Should You Invest In Gold Right Now?

SPDR Gold Shares ETF ETF:GLD, Franco Nev Corp NYSE:FNV – Should You Invest In Gold Right Now? The price of gold is up 24.2% year-to-date in one of the most tumultuous years in history so far.

With the possibility of a contested U.S. presidential election and a worsening pandemic in the coming weeks, things could become even more volatile on Wall Street, leading some investors to consider buying gold as a potential hedge against stock market weakness.

There are plenty of reasons to invest in gold heading into the final two months of 2020 — and plenty of reasons not to. Here’s an overview of the bull and bear cases.

Bull Case For Gold: The bull case for gold is that it’s considered a stable hedge against inflation. The U.S. government has already issued more than $2 trillion in economic stimulus this year, and a potential blue wave on Tuesday would […]

Click here to view original web page at www.benzinga.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.