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VanEck CEO Says This Is The Best Investment This Year

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Gold,Investment,Vaneck

Gold hit another record on Friday, its 37th record this year. As of Friday's market close, it is up 28% since the start of the year. Jan van Eck thinks the best investment this year is 'the hedge against political cycles.' To him, that means investing in gold.

A major exchange-traded fund and mutual fund manager finds the winning gold trade isn't talked about as much as the artificial intelligence trade — but maybe it should be.

VanEck CEO Jan van Eck thinks the best investment this year is"the hedge against political cycles." To him, that means investing inGold hit another record on Friday, its 37th record this year. As of Friday's market close, it is up 28% since the start of the year., expects foreign investments in bullion will continue to give the commodity a boost. It should also help in lifting gold miners higher, which started the year lagging the commodity.

68-year-old retiree pays $460 a month to live by a lake in Mexico: ‘I found the peace and tranquility I was looking for' "It's like part of people's model portfolios, or core portfolios, is to have this tactical overweight to semis. And some of our biggest clients actually bought on the dip over the last week or two," the VanEck CEO said.

 

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