With a strong track record of retaining value, physical precious metals like gold may be able to help offset losses from other assets that occur because of economic downturns, international conflicts and other scenarios.“Gold can be a great diversification tool,” Kevin DeMeritt says. “Gold is used to diversify during recessions, market volatility, and war. When investors are worried about the economy, usually you get more people turning to gold, which can drive up its price.”The precious metal has, in fact, outperformed some major stock indexes in recent decades. From 2001 to 2021, gold prices, according to Lear Capital data, rose a whopping 566%; and silver grew in value by 377%. The S&P 500, on the other hand, increased by just 253%, and the Dow Jones Industrial Average was up 225% by 2021.
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