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LEARN ABOUT: Investing During Inflation
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
In times of economic uncertainty, people often turn to gold as a safe-haven investment. With the current state of the global economy, many are wondering whether now is the time to buy gold.
Gold has long been considered a store of value and a hedge against inflation. It’s a tangible asset that doesn’t rely on the performance of stocks or currencies, making it a popular choice for investors looking to diversify their portfolios. And during times of economic turmoil, such as the current COVID-19 pandemic, gold tends to perform well.
Since the beginning of the pandemic, the price of gold has climbed to all-time highs, reaching over $2,000 per ounce in August 2020. This is partly due to the increased demand for safe-haven assets as investors seek to protect their wealth during the global economic slowdown.
But is now the right time to buy gold? While the current uncertainty makes gold an appealing investment, there are some factors to consider. Firstly, gold can be an expensive investment. Its price has increased significantly in recent months, which means that buying it now may not provide the same returns as investing in it at a lower price point.
Additionally, while gold has historically been a safe investment, it’s important to note that it’s not immune to fluctuations in the market. It’s possible for its value to fall depending on economic conditions, which means that there is still some risk involved in buying gold.
Finally, with the current economic climate, there are other investments that offer potential returns. Technology and healthcare stocks, for example, have performed well during the pandemic and may continue to do so as companies adapt to the new normal.
Ultimately, whether you should buy gold now depends on your own investment strategy and risk profile. If you’re looking for a long-term investment and are comfortable with the potential risks, gold can be a good choice. However, if you’re looking for short-term gains or want to diversify your portfolio in other ways, there are other options to consider.
As with any investment, it’s important to do your research and consult with a financial advisor before making any decisions. The current economic climate makes gold an appealing investment, but it’s still important to consider all factors before investing.
I am very surprised that him & I agree on PMs.
People should realize your advice is based not on what you want or think but the facts from the market past and present. Thanks Dustin.
It is better to invest now,. You will never be younger than you are today and there will never be a perfect time to invest. Due to compounding, which Einstein called the 8th wonder of the world, you can get rich slowly from investing if you do it from a young enough age.
Gold producing equities
I bought a couple ounces of gold at $1200/oz when Tr*mp deregulated the banking industry with the intent of selling it when banks inevitably start to collapse. I sold it last week with a 60% profit. I love it when a plan comes together….
Thank you for answering my question on the closing beat about the golden cross. To answer your question about gold, there have been a lot of advertisements for gold on TV and YouTube lately. I'm still curious about when the yield normalizes after an inversion that a recession is closer. Do you have any data on that?
Gold sucks. 28% tax on profits regardless to the time held vs 15% on long term gains.
Why would you buy gold? At this point in time isn't it just getting more and more of an archaic store of value? Maybe because of the use cases?
Great content
and here you go, you said you didn’t like gold joking but you did say that about 3 years ago I’ve been watching you since you’ve been in the other building