Geopolitical tensions and worldwide economic uncertainty can drive investors toward safe-haven assets like gold. Any uptick in global instability could potentially lead to an increase in gold's demand and price. during six of the eight large stock market crashes. And, during the 2007-2009 recession, the S&P 500 index declined by nearly 60%.
And, considering that there are a number of geopolitical tensions occurring currently, it's a good time to consider investing in gold bars and coins or other precious metals. Physical gold has also stood the test of time as a store of value. During periods of economic uncertainty, like we're experiencing right now, gold tends toFor example, stocks tend to be highly volatile in a tumultuous economy.
And that's not the only reason to add gold bars or coins to your portfolio right now. Gold bars and coins are highly assets, so you should have no issue selling them when and if you decide to. That can be useful right now if you need to free up cash., hitting a five-month low in the last couple of weeks. The spot price of physical gold is now under the $1,900 threshold — but don't let that deter you. Short-term price volatility is normal with gold, but the precious metal tends to hold value over the long term.
Last year, the price of gold was about $1,700 per ounce — and even at its current price of under $1,900 an ounce, it's still up substantially compared to 2022. And, gold tends to perform like this year after year. So, if you buy in now, while the price is low, you may see significant increases in value over time.
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