Page 95 - Introduction to investing in Gold

This is the start, not the end, of your journey. Firstly, here’s a summary of the ongoing work. Don't worry, I know it looks like a lot, but if you decide to sign up for my Gold Program, I can walk you through it - try and make your life a little easier!
Ongoing work
Figure out what level of risk works for you; do you want high, medium or low risk? Or perhaps a combination of all three?
Be clear on the level of risk you are taking (this can be extremely high for junior explorers). Is your plan consistent with the risk you’ve chosen in point 1?
Only invest in companies with the kind of risk profile you’re comfortable with – don’t get sucked into the potential returns. The risk has to be right for you.
Become aware of the ongoing interest and inflation rates as well as any other factors that impact the value of your investments.
Ensure you are aware of your own personal rate of inflation. I know you’re busy, so perhaps work out the two or three things you spend most of your money on and track those (the headline rate is based on a basket of goods that may have little relevance as to how you spend your money).
Regularly review your business plan for each project – does it still make sense? Especially check the assumptions you’ve made.
Don’t only keep in touch with your side of the deal but also the other. Has anything changed that works for or against you? For example, if you have a property, has a popular restaurant closed, a new school or gym opened? It may not be relevant for you, but it might be for your tenants. Look at where you are in the cycle (don’t fall in love with something that can’t love you back).
Always look at your investments from different angles.
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