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Gold hits new high
- Thread starter Zoe
- Start date
Zoe
Elite Member
- Joined
- Sep 15, 2020
- Professional Status
- Certified General Appraiser
- State
- Tennessee
Gold Hits All-Time High—Here’s Why
One economist recommended investors store wealth in the precious metal as an economic haven, while others warned of uncertainty.
www.forbes.com
The value of U.S. gold hit another record high on Tuesday, surpassing the $4,000 threshold for the first time, as economists praised the precious metal as a safe-haven investment in the wake of a government shutdown, a declining job market and steady inflation.
Zoe
Elite Member
- Joined
- Sep 15, 2020
- Professional Status
- Certified General Appraiser
- State
- Tennessee
This is another reason precious metals are soaring. The value of U.S. dollar is declining.
Zoe
Elite Member
- Joined
- Sep 15, 2020
- Professional Status
- Certified General Appraiser
- State
- Tennessee
In my small mutual fund, when I got scared and got out stock market and shifted it to govt securities earlier this year, I made about 3%. About 2 months ago, I shifted it into precious metals mutual fund. The fund was already up like 60% before I got in. It is up like 50% in last 2 months. So ytd it is probably up over 100% investing in precious metals.
I missed that boat.
I missed that boat.