Gold prices have hit a record high in recent days, with current levels at $3,406 per troy ounce, representing a 30% increase from last year’s price. This surge has made gold the most sought-after investment among stocks, bonds, and Bitcoin holders alike. Despite some calling it a short-term trend, gold’s long-term performance suggests otherwise. Over the past two decades, the SPDR Gold Shares ETF (GLD) has seen an impressive 630% return, outperforming major US stock indices like the S&P 500 by 85 points.
Source: https://www.barrons.com/articles/buy-gold-price-investing-portfolio-9f97260c