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With unprecedented prices, the rare material that investors turn to during worldwide uncertainty is anticipated to elevate gold to surpass gas, positioning it as our second most valuable resource export.
Is gold worth the investment?
Proponents of gold investment label it a “safe haven”, contending that this asset can diversify and stabilize your investment portfolio, besides reducing potential future risks.
Some also take comfort in buying something tangible that has the potential to increase in value over time.
Still, experts caution against putting all your eggs in one basket.
And not everyone agrees gold is a good investment.
Critics say gold isn’t always the inflation hedge many say it is – and that there are more efficient ways to protect against potential losses.
The Commodity Futures Trading Commission has previously cautioned that precious metals can experience significant volatility, noting that during times of economic tension or instability, it is usually the sellers who profit from precious metals.
