What do you think could be the main mistake you could make if it is about your future wealth?
Let’s imagine two scenarios:
Scenario 1
In the first one, a couple or a family who have a nice regular salary (or even two salaries), who can allow themselves to live stress-free, buying whatever they like. They pay off their purchased apartment or house. Small pet toys or different gadgets do not cost much on temu or alibaba, but one purchase after another the money flows away. At the end of the month, whatever money is left, it is simply put in a savings account in a bank.
If you would talk to them about building up wealth, they would answer – we don’t have money to invest, not even one euro per month. It is not in our budget. It’s not a good moment for us. Maybe later, when this or that condition would occur. But later, when the condition occurs, there are new obstacles coming in the way and preventing any investments. And it goes like this for years.
Scenario 2
The second scenario: a young person just starting his life and doing a less well-paid job. He has his regular expenses covering the most necessary needs, like room rental, food etc. Depending on how much he earns during the month, he manages to put aside between 50 and 150 EUR per month. This money he invests according to a 1500-years old strategy known as a Babylonian Talmudic Asset Allocation Strategy and pursuits his wealth-building strategy strictly over time.
Who of them would be the wealthier one in the course of the next 5 or 10 years? – The probability is extremely high that the young person from the second scenario will outpace by far the couple from the first scenario. And that’s despite the fact that the couple in the first scenario earned much more salary in the course of all the years. But it did not care at all about the wealth-building.
Main mistake
And now to the topic of this article – what is the main mistake many people do when it is about building up their own wealth?
Is it lacking money? – Honestly, NO. The most people who earn their salary could find at least 1-50 EUR (USD, GBP, CHF…) per month to put aside if they would like to. If they don’t find this money, it is not because they lack money, it is because they DON’T WANT to invest. In reality, in most of the cases they would be able to save even (much) more than just in a range of 1 – 50 EUR. If someone is lacking one euro per month to start investing in his own future wealth, the lack of money is just a cheesy pretext for dummies. The real reason would hide somewhere else.
Real reason
So, what is this reason at the end? In a nutshell – the people hesitate to start because it could be a wrong moment to start. And this hesitation can take months and years. At a certain time, they believe that the prices of precious metals (or other assets) are too high: “They cannot go higher. They are already too expensive. When they go down, I’ll lose my money. And I don’t want to lose.” When the price starts going down, they wait: “it could go further down. I don’t want to purchase now; it can get cheaper.” The price goes up again: “I missed the right starting point. Now I’ll not be able to use the full potential. I’ll wait for the next price drop.” And at the end: “And anyway, in my savings account my money is most secure. I get even interests on it.”
Indeed, the best moment to start with your wealth-building was yesterday. But the second-best moment to start is today. The sooner you start, the more time you’ll have ahead of you to build a nice wealth for you and your family.
Regular savings
And if talking about gold or other assets, nobody knows exactly when its price reaches the bottom or the highest level. And just because of it, many people follow the strategy of regular investments: they invest one and the same amount of money every month, disregarding the actual price of the metal or your preferred assets.
This approach allows you to avoid permanent hesitation about the right moment and price points and to create the so-called cost-average effect. What does it mean? The regular purchases are equalizing the price fluctuations. Actually, when the price goes up, your entire vault value goes up as well. If the price goes down, it is an opportunity for you to buy cheaper and accordingly more for the same money (“hurrah, summer sale!”). As long as you do not sell your metals, you still keep the full quantity of your purchased metals. And by applying the swap strategy, you can even increase the quantity of your metals (and the value of your vault) without needing to invest more of your money in it.
Trends 2026
Which trends on the precious metals market are expected for the remainder of the year 2026? Many analysts say that the current price correction could continue until the end of summer, but it strongly depends also on the geopolitical situation. It is a good opportunity to buy cheaper as long as cheaper metal prices are available. This situation will not last long. Goldman Sachs expects that the gold price will go up to 5.400 USD / ounce towards the end of the year (currently 4.155 USD / ounce). JP Morgan expects even higher prices at a level of 6.000 USD / ounce.
The right moment to start building up your wealth is the moment when you start with it. You don’t need to know what the price for gold or silver in the next month would be. You just need to take the first step:
- Download the flexgold app
- Complete the mandatory checks
- Define your monthly savings amount
- Put a standing instruction in your bank account for payments to your vault
- Start your wealth building
And if you have any questions about the flexgold app or precious metals overall, do not hesitate to contact us and one of Singabiz® Representatives will be glad to assist you. You can also find multiple articles about this topic in our blog.
