Why it May Not Be Too Late for You to Invest in Go
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Since 2023, gold has been on a massive bull run that hadn’t been seen in years and it has hit multiple highs since then. The roaring inflation, geopolitical tensions, and other such factors have made this safe haven metal appealing to a lot of investors. With its price now hovering close to $3,000, you may be wondering whether it still makes sense to add gold to your portfolio. We discuss some reasons why it isn’t too late for you to include gold among your investments.
Uncertainty in the Stock Market is Still High
The beginning of March has seen uncertainty in the market for stocks remain high. This can partly be attributed to the many policy changes that the new administration in Washington has instituted and continues to announce.
Given that gold is a good investment when there is plenty of volatility in the stock market, now may be a good time to add this precious metal to your portfolio in order to diversify your holdings. Gold is a good hedge against stock market volatility as it helps to preserve the value of your portfolio.
Inflation Has Persisted
Figures released in October and December last year, as well as in January, show that inflation has kept rising. Inflation erodes the real value of assets like stocks, so adding gold to your portfolio makes sense since gold retains its value. If the data to be released next week shows a further rise in inflation, you will be glad that you acquired some gold to hedge against persisting inflation.
The Price of Gold is Rising
Gold prices breached several record highs last year and they aren’t slowing down any time soon. These rising prices reflect a high market interest in this precious metal. While gold is best for preserving portfolio value, it can also turn a profit if you play your cards right.
The current price may seem prohibitive, but with the metal’s potential to keep seeing its price rise, now may be a good time to buy gold and if the price keeps rising, you can make a profit along the way.
Remember that there are many ways to gain exposure to this metal, such as buying gold stocks like GEMXX Corp. (OTC: GEMZ), buying physical gold (such as gold bars), investing in a gold ETF or other avenues available. Do your research and then determine what fraction of your portfolio should be held in gold. Many advisors recommend a maximum of 10%, but you can seek expert counsel on what fraction to allocate to gold based on several factors like your level of risk tolerance.
NOTE TO INVESTORS: The latest news and updates relating to GEMXX Corp. (OTC: GEMZ) are available in the company’s newsroom at https://ibn.fm/GEMZ
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