The price of gold has been moving upward, hitting a new one-year high this month. So is now the time to ask – Should I invest in gold now? or should you pass on gold and look for a better long term investment?
Current economic conditions coupled with banking industry jitters and geopolitical tensions are causing investor concern. Gold could look like an attractive opportunity to help offset the impact of these concerns. While the precious metal has delivered periods of outperformance, over longer time spans gold has had trouble maintaining its shine. In this InvestEd video, Mark Armbruster, CFA shares current and historical data points as he discusses the pros and cons of investing in gold.