Gold : $3,189.36 -7.95
Silver : $41.49 +0.13
Platinum : $1,404.38 -1.30
Palladium : $1,324.33 -9.95

Is Gold a safe haven for my money?

Gold has traditionally been considered a safe haven asset that investors turn to during times of economic uncertainty or market volatility. This is because gold is a tangible asset with intrinsic value that is not tied to any government or financial institution.

Gold has historically maintained its value over time, and is often seen as a hedge against inflation and currency devaluation. During times of economic crisis, investors may flock to gold as a way to protect their wealth. Since 2003 gold has increased in price by 417%, beating the stock market on a 20 year comparison.

That being said, like any investment, gold comes with its own risks and potential drawbacks. The price of gold can be volatile, and it does not generate any income or dividends like stocks or bonds. Additionally, the price of gold can be influenced by a variety of factors, including supply and demand, geopolitical events, and central bank policies.

In summary, gold can be a useful addition to a diversified investment portfolio as a potential hedge against market volatility and economic uncertainty. However, it's important to carefully consider your investment goals and risk tolerance before making any investment decisions.

At Nugget Stacker we provide competitive pricing on gold & silver, with secured free delivery across Canada. Joining the Monthly Nugget Subscription is also a great way to balance your portfolio and proect your savings.