Americans' approval of gold as best long-term investment doubles from last year, says Gallup survey

Gold is catching up to real estate as the best long-term investment, with American investors' perceptions shifting due to higher interest rates and increased stock market uncertainty.

The view that gold is the best long-term investment jumped from 15% in 2022 to 26% — the highest levels since 2012. Gold has overtaken stocks as the second-most preferred investment and has come close to the number one spot, with more than a quarter of Americans viewing gold as the best long play. In the meantime, Americans lost faith in stocks/mutual funds as a long-term investment, with preference falling from last year's 24% to this year's 18%.

The approval of the crypto space following the collapse of FTX dropped to 4%. Last year, 8% of Americans considered the cryptocurrency market the best investment, putting it ahead of bonds.

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