Another year is in the books, and many Americans are starting 2023 by reviewing their finances and reevaluating their investments. Amid stock market volatility, international unrest, and a potential recession, some investors are turning to gold as a safe haven for their investments.
Historically, a common investment strategy is to regard gold as a store of value during turbulent times. But can you make money investing in gold? While investors typicallyto help diversify and stabilize their portfolios, it is possible to make money through gold investments.
If you think you could benefit from investing in gold then start by requesting a free wealth protection kit to learn more about this unique opportunity.
How you can make money investing in gold
One of the simplest ways tois to buy gold bars and coins, which can rise in value due to inflation or world unrest. During the financial crisis of the late 2000s, a heavy push of gold investment spurred an increase in the price of gold from $800 an ounce in 2009 to $1,900 in 2011, according to Financial Post.
Similarly, gold investment soared during the pandemic, driving gold prices from an average price of $1,393.34 in 2019 to a $1,798.89 average in 2021, according to MacroTrends.
If you’d rather not deal with the hassle of storing physical gold, you could choose to own gold stocks, whose prices fluctuate with the price of gold. Like companies in other sectors that perform well regardless of industry trends, some gold mining companies are well-managed and profit even when the gold prices fall. Additionally, a slight upturn in the price of gold may result in substantial gains with some gold stocks, delivering a higher return on investment for their shareholders than owners of physical gold may experience.
Read complete post here: