One of the most popular and successful investments in recent years is also one of the more traditional ones: gold. Investing in the precious metal surged to an 11-year high in 2023 and the price broke multiple records in 2024, the latest of which came in late October. And it's possible that the metal could hit a new price record of $3,000 per ounce, possibly even before December 31.
By protecting against other asset volatilityGold, despite some minor drops in price, tends to only move in one direction: upward. Can you say the same about your other assets, particularly over the last few years? If those assets are more volatile then it makes sense to protect against that risk with a layer of gold added to your portfolio. Because those assets are more likely to produce greater income, however, the amount of gold you add should be minimal.