Leaders.com
  • Login
  • Subscribe
  • Business
  • Leadership
  • Wealth
  • Master Classes
  • Business
    • Entrepreneurs
    • Executives
    • Marketing and Sales
    • Social Media
    • Innovation
    • Women in Business
  • Leadership
    • Personal Growth
    • Company Culture
    • Public Speaking
    • Productivity
    • Hiring
    • Social Issues
    • Leaders
  • Wealth
    • Investing
    • Cryptocurrency
    • Retirement
    • Venture Capital
    • Loans and Borrowing
    • Taxes
    • Markets
    • Real Estate
  • Master Classes
  • Login
  • Subscribe
Investing Gold

Gold is a safe bet against the current market (Sven Hoppe/picture alliance via Getty Images)

By Tyler Hummel Leaders Staff

Tyler Hummel

Tyler Hummel

Tyler Hummel is a news writer for Leaders Media. He was the Fall 2021 College Fix Fellow and Health Care...

Full bio


Learn about our editorial policy

Mar 23, 2023

Some Say It’s Time To Buy Gold

With precious metals rising in value, investors are exploring the safest and most profitable way to invest in gold. 

Key Details

  • On Wednesday, the Federal Reserve announced its ninth interest rate hike in 12 months, signaling that the U.S. will continue to face a challenging battle against inflation. 
  • With inflation sitting at 6%, an ongoing international banking crisis, and months of recession fears looming, many investors consider making safe investments in places like gold and silver.  
  • Investments such as Bitcoin, silver, and gold are historic hedges against market trends and offer opportunities for less volatile protections against inflation and recession. 
  • Gold has seen a 6.7% year-to-date value increase—now at $1,970 per ounce—and rallied 8.1% in the aftermath of the Silicon Valley Bank crisis.

Why It’s Important  

Gold is widely considered to be one of the safest and most reliable assets to hold during times of economic downturn or inflation. Many avenues exist to purchase gold safely, including mining stocks and royalty companies, IRAs, coins, and bars. Other methods can involve high overhead and upcharges that lower your returns, often encouraging viewers to “buy gold.” Knowing how to buy gold is as crucial and know when to buy it.  

Garrett Goggin is a gold- and silver-stock analyst with Stansberry Research, a Baltimore-based publisher of newsletters for self-directed investors. He tells Leaders Media that gold is a safe investment in light of the current economy, going as far as to say that this is an ideal moment to purchase gold. As the dollar’s value depreciates, the cost of living suffers. The dollar becomes worth less with each $1 trillion that the Federal Reserve prints. 

“The beauty of physical gold is that you can hold it on you personally, and that is what protects you,” says Goggin, whose newsletter is Gold Stock Analyst. It can’t be stolen or it can simply evaporate like crypto or other digital assets.

Investing In Royalty Companies 

Goggin recommends investing in royalty companies, which he says can be one of the best ways to invest in gold. Royalty companies finance gold mines—but don’t do the actual mining—and receive a margin of total produced goods with limited overhead. As inflation drives up gold prices, it increases the margins of these companies. 

“Gold miners need hundreds of millions of dollars to finance mining operations. They’ll go to the bank, they’ll sell equity and then they’ll go to a royalty company like Franco-Nevada, saying ‘well give you 1% of the gold in the life of the mine in exchange for $500,000.’ They help the miners finance the project in exchange for gold, and they have access to hundreds of gold streams for decades. Companies like Franco-Nevada just count the money with little overhead. When the price of gold rises, their costs are fixed so their margins rise,” says Goggin.  

Safely Investing In Physical Gold 

The online gold market is readily available, and relatively easy to research and find the best deals. Goggin recommends searching the internet for options, putting in the research on the reputation of these websites, looking for reviews, and finding the best option to buy gold and silver with the lowest markup—such as reputable precious metals sites like APMAX with a 10% markup. 

“New MASA Coin and bars have a particular value, and you need to know what you’re doing. American Eagle is a classic gold coin, and you can find its sometimes with as low as a 5% markup. I recommend staying away from those unless you know what you’re doing. I recommend coins like American Eagles or Gold Bars online with the lowest market up possible. You can buy them at a 2.5% premium over their price of gold,” says Goggin.  

Backing Up A Bit 

Viewers of Fox News or The Ben Shapiro Show are likely familiar with companies that encourage viewers to “buy gold.” Commercials teaching people the importance of buying gold have been common in conservative media for decades, and companies like Birch Gold Group and Noble Gold Investments have become notable household names as a result. 

Goggin says “buy gold” advertisements are not necessarily scams, but they do come at a cost—and not all are reputable. Websites like Birch Gold and Nobel Gold sell legitimate IRA and 401K options, but at an up charge. 

“The whole ‘gold as an investment’ idea caters to fearmongering. Ads say, ‘the U.S. is going down the drain’ and ‘you need to buy gold to protect your assets.’ Gold ads appeal to these particular conservative news websites. Companies like Birch Gold and Noble Gold aren’t outright scams, but they’re charging for the services they offer,” says Goggin.  

“If you have an IRA, you can just buy into the GLD, and the expense ratio is only 25 basis points. You hold that in your name or company. Otherwise, the fees will be much higher. Your returns will be less.”  

Home / News / Some Say It’s Time To Buy Gold
Share
FacebookTweetEmailLinkedIn

Related Stories

Fortune 500 Reveals Economic Changes 

by Hannah Bryan Leaders Staff
Wealth

11 hours ago

Fortune 500

Fortune released its annual list of the 500 largest companies in the U.S., revealing the continued success of many big names along with a few changes.

Key Details

  • The 69th annual Fortune 500 list, which ranks the 500 largest companies in the U.S. by revenue, revealed that Walmart still tops the list. 
  • While companies like Walmart have remained at the top of the list for over a decade, this year’s list shows that oil companies are rising again after a brief dip.
  • Healthcare companies are also rising, urged on by growing demand for pharmaceuticals and healthcare needs, Fortune reports. 
  • The report also found that companies on the list are increasingly located in Texas and leaving California and New York. 

Go deeper

FacebookTweetEmailLinkedIn

YouTube To Permit Election-Fraud Claims 

by Tyler Hummel Leaders Staff
Social Media

11 hours ago

YouTube, the world’s largest video-sharing website, has announced that it will widen its policies to permit controversial political speech during the upcoming election cycle. 

Key Details

  • On June 2, YouTube announced in a blog post that it will be scaling back on its policy to suppress “election misinformation” as the 2024 election season approaches. 
  • YouTube says that it has re-evaluated its policies and realized that curbing misinformation came at the expense of harming political speech and having little effect on reducing real-world issues in the process. 
  • The platform will continue to prioritize authoritative sources and punish sources that purposely mislead voters with claims that discourage eligible voters or misdirect them on how to vote. The platform will also continue suppressing hate speech, violence incitement, and harassment.

Go deeper

FacebookTweetEmailLinkedIn

Apple’s Vision For the Future

by Hannah Bryan Leaders Staff
Tech

12 hours ago

At Apple’s World Wide Developers Conference, the company unveiled updates to its iMac, iPhone, iPad, and Apple Watch models, but the announcement with the most buzz was the unveiling of the Apple Vision Pro.

Key Details

  • On Monday, Apple announced updates to its current iMac, iPhone, iPad, and Apple Watch models, including changes to voicemail options and data processing. 
  • However, tech enthusiasts eagerly awaited Apple’s long-promised virtual-reality headset unveiling. 
  • The Apple Vision Pro is an augmented-reality headset that Apple CEO Tim Cook will usher in a new era of spatial computing. It will be available for sale early next year for $3,499.
  • The device allows the user to do many of the same tasks he would perform on his laptop on a virtual screen.
  • Apple promoted the product for various uses, including in the office, working remotely, watching movies, and gaming. 
  • “So in the same way that Mac introduced us to personal computing and iPhone introduced us to mobile computing, Apple Vision Pro will introduce us to spatial computing,” Cook says.

Go deeper

FacebookTweetEmailLinkedIn
pickleball
Entertainment

13 hours ago

America’s New Favorite Pastime

by Hannah Bryan Leaders Staff
Markets

13 hours ago

Driving Down the Price Of Eggs 

by Tyler Hummel Leaders Staff
manufacturing
Productivity

14 hours ago

A Strategic Push To Manufacture In the U.S.

by Hannah Bryan Leaders Staff

Recent Articles

Personal Growth

18 hours ago

The Executive’s Secret Weapon: Morning Meditation for Increased Productivity and Focus

Learn why leaders and executives practice morning meditation for performance.

Leadership

Jun 1, 2023

Transforming Impulsive Behavior: Unleashing the Disciplined Leader Within

Impulsivity can cause financial problems, reputation damage, and legal issues.

Leadership

May 31, 2023

Self-Sacrificing and Hate Attention? You May Be an Echoist, the Opposite of a Narcissist

An echoist, the opposite of a narcissist, is selfless, but lacks boundaries and self-esteem.

  • Business
  • Leadership
  • Wealth
Join the Leaders Community

Get exclusive tools and resources you need to grow as a leader and scale a purpose-driven business.

Subscribing indicates your consent to our Terms & Conditions and Privacy Policy

Leaders.com
  • Privacy Policy
  • About
  • Careers
  • Cookie Policy
  • Terms
  • Disclosures
  • Editorial Policy
  • Member Login

© 2023 Leaders.com - All rights reserved.

Search Leaders.com

x