After months of record-breaking performances, gold prices rose above $2,200/oz. for the first time in history on March 20, 2024—and have continued to achieve new all-time highs.
“Spot gold’s daily closing chart shows that an acceleration is underway already. Gold broke out of a four-year consolidation and just hurdled a bull flag.”
—Andrew Addison, founder of Institutional View
What has caused this latest rally, and how does it benefit the owners of gold IRAs?
Click on the video link below for exclusive executive insights on this topic from Edmund C. Moy, 38th Director of the U.S. Mint and Senior IRA Strategist for U.S. Money Reserve.
Related headlines from around the web:
- Barron's: “Gold Prices Hit a Record. An ‘Overvalued’ S&P 500 Could Mean More Gains Are Coming”
- Yahoo Finance: “Gold’s ‘record march higher set to continue,' Goldman says”
- Reuters: “Gold hits record highs on safe-haven demand, U.S. rate cut bets”
Protect your portfolio with precious metals today.
Gold has historically been used as a hedge against economic uncertainty and market turbulence. As paper-based assets like stocks continue to experience volatility and inflation continues to deflate the dollar’s purchasing power, now may be the perfect time to add wealth protection to your portfolio in the form of physical gold.
Watch U.S. Money Reserve’s “Market Insider” each week for more economic insights. Nothing herein should be considered as portfolio or retirement advice as U.S. Money Reserve (“USMR”) cannot and does not offer financial advice. Clients should consult a financial advisor for specific advice. This commentary is provided by USMR for informational purposes only and is provided on an “as is” basis without any warranty of any kind, whether express or implied. Your use of the information provided in this commentary is entirely at your own risk. In no event will USMR be held liable for any indirect, special, incidental, or consequential damages arising from the use of information contained in this commentary.
