Investment Experiment: Week 2 Financial Weigh In

So who of you who are joining me with this experiment are panicking yet? Is your inner voice telling you to stay away from gold – after three weeks of coming down, that voice might be telling you to RUN away from gold, right?

This week, the gold price came down even further, so 0.1gram of gold cost me ZAR74.19. Today’s gold price is sitting at around ZAR580, so after 3 weeks this investment is currently sitting in the red by ZAR49.74.

Just hang in tight and ignore that little voice. The price of gold is coming down, it is cheaper, and now is a really great time to buy even more.

Have a look at the below graph that shows where it was ten, or even five years ago and you will see it is in an overall upward trend. The price you are purchasing gold at now, will be the price you will be wishing you could buy it at in five or even ten years from now.

 

Please watch the below video on my YouTube channel, it will give you a really great outlook on where the gold price is heading.

Click on the following link to start investing in gold today:https://www.karatgold.sg/?s=marrans 

The SATRIX40 fund is looking fantastic. Even after this week’s investment of R74. 19, the total investment is sitting at ZAR225.58 – which means it is running at a profit within just 3 weeks.

Value investors, such as Warren Buffet, always recommend and support investing in Index funds such as these, and I think it really is beginning to become apparent why. It already has had good growth within just a few weeks. The only question you should be asking yourself is - why haven’t you invest in this yet?

Go onto SatrixNow.co.za and start investing today. There is no minimum investment amount required, so you can literally start investing today, no matter how small your budget is.

Now a look at this week’s crypto currencies.

Because of the holidays, there was a delay in the clearance of funds into my crypto wallet, however this actually turned out to be a good thing. By the time the funds cleared, Bitcoin had dropped in price by around R4,000 – which meant it was much cheaper to buy.

And guess what? The value of Bitcoin has still grown sufficiently for us to be in the green with this investment too! Very exciting.

We are still in the red with Ethereum, but only slightly, and overall I’m pretty happy with both of these two investments so far.

To start investing in crypto today, click on this link: https://www.luno.com/invite/73MNGD