Since gold has risen recently, some people are concerned that its price might fall again. However, they're not sure if that will happen.

It's never too early to start investing if you want to buy gold. Here's why now might be the best time to get started.

If you buy now, you'll be able to take advantage of the current low price. However, if you don't act now, you'll miss out on the opportunity to make a lot of money when the price goes back up again.

Second, the price of physical precious metals such as silver and platinum are also low relative to historical averages. So there's plenty of room for growth. And thirdly, the price of physical metal is expected to continue falling over the coming year. This makes precious metals an ideal investment today!

But here's the catch.

Prices might rise again soon. So you must act quickly.

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How can you know whether gold prices are going to rise?

The Federal Reserve has raised the federal funds rate twice this past month. Higher borrowing costs make it harder for consumers to pay off debt. They also slow down economic growth. Rising unemployment can make people feel poorer, which means they spend less money. In addition, the U.S. currency has lost some of its value lately. The weakening currency means Americans have to buy more foreign products to get the same amount of spending power. These two trends—higher borrowing costs and lower purchasing power—are bad news for gold. Gold tends to move in opposite directions from the direction of the U.S.'s monetary policy. Higher borrowing costs are good for gold because they reduce consumer spending. Lowering the cost of borrowing is bad for gold because it increases consumer spending. But rising unemployment is bad for gold because it reduces consumer spending. So, if the Fed raises the federal funds rate again next week, expect gold to fall.

Let me ask you something.

Are you ready for the current gold market dip? Are you willing to risk missing out? Do you want to profit from rising prices?

If you answered yes (or no) to any of these three statements, you should invest in gold.

Buy early if you want to save money.

If you want to start an IRA before the price goes up, you need to act fast.