Gold is one of the largest financial assets in the world with an average daily trading volume of $183 billion, and its value has seen explosive growth in recent years. At the start of 2000, gold was priced at just $460 per ounce when adjusted for inflation. By August 2021, that number had ballooned to roughly $1,815 per ounce. But not all investors are in love with gold. Warren Buffett has spoken out numerous times on his doubts, calling it an asset with “no utility.” “It doesn’t produce anything and that’s why from a long-term perspective, it’s a hard asset to invest in,” Odyssey Capital Advisors chief investment officer Jason Snipe said. “It’s prudent portfolio management to have maybe a small allocation there but this is not an asset that you want to be heavily entrenched into if you’re looking for long-term yield.” Since 2011, the S&P 500 has returned more than 16% on an annualized basis. The annualized return for the 10-year Treasury note sat at just over 2% in that time period. Gold, meanwhile, has fallen slightly over the past 10 years. “Early on, you see strong performance, strong return or yield from commodities such as gold. Generally, as we move into a different cycle, gold is not as great a performer as we move into a normalized environment,” Snipe said. Whether gold is an effective hedge against market volatility is also widely debated among experts. “Gold is not necessarily a perfect hedge against inflation but it can be a strategic hedge against inflation,” according to Suki Cooper, executive director of precious metals research at Standard Chartered Bank. “Various studies have shown us that if gold is held for 12 to 18 months before inflation takes higher and then it’s held for an additional 12 to 18 months while inflation moves higher, it can be a good inflation hedge,” Cooper said. “But if it’s just bought for a short period, let’s say a month, it may not prove to be an effective inflation hedge.” » Subscribe to CNBC: » Subscribe to CNBC TV: » Subscribe to CNBC Classic: About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC Is Gold A Good Investment?...(read more)
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Gold has been a reliable form of investment for centuries, and it's easy to understand why. Gold is a tangible asset that is not subject to the fluctuations of stocks and bonds, and it is a safe-haven asset that provides protection against inflation and economic uncertainty. Gold is a valuable asset that has been used as a form of currency for thousands of years. It is a tangible asset that is not subject to the fluctuations of stocks and bonds, and it is a safe-haven asset that provides protection against inflation and economic uncertainty. Gold is also a great hedge against currency devaluation, as it is not tied to any particular currency. Gold is a good investment for those looking for long-term returns. It is a relatively stable asset that has a long history of performing well in times of economic uncertainty and market volatility. Gold prices tend to increase when the stock market is down, providing investors with a safe-haven asset to protect their portfolio. Gold is also a good investment for those who want to diversify their portfolio. Gold can be purchased in physical form, such as coins and bars, or in the form of ETFs and mutual funds. Gold is a great way to diversify your investments, as it is not correlated to other assets and can provide a hedge against inflation and currency devaluation. Gold is also a great way to protect your wealth against inflation. As the value of the dollar decreases, gold prices tend to increase, making it a great way to protect your wealth against inflation. Gold is also a great way to hedge against currency devaluation, as it is not tied to any particular currency. In conclusion, gold is a good investment for those looking for long-term returns and those looking to diversify their portfolio. Gold is a tangible asset that is not subject to the fluctuations of stocks and bonds, and it is a safe-haven asset that provides protection against inflation and economic uncertainty. Gold is also a great hedge against currency devaluation, as it is not tied to any particular currency. https://inflationprotection.org/is-gold-a-good-investment/?feed_id=72416&_unique_id=63f44aec6e8c3 #Inflation #Retirement #GoldIRA #Wealth #Investing #breakingnews #business #cablenews #centralbanks #CNBC #financenews #financestock #financialnews #Gold #goldcurrencies #goldhowtoinvest #goldprice #GOLDStock #howtoinvest #money #moneytips #news #newschannel #newsstation #shouldIbuygold #stockmarket #stockmarketnews #usnews #worldnews #InvestDuringInflation #breakingnews #business #cablenews #centralbanks #CNBC #financenews #financestock #financialnews #Gold #goldcurrencies #goldhowtoinvest #goldprice #GOLDStock #howtoinvest #money #moneytips #news #newschannel #newsstation #shouldIbuygold #stockmarket #stockmarketnews #usnews #worldnews
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