As gold hovers near record highs, some experts warn against going all in

With gold hovering near record highs, some experts have warned against diverting savings into the precious metal.

“An ETF that tracks is pretty decent for retail access, but that's really for people who want to day trade,” he said. “If you want to follow gold prices hour to hour, day to day, ETFs are good for that.”“You're buying a bunch of natural resources and given that we have lots of territory, we tend to have lots of gold miners,” he said. “People have already got gold exposure in their portfolios, frankly.

White says gold was a promising investment during the COVID-19 pandemic, but it’s impossible to predict when the next world-changing event might come.to strong central bank purchases, demand from Asian markets and haven buying amid conflicts in Ukraine and the Middle East.“When the global pandemic hit, it held its value quite nicely, but nobody could predict the global pandemic and then the recovery in the equity market was way stronger than what gold did.

“Keeping it in your house is just begging for someone to break in and steal it, right? Like, ‘Oh, I keep my $50,000 worth of gold at home.’ You're going to get robbed.” I Manage Money For Millionaires: 3 Things Wealthy Americans Never Spend Their Money On — and Two Things They Shouldn’t

Gold Prices Colin White Gold Miners Physical Gold

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