Is now the right time to invest in gold? It just hit a record $3,000 per ounce for the first time in history. Here's what that means for you.
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00:00Is now the right time to invest in gold? It just hit a record $3,000 per ounce for the first time in history.
00:06Here's what that means for you.
00:10Gold is up 14% this year while the stock market is falling.
00:14The S&P 500 is down over 5% and even big names like Apple are struggling.
00:19So why is gold surging? It all comes down to uncertainty.
00:23Gold is seen as a safe haven. When investors panic, they turn to assets that hold value.
00:29Right now, the biggest driver of uncertainty is Trump's escalating trade war.
00:33New tariffs on Canada, Mexico and other countries are shaking the economy,
00:38raising fears of higher prices and inflation. And that fear is trickling down.
00:42A recent survey found that consumer confidence is dropping for the third month in a row.
00:47People are worried about their wallets and investors are hedging their bets with gold.
00:51So is gold a good investment?
00:53Here's what to keep in mind. Gold can help diversify your portfolio and protect against uncertainty,
00:59but it's not risk-free. Gold prices are volatile and just because it's going up now
01:04doesn't mean it always will. And remember, the biggest winners in gold rushes are often the sellers, not the buyers.
01:11Some experts believe gold will keep rising as uncertainty continues. Others warn that it could crash just as fast.
01:18So what do you think? Is gold a safe haven in the long run or is there more economic chaos on the way?
01:23Share your thoughts in the comments.