Gold is exploding 0 buyers are piling in, old names are breaking records, and global fear is doing what it always does, pushing people to chase this metal like it’s the last life raft in a sinking 1 if you’re thinking about grabbing a piece of the action for the first time ever, then you’re late, but luckily, not too 2 just need to know what the heck is going on, and for that, we got 3 see, investors are worried about war, inflation, central bank politics, and rate decisions that never seem 4 result has been a stampede into gold, with the NYSE Arca Gold Miners Index smashing through its all-time high for the first time since the 2011 euro debt crisis and the 5 6 time, it’s the wars in the Middle East, Russia-Ukraine, and yes, Donald Trump trying to kick Lisa Cook out of the Fed, that’s stirred the 7 knows what interest rates are doing 8 mining stocks break records Miners are on 9 names like Newmont Corp., Agnico Eagle Mines Ltd., Wheaton Precious Metals Corp., and Barrick Mining 10 all jumped more than 80% this year.
Newmont’s earnings more than doubled in 11 say it’ll go up another 50% this year. That’s after two full years of weak numbers. It’s now trading at the highest price in over three years. “Newmont is my top pick,” said Martin Pradier of Veritas Investment Research.
“Return on equity is almost twice as high as last year.” He’s not the only one paying 12 Eagle also made his list, mostly because of their assets in Canada and “strong execution.” Agnico’s U. S.-listed stock soared over 90% this year, hitting record 13 earnings are also expected to grow, despite a drop in gold 14 had some trouble in Mali and took a $1 billion net charge in Q2, but the stock still climbed 80% 15 all that? 16 gold is near $3,600 per ounce. That’s a 35% gain just this 17 when gold gets hot, miners follow. Some, like Blair duQuesnay, a financial planner and advisor at Ritholtz Wealth Management, are pointing to investor sentiment: “Gold has been trending higher and getting a lot of attention.” She says it’s the go-to when things fall 18 it 19 has 20 Samana at Wells Fargo Investment Institute 21 calls gold a classic safety play in “bad economic times.” According to research from the Federal Reserve Bank of Chicago, gold does well in low-rate environments and periods of 22 box is 23 24 Fargo’s latest strategy report says global central banks are buying more gold 25 geopolitical stress to that, and the demand picture just keeps getting 26 isn’t just retail investors chasing 27 big boys are loading up 28 choose ETFs over physical gold Now, if you’re serious about buying gold, there are two main ways to do 29 either buy the real thing, bars or coins, or you buy financial products that track the 30 experts say skip the coins.
Why? Because physical gold is expensive to store, and even more expensive to 31 lose money on transaction fees, and keeping it safe is a problem. “It’s much more inefficient to own physical gold,” said duQuesnay. She’s not 32 you’ve dealt with the logistics, you’ll wish you’d bought an ETF.
That’s why most investors stick with 33 biggest ones are SPDR Gold Shares (GLD) and iShares Gold Trust (IAU). They move with the price of gold, they’re cheap, and they’re easy to trade. “Gold ETFs are going to be the most liquid, tax efficient and low-cost way to invest,” duQuesnay 34 not everyone agrees on how much to 35 financial advisors don’t go above 3% of the full portfolio. Some, like duQuesnay herself, don’t use gold at all.
“It’s a trendy 36 we in the third inning or the ninth inning of this rally?” she said. It’s a fair question. Meanwhile, Andrew Musgraves from VanEck warned about past cycles. “In past gold rallies of 2010, 2011, for example, they kind of blew out their budgets and were penalized by the market for that,” he 37 time, miners have kept their spending in check.
They’re protecting margins and turning those high prices into real 38 far, it’s 39 that continues depends on what happens 40 up to Bybit and start trading with $30,050 in welcome gifts
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