Gold prices rallied to an all-time high on March 5, 2024, breaking previous records set in December 2023. In the weeks since, gold has climbed even higher.
“We only have a narrow group of assets investors can really call safe havens, and gold is number one amongst them.”
—James Steel, precious metals analyst at HSBC
What prompted this rally, and is it too late for consumers to benefit from this gold bull run?
Click on the video link below for exclusive executive insights on this topic from Philip N. Diehl, 35th Director of the U.S. Mint and President of U.S. Money Reserve.
Related headlines from around the web:
- Bloomberg: “Gold’s Record-Setting Pace Is Exuberantly Rational”
- The Financial Times: “Gold price surges to record high”
- CNBC: “As gold scales all-time highs, Wall Street analysts say it has even further to go”
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.
