If you are considering investing in gold, it is important to understand how it stacks up first. Gold has long been considered a safe haven asset, with its value often increasing during times of economic uncertainty. Trends in gold prices could indicate whether the asset can protect against inflation. Here's a look at how the precious metal is doing today.
Gold investments come with many benefits. They can serve as a hedge against inflation, offset risk in your portfolio, and offer a solid way to diversify your investments. U.S. News' panel of financial advisors weighs in on gold as an investment after its recent rally to record highs.
You can purchase gold bullion in a number of ways: through an online dealer such as APMEX or JM Bullion, or even a local dealer or collector. The American Gold Eagle, with a purity of 91.67% (22-karat) and available in sizes ranging from 1 oz to 1/10 oz, is a popular choice among investors. It is considered one of the most reliable gold coins for investors.