While many still cling to the old cliche that "cash is king," others are looking for a better haven for their hard-earned money — so they turn to gold. Gold has been a popular investment for centuries, prized for its beauty and scarcity. But beyond its aesthetic appeal, gold is also seen as a safe haven in times of economic uncertainty.
As an investment that is considered relatively safe, gold competes against government bonds. But unlike bonds, gold doesn't pay any interest. So why would investors choose gold over bonds? One reason is that gold is seen as a hedge against inflation and currency fluctuations. In times of economic turmoil, gold tends to hold its value better than other assets.
And, 2024 is a great time to get started. By investing in gold now, you'll boost your protections against still present (but cooled) inflation and geopolitical tensions. With central banks around the world continuing to print money at unprecedented rates, many investors see gold as a way to preserve their wealth in the face of potential economic instability.
Royalty and streaming companies existed in the oil and gas industry for decades before they were introduced to the gold sector. These companies provide financing to gold miners in exchange for a share of the future production. This allows investors to gain exposure to the gold market without the risks associated with owning individual mining companies.
Gold is historically a safe and stable investment that can protect you in times of economic and geopolitical uncertainty. Its price holds up well during periods of market volatility, making it an attractive option for investors looking to diversify their portfolios.
Wondering how to buy gold? You have several options, including bullion, gold stocks, gold funds, and gold futures. Each option has its own set of risks and potential rewards, so it's important to do your research and choose the investment strategy that aligns with your financial goals.
Our guide to buying Gold ETFs, gold coins, gold stocks, and more will help you navigate the world of gold investing. Whether you're a seasoned investor or just starting out, gold can be a valuable addition to your portfolio.
With geopolitical tensions, economic uncertainty, and inflation still sitting higher than it should be, many consumers feel wary about their financial futures. Investing in gold can provide a sense of security and stability during uncertain times, making it a popular choice for risk-averse investors.
Investors like gold for many reasons, and it has attributes that make the commodity a good counterpoint to traditional securities such as stocks and bonds. Gold is a tangible asset that can be held in your possession or stored in a secure vault, giving you peace of mind knowing that your investment is safe and secure.
