charles Reed Cagle. While supply and demand are an important factor in the growth of any investment, gold retains value regardless of supply and demand fluctuation. Charles Reed Cagle says that both central banks and government vaults keep the demand for gold high.
While supply and demand factors aren’t everything when it comes to gold, it still matters. The production of gold has increased slightly in recent years, but acquiring gold is becoming more difficult over time. Charles Reed Cagle says that “easy gold” has already been mined, and the remaining gold is deeper in the Earth, requiring the use of increasingly expensive (and dangerous) mining techniques, driving up the price of the metal.
Charles Reed Cagle explains that often when the United States economy is struggling, gold prices tend to rise. When the economy isn’t doing well, people who invest in gold are more likely to turn a profit. When inflation increases, the price of gold increases as well.
When it comes to investments, Charles Reed Cagle recommends sticking with options that have proven successful in uncertain times.
