Even its biggest critics can't deny that it's been a great year to own gold. More accurately, gold has had a good decade, but it hasn't started outperforming stocks until recently. As of this writing, gold is up about 33% in 2024 putting the spot price of gold around $2,730. That's just a little below its all-time high.
One of the primary reasons you'll hear for owning gold is its role as a safe haven asset. That means that gold holds its value even as the purchasing power of every dollar you own goes down. And every time you go to the grocery store or pay your insurance bills, you're reminded that your dollars are buying you less than they were just a few years ago.
But there could be a more urgent reason to consider owning gold, not just now but for years to come. Central bankers throughout the world are buying up as much gold as they can. Simple supply and demand dynamics suggest that gold could easily hit a high of $3,000 or even higher in short order.
That means now may be a good time to get into gold. A common way to own gold is to buy gold bars or coins. This can have liquidity issues, and you'll likely have to take a slight loss from the spot price when you sell. A different way to invest in gold is through gold stocks. In this special presentation, we're looking at seven stocks you can buy as a hedge against financial uncertainty.
Click the "Continue to Slide #1" button to view the first company.
