Is the 2024 Gold Rush a Warning to the US Economy?
Gold has seen an astonishing 65% growth in price over the last two years, reaching an all-time high of around $2,660 per ounce. Today we delve into why this seemingly useless metal has become a hot topic among investors.We’ll explore the dynamics behind gold as a financial asset, and why investors are flocking to the precious metal during current economic conditions.
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★ ★ CONTENTS ★ ★
0:00 Gold Prices Skyrocket to New Highs
1:45 Valuable Yet Useless.
3:20 Escaping Our Economic Problems
4:39 Inflation Worries
6:54 Diversification Away from the Dollar
8:50 Gold and Falling Interest Rates
10:35 Will Prices Continue to Rise?
My Podcast: / theyounginvestorspodcast
Brandon van der Kolk is authorised to provide general financial product advice in Australia and is an Authorised Representative (Number 1305795) of Guideway Financial Services Pty Ltd, AFSL Number 420367. Any advice is general & does not consider your financial situation, needs or objectives so consider whether it's appropriate for you. Read Brandon's Financial Services Guide available from https://guideway.com.au/NewMoney.pdf. Past performance is not a reliable indicator of future investment returns.
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