My Tiny Feed

cbsnews.com

Should Beginners Invest in Gold Now?

Experts offer conflicting advice on whether beginners should invest in gold at current high prices, weighing potential future price increases against risks of a downturn. Investment methods are also discussed.

Read original article in English

English

United States

LifestyleFinanceRiskMarketInvestingGold

Goldman SachsSavvy WealthAlternative OptionsMonetary MetalsFacet

Drew MartinoJames CordierBen NadelsteinTom Graff

What are the recommended ways to invest in gold for beginners?: For those who choose to invest in gold, experts recommend gold ETFs over physical gold due to the high transaction and storage costs of physical gold, especially collectibles. Opening a gold IRA is another option for long-term retirement strategy.
What are the arguments for beginners investing in gold at the current high prices?: Some experts argue that gold's price could continue to rise, making it a worthwhile investment for beginners due to diversification and long-term growth potential. They highlight its stability during economic downturns and liquidity benefits.
What are the current market trends for gold prices and what factors influence them?: Gold prices have surged in 2024, reaching over \$2,700 per ounce, driven by inflation, geopolitical tensions, and election uncertainty. Experts have differing opinions on whether this is still a good time for beginners to invest.
What are the arguments against beginners investing in gold at the current high prices?: Other experts caution against investing in gold now due to the risk of price drops following its recent increase. Concerns about overseas demand fluctuations and the impact of Federal Reserve policy on the dollar's strength and gold prices are mentioned.
What are the potential risks and rewards associated with gold investing for beginners?: Investing in gold involves risks and potential rewards. Beginners should carefully weigh the potential for price fluctuations against the benefits of diversification and long-term growth, considering their personal financial goals and risk tolerance.

Jan 22, 04:12

Combined Healthy Waist and Exercise Key to Minimizing Cancer Risk

A study of 315,000 Britons reveals that maintaining a healthy waist circumference (below 88cm for women and 102cm for men) and engaging in 150-300 minutes of moderate or 75-150 minutes of vigorous weekly exercise is crucial for minimizing cancer risk; meeting only one guideline is insufficient.

Jan 22, 19:09

Proactive Career Planning for 2025: Internal and External Strategies

Career coach Phoebe Gavin outlines strategies for achieving internal (promotions, raises, new projects) and external (new jobs, career changes) career goals in 2025, emphasizing relationship building, skill development, and proactive networking.

Jan 22, 19:09

Overcoming "Shoulding": Aligning Actions with Purpose

This article examines the detrimental effects of "shoulding," the pressure to conform to group expectations, on individual lives and organizations, offering practical strategies to overcome it and live more purposefully.

Jan 22, 01:08

Ten Tech Tips and Tricks for Enhanced Productivity and Security

This article provides ten tech tips, including keyboard shortcuts like Ctrl+Z, using voice commands, extracting text from images, optimizing old laptops with ChromeOS Flex, and hiding phone numbers during calls, along with strategies for scheduling emails and tracking children using AirTags or Tile trackers.