What is the best gold investment company

Gold: price falls, Dax rises - what's next with the gold price?

Gold is considered a safe haven in times of crisis. But that doesn't mean that the price of gold will always go up. The price of gold is currently falling again.

In times of crisis, the demand for gold increases regularly because the precious metal is a safe haven for many investors. This was also evident during the corona pandemic. The gold price rose by almost 25 percent in 2020 and reached a historic high of 2,067 US dollars (around 1740 euros) for the troy ounce on August 6. Despite falling twelve percent in March 2020 as the pandemic outbreak rocked the markets, gold prices rebounded and ended the year as one of the best-performing assets, despite many stock indices making or exceeding all-time highs. What will happen to the gold price in 2021, is it worth investing?

How will the gold price develop in 2021?

After the gold price rose sharply in the first few days of 2021 and climbed from 1898 US dollars at the end of 2020 to over 1950 US dollars per troy ounce, the gold price fell again shortly afterwards. In the first days of March 2021, the development accelerated. The setback in the price of gold is mainly explained by a recovery in the US dollar.
Even last year, the gold price was by no means continuously up, but there were large price fluctuations. According to the World Gold Council, the annualized volatility of the gold price reached 20 percent in 2020, its highest level since 2013 and was thus well above the long-term average of around 16 percent. However, the volatility of most assets has increased over the past year.
The corona pandemic could ensure that many investors continue to bet on gold in the new year. Against this background, the gold price could rise again in 2021. Positive news from the economy, however, regularly dampens the demand for gold and thus depresses the gold price.

Why is gold considered a currency in crisis?

Gold is a rare commodity. That is why it has been in demand as a raw material or medium of exchange for thousands of years. With a gold coin, the owner always had something valuable in hand, regardless of the age in which he lived. In ancient Egypt, in ancient Rome or in the 21st century - gold was and is accepted always and everywhere. And unlike other asset classes, gold always remains worth something. The price of gold has never dropped to zero. In contrast, investors who have chosen the wrong bond, share or currency have already suffered total losses.
»Safe stocks: sleep peacefully in a stock market tremor

When times get particularly restless and there is great uncertainty about how the economy and share prices will develop, many investors “flee” to gold - and the gold price rises because gold reserves are limited. However, since gold has decisive disadvantages as an asset class, the trend will reverse again as soon as the overall situation calms down and the economic outlook improves. Then the gold price falls again - as it does now. This also shows that gold is not an investment with regular returns, but a speculation on the gold price.

Why does the gold price keep falling?

Positive news about the fight against the corona pandemic is responsible for the currently falling gold price. There are now several vaccines. These stir up hope that the pandemic can be contained in the medium term, that further restrictions on economic life worldwide can be avoided and that existing ones can be dismantled. In line with this, the Dax reached new all-time highs at the beginning of the year - there were price corrections on other stock indices, such as the Nasdaq.
»US Stocks: Who Will Benefit From Joe Biden's Election Victory?

The US investment bank Goldman Sachs is optimistic about the further development of the global economy despite recent restrictions in the fight against the corona pandemic. For the current year, Goldman Sachs expects global economic output to grow by 6.5 percent, as can be seen from the annual outlook presented at the Global Strategy Conference.
The $ 1.9 trillion aid program just announced by US President-elect Joe Biden to accelerate vaccinations and support companies, states, municipalities and individuals is also propping up the economy and could also boost the stock markets further in the coming months .

Does it make sense to invest in gold?

Experts recommend gold at best as a stabilizing addition to an investment portfolio - in the order of ten percent of the investment amount. Because the gold price often moves in the opposite direction to the stock market, gold can slightly weaken the fluctuations in the portfolio. What is decisive, however, is what you personally hope for from an investment in gold: If you fear a currency crash or the total loss of your other investments, you can invest a small portion of your assets in gold.
»Buying gold stocks instead of gold: does it make sense?

In any case, because of the return, you shouldn't buy gold. In the past, the gold price has grown in value much less on average than a globally diversified equity portfolio - and has fluctuated even more. The reason: the price of gold is determined by demand alone. There is no intrinsic performance. This is different from companies that create added value and give their shareholders a share in it through shares and dividends.

Buy gold in bars, stocks or ETFs?

Gold brings neither interest nor dividends - on the contrary, whoever invests in physical gold such as coins or bars, even has costs for keeping it in a safe or depository or for insurance. The investor legend Warren Buffett has always expressed himself skeptical about gold investments. "It is better to have a hen that lays eggs than one that you just look at and for which you have to pay insurance premiums and storage fees," Warren Buffet said in a 2009 interview with the stock exchange broadcaster CNBC.
»ETC: trade gold, silver and other commodities with a certificate

It was all the more surprising to the financial scene when Warren Buffett's investment company Berkshire Hathaway announced in 2020 that it had built a large position in gold miner Barrick Gold. Because investments in gold stocks, i.e. in the stocks of the operators of gold mines such as Barrick Gold Corp, Royal Gold or Gran Colombia Gold Corp, are ultimately also a speculation on the gold price.
Gold stocks have the same risks as investing in other stocks. The gold mine operators - and thus their shareholders - benefit above all from the sharp rise in the price of gold. Because the production costs remain largely unchanged, their profit increases with the price of gold. Of course, this also applies the other way around: if the gold price falls, profits melt away. The Barrick share, for example, rose from around 16.40 euros to more than 26 euros in 2020 due to the gold bull market, and is currently trading at around 19 euros (January 15). Warren Buffett's private equity firm has since announced that it has reduced Barrick Gold's position.
»Gold ETFs: Tips for Beginners

Those who neither want to invest their money in coins and bars nor take the risk of betting on a single share can participate in the development of the gold price via an exchange-traded investment fund. The world's largest gold fund is SPDR Gold Shares from the USA.

Costs, options & Co .: The depot comparison

If you want to buy an ETF or shares, you need a securities account. A comparison of the most important providers can be found in the table below, further detailed information in the depot comparison.

Portfolio comparison for stocks and ETFs: portfolio fees, costs for orders and more

Which trading venues are available?
Number of tradable stocks, ETFs, funds, savings plans, crypto assets
Stocks on weekends trade at Lang & Schwarz
What is the minimum order volume?
Web application / trading app
intuitive app (no desktop offer available)
Stocks, ETFs and derivatives are traded without order commissions; only a flat rate of 1 euro for third-party costs
More than 4,000 stocks and ETFs can be saved permanently and free of charge
LS Exchange; for ETFs: iShares
8,500 stocks and ETFs, more than 4,000 stock and ETF savings plans, 40,000 warrants, knock-out products and factor certificates
no web application available, just a trading platform for stocks
Mobile phone users who also want to invest little money
Design is reminiscent of social media platforms with social trading as a core feature
around 2,000 shares free of commission; Spread fees 0.09 percent; Conversion fees, as it is traded in US dollars; Withdrawal fee five US dollars
no custody fees; only those who do not log in for twelve months pay 10 US dollars per month
no savings plans available
There are 17 trading venues for stocks, such as the US stock exchanges Nasdaq (511 stocks) and NYSE (825), Frankfurt (119), London (367)
2,000 stocks, many ETFs, other stocks and many other products as derivatives, 16 crypto values
$ 50; Copy-Value $ 500
Social trading: investors exchange market and stock exchange information on request; 16 cryptocurrencies; Minimum deposit when opening an account 500 euros
learning from others is easy; Exercise function
somewhat confusing price structure, which is only available in detail in English; relatively few stocks; no savings plans
Trendsetters who want to try modern investment techniques
new on the market, therefore modern and fresh design
Free of charge for orders with a trading volume of at least 500 euros via Gettex and for derivatives in direct trading with four partners; 1 euro with the same conditions at Lang & Schwarz; Order volume below EUR 500 and at other German trading venues: EUR 4
Free custody account management, but negative interest (0.5 percent) on the clearing account if more than 15 percent of the investment is available as cash over the quarter
280 ETFs eligible for savings plan free of charge; 351 ETFs eligible for savings plan with 0.2 percent (at least 0.80 euros) per execution
all German regional exchanges, Xetra, Tradegate, Quotrix, Gettex, Lang & Schwarz; another 16 partners for over-the-counter trading; 23 foreign stock exchanges
all stocks, funds, ETFs, certificates, leverage products, bonds that are listed on German stock exchanges; additional shares abroad; more than 600 ETFs are also eligible for savings plans
Saturday 10 a.m. to 1 p.m., Sunday 5 p.m. to 7 p.m.
Comprehensive range of securities with low order fees, some of which are even free of charge
Fees for clearing account (0.5 percent per year) as soon as the total exceeds 15 percent of the deposit value
Bargain hunters who can do without trading via mobile phone
tidy application despite a large selection of products
commission-free; no flat rate for third-party costs
free custody account management, but negative credit interest of 0.5 percent
no savings plans available
Tradegate, LS Exchange, Quotrix; 4 over-the-counter partners
more than 500,000 securities, including 7,300 stocks from 52 countries, approx. 1,000 ETFs and ETCs as well as certificates, warrants, leverage products; also crypto values: Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash
500 euro; 50 euros for cryptocurrencies
free stock trading, cheap crypto trading
Minimum order volume, only three trading venues, negative interest on clearing account, no savings plans
Price-conscious investors who do not want to put any change
The app and desktop version are understandable and seem like a single piece
in the first year EUR 3.90 per order on all German stock exchanges; then 4.90 euros plus 0.25 percent on the order volume (min. 9.90, max. 59.90 euros); plus trading venue fee (min. 1.50 or 2.50 euros) and third-party fees
free deposit for three years; then linked to activities; otherwise 1.95 euros per month
For ETF, share and certificate savings plans, there is no issue surcharge, but a commission of 1.5 percent of the order volume per security and execution
all German trading venues; 16 partners for OTC trading; 12 foreign exchanges
14,500 stocks, 1,500 ETFs, 32,500 funds, 629,000 warrants, 1,085,000 certificates and 62,500 bonds
Saturday 10 a.m. to 1 p.m., Sunday 5 p.m. to 7 p.m.
free trading software (Pro-Trader); API interface for external software
many trading venues with a large product portfolio and extras
high order fees from the second year
Comfort-oriented investors who appreciate many options
simple and clear
no order fees in the first six months at Tradegate, L&S, Baader Bank, thereafter 5.90 euros per order plus trading venue fee (for the above 2 euros) and third-party fees; Minimum total costs on German stock exchanges between EUR 7.90 and EUR 11.32 per order
Custody fee of 0.1 percent on the market value of the securities in custody; negative credit interest of 0.5 percent
250 selected ETF savings plans free of charge; additional savings plans per execution 1.50 euros
all German regional exchanges, Xetra, Tradegate, Gettex, L&S Exchange; another 16 partners for over-the-counter trading; 11 foreign trading venues
8,500 stocks and ETSs, more than 1,000 ETF savings plans, 5,000 funds (including ETFs); also derivatives and CFDs
Favorable conditions (0 to 3.90 euros per trade) for certificates and warrants from seven partners; many training videos
makes securities trading easy and understandable for beginners
Deposit fees, negative interest on clearing account
Fans of warrants and beginners who start trading cheaply
Easy to understand desktop application; App a little confusing because it is not a pure trading app
Stock orders EUR 3.95 in the first year when trading via Tradegate; otherwise at least 9.95 euros per trade, max. 69 euros; many funds and ETFs with no fees
270 ETF savings plans for free; all other ETF savings plans: 1.5 percent per savings plan execution; for equity funds: 1.5 percent plus mostly issuing fee
all German regional exchanges, Xetra, Tradegate; more than 20 foreign exchanges, more than 20 partners for over-the-counter trading
20,000 stocks and 7,000 funds (including ETFs); in addition, numerous bonds, currencies and commodities
Saturday 10 a.m. to 1 p.m., Sunday 5 p.m. to 7 p.m.
free trading software (ActiveTrader); API interface for external software
many trading venues with a huge product portfolio and extras
high order fees from the second year
Comfort-oriented investors who appreciate many options
Understandable texts, airy design
4.90 euros plus 0.25 percent of the market value, a maximum of 69.90 euros
all ETF savings plans for 0 euros; many share and fund savings plans from 1 euro, otherwise usually 1.75 percent of the market value
all German regional exchanges, Xetra and Tradegate; Stocks can also be traded in the US and Canada; Certificates & Co. also over the counter with 12 partners
all stocks, funds, ETFs, certificates, leverage products, bonds that are listed on German stock exchanges; additional shares abroad (USA, Canada); Number of savings plans: 720 ETFs, 640 funds, 480 stocks, five commodity certificates
inexpensive savings plans, all ETF variants free of charge
Trading on stock exchanges outside of Germany is limited to a few trading venues
Savings plan lovers and shareholders without exotic country preferences
somewhat dusty design, the owner Commerzbank looks much fresher
5 euros for all securities on German trading venues plus 2 euros trading venue fee (plus costs for Xetra and regional exchanges); for US trading venues 10 euros plus 5 euros trading venue fee
negative credit interest of 0.5 percent for more than 250,000 euros on the clearing account
all available savings plans (around 200) for an execution fee of 1 euro; 50 to 500 euros savings rate
all German regional exchanges, Xetra, Tradegate, Quotrix, Lang & Schwarz; another 14 off-exchange partners US stock exchanges NYSE, Nasdaq, AMEX
all stocks, funds, ETFs, certificates, leverage products, bonds that are listed on German stock exchanges; additionally all securities of the three major US stock exchanges
simple price overview, comprehensive range of securities
no trading via app
Onvista fans who have cherished the website for a long time
is aimed more at professionals and offers many analysis tools
Usually 0.1 percent on the order volume with a minimum (examples: Tradegate 2 euros; Frankfurt: 5 plus at least 2.52 euros), shares on US stock exchanges cost 1 cent per share (at least 2 US dollars, maximum 1 percent of the trading volume )
only in the case of inactivity for more than a month and a deposit value below EUR 1,000: EUR 1 per month
Savings plans only through partner ebase (registration required)
Xetra, Frankfurt, Stuttgart, Tradegate and around 130 foreign stock exchanges; over-the-counter trading on the US stock market
More than 1.2 million tradable securities, stocks, ETFs, futures, options, warrants and many more exchange-traded securities and derivatives
expandable with external software; Minimum deposit when opening an account 2,000 euros; only one payment / month free of charge (otherwise 1 or 8 euros), no automated tax transfer
extensive security selection; various tools and order options for professionals
Real-time prices are chargeable, no separate savings plan offer, over-the-counter trading is very limited
Ambitious investors and professionals
manageable even for beginners
Gettex: EUR 0.99 per order or flat rate from EUR 2.99 per month with an unlimited number of securities purchases and sales as well as ETF savings plan executions; 3.99 euros per order for Xetra trading
if you opt for the flat rate fee of 2.99 euros per month, you will receive all savings plans free of charge; otherwise only one savings plan is free, each additional one costs 99 cents
4,000 stocks, 1,300 ETFs and ETF savings plans, 2,000 managed funds
Gettex only: 250 euros; Savings plans from 25 euros per month
low costs, attractive price model for active traders (only Gettex)
Minimum order volume at Gettex, only two trading venues, no derivatives
Cost-conscious high-volume traders who limit themselves to traditional investments
renounces design finesse, the focus is on the information
4.99 euros plus 0.25 percent of the order value (min. 8.99 euros to max. 54.99 euros); plus EUR 0.99 trading platform fee in Germany; Discount depending on the number of annual transactions from ten percent for 100 transactions to 80 percent for 5,000 transactions
Free custody account management for at least one transaction per quarter or assets of at least 10,000 euros, otherwise 11.97 euros per quarter
Many Deka ETF savings plans and 16 UBS ETF savings plans free of charge, all others and share savings plans: order fee of 2.5 percent per savings plan rate
all German regional exchanges, Xetra, Quotrix, Tradegate, Lang & Schwarz, L&S Exchange; another 17 over-the-counter partners; 29 foreign stock exchanges
9,000 stocks, 12,000 funds, 2,000 ETFs, 20,000 bonds, 1.3 million leverage products, plus stock savings plans, ETFs eligible for savings plans, funds and certificates
Saturday 10 a.m. to 1 p.m., Sunday 5 p.m. to 7 p.m.
Discount model for order fees
Trading on numerous stock exchanges
relatively high order fees, expensive savings plans
Sparkasse customers and users who appreciate many options
10 euros per domestic order up to 10,000 euros, above 25 euros; for foreign execution venues, the cost per order is EUR 20 or EUR 35; Third-party fees are added to orders that are not processed via the Tradegate trading center
1.50 euros per savings plan execution, less or free of charge for special offers for a certain period of time
all German regional exchanges, Xetra, Quotrix, Tradegate; another 12 partners for OTC trading; 31 foreign stock exchanges
more than 1.5 million tradable securities including 22,000 funds and 2,000 securities savings plans, including 115 ETF savings plans
Trading on numerous stock exchanges, simple fee structure
DKB customers and users who appreciate many options
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