For Long-Term and Short-Term Investors Alike, Our Live Gold Price App Is a Must-Have Tool
When you start planning your precious metal investments, how can you know that you are ‘buying low and selling high,’ as the old investing mantra encourages you to do? With the Australian Gold Dealers AGD Precious Metals mobile application, the answer is as simple as pulling out your smartphone.
Whether you consider yourself a long-term investor, a short-term investor or somewhere in the middle, you will find a use for the AGD Precious Metals app. The application is both a live gold price app and a historical gold price app. In other words, you can either use it to check up-to-the-minute gold trading prices or use its historical data to check back on the past 10 years of gold pricing data. In addition to gold, the app also displays pricing information and history for silver and platinum.
Using the AGD Precious Metals App as a Long-Term Investor
If your game in precious metals is long-term investing, then you are likely looking to buy gold, silver or platinum in bulk. With precious metals, long-term investing is a terrific way to protect your wealth and ensure that your money retains its purchasing power. As such, you might be looking to put a considerable amount of your money into gold or other precious metals. That way, you will have insurance against economic recessions or currency fluctuations, as well as against major stock market shifts.
For this kind of long-term investing strategy, having an app to track gold price is beneficial both for purchase and sale. With live pricing updates, you can make sure you are getting a fair price when you buy gold—an important consideration especially if you are making a sizable investment. With historical data, meanwhile, you can look at pricing from the past few weeks, months or years. Using this information, you will be better equipped to strategise your purchases and sales.
Using Our Live Gold Price App for Short-Term Investments
If you are a short-term precious metals investor, your game is even more about buying low and selling high. Needless to say, a gold price app is an extremely helpful tool for accomplishing this mission. With the AGD Precious Metals app, you can review historical gold data from over the years to get a better sense of what ‘high’ and ‘low’ prices even look like.
Next, you can take a look at more recent data—including live price updates—to see if gold prices are currently trending upwards or downwards. If gold prices are in the middle of an upwards trend, you might be in the perfect position to buy some assets and sell them in a few days or weeks for a small but quick profit. Alternatively, if you own some gold assets and notice that gold prices seem to have plateaued, you might use that information as a trigger to liquidate some or all of your gold bullion.
The bottom line is that any precious metal investor can benefit from using the AGD live gold price app. If you are interested in trying out the app’s gold price insights to help with your investment strategy, click here.