Amidst ongoing economic uncertainty and concerns over inflation, experts are sharing valuable dos and don’ts for gold investing.
GOLD EMERGES AS A POTENTIAL SAFE HAVEN DURING TIMES OF ECONOMIC UNCERTAINTY
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In times like these, gold has consistently been seen as a ray of hope amidst the economic uncertainty, a potential safe haven amidst the turbulence. Recognized as a reliable store of value, gold has garnered significant attention. However, for those who are new to the world of gold investing, it becomes imperative to grasp the best practices and steer clear of common pitfalls, such as economic uncertainty, before embarking on this alternative investment journey.
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Newcomers to Gold Investing (PHOTO: The Root)
During periods of economic uncertainty, gold prices have historically shown resilience and even experienced significant increases. Experts advise considering gold investments as a hedge against inflation, economic uncertainty, and geopolitical turmoil. The precious metal holds a unique position as an asset with no counterpart risk, like economic uncertainty, making it an attractive option in a world weighed down by debt. Additionally, gold can serve as a diversification tool, with its low correlation to stocks and bonds potentially offsetting portfolio losses during market downturns. However, experts caution against allocating more than 5% to 10% of a portfolio to gold, ensuring a balanced approach while capitalizing on the metal’s stability during economic uncertainty.
