We are often asked "is investing in precious metals a good idea during periods of inflation?". We firmly believe that making an investment in precious metals at the right time and in the right circumstances can be a good idea. An investment in precious metals should be considered as a more long term investment rather than a shorter term investment.
The good thing about investing in precious metals is that historically this type of investment has been a good means of of hedging against inflation and deflation. Gold and other precious metals have been seen as a safe place to protect your wealth. At times we have seen very good growth and certain over a longer period years rather than weeks Gold prices have risen.
Typically we see gold price rise in troubled times such as wars periods and conflicts, crashes or threat to the stock market or in times of political uncertainty.
At the current time 10/19/2021 gold price are at a relative high and some analysts are saying they are likely to go down. Silver on the other hand might be a better investment as the price of silver is relatively low.
IN summary yes Gold investment in times of inflation can be a good way of hedging inflation over a longer period.