While the price of gold continues to stay above $1200/oz. stocks are looking increasingly susceptible to economic data and volatility. Gold which in the past has typically been volatile along with stocks (and still is to some extent) is looking to be holding up more consistently. This is most likely due to gold increasingly being viewed as a safe haven among all the economic policies coming out from the world governments these days. As retail investors are bailing on the stock market, more are turning to the shiny yellow metal as a source of insurance and security.
Do you have any gold in your portfolio or assets? I strongly encourage owning some physical gold and silver. The security that physical metals bring is unparalleled and in today’s day of fiat money printing, it is a necessity.
Talk to a local bullion or coins dealer for purchasing physical metals. Any time gold is under $1200, it warrants accumulation.
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