Investors Go For Gold As Prices Surge—But This Asset Is Still The Best Investment, Poll Finds

Americans favor gold as the strongest long-term investment at the largest proportion in over a decade, a new survey found, as equities lose favor while the precious metal hovers at a near record high.About a quarter of Americans view gold as the best investment over the long term, according to a Gallup poll conducted between April 3 and April 25 among 1,013 American adults.It’s also the first time since 2013 more respondents have favored gold over stocks.

Accompanying that rising faith was declining trust in property ownership: About a third of respondents named real estate as the best long-term investment, still the top pick but down from 45% last year and at its lowest level since 2018. Just 18% of respondents identified stocks and mutual funds as the best investment category, its lowest rate since 2012 after major stock indexes suffered their worst year in over a decade in 2022.

And belief in the two other listed categories—low- and high-yield savings accounts and bonds—surged to multi-year highs, reflecting the higher interest-rate environment.Spot gold trades at about $2,045 per ounce, up 11% year-to-date and just shy of its 2020 peak. Various destabilizing factors including geopolitical tensions stemming from the Russian invasion of Ukraine, the Federal Reserve’s aggressive monetary policy and the U.S. dollar’s decline are behind gold’s surge in value.

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