When recession looms, and when concerns about the dollar are raised, it’s not uncommon for some investors to turn to gold. For thousands of years, gold has been used as a store of value as well as a medium of exchange. As a precious metal, some believe it has intrinsic value, and many are confident that the price of gold will continue to rise over time.
Adding gold ] to your portfolio can add a degree of stability, and it can also help you hedge against inflation, since gold historically has moved opposite to the U.S. dollar. If you’re interested in buying a gold stock, gold ETF or other type of gold investment, this guide can help you decide what type of gold investment is best for you.
What is the best way to invest in gold?
How you decide to invest in gold is up to you, depending on your overall investment strategy.
There are several ways you can invest in gold,…