Gold Isn’t the Safe Haven You Think It Is

Is gold a buy today? The yellow metal continues to run to multi-year highs. So is it too late?

Or should you consider silver?

Then you must wonder if it’s better to own the miners of the precious metals… or the actual metal… or what about an ETF?

So many questions about gold and silver are top of mind for investors right now. And it only gets more complicated when you add cryptocurrencies, copper, and other metals into the mix.

During a time when central banks around the world are keeping interest rates near record lows and currencies are being “printed” to pay for stimulus, it makes sense that commodities are an attractive investment option.

That’s why I recorded a special episode of MoneyLine today, and it’s available now for you watch. I share my specific thoughts on gold, silver, bitcoin and altcoins, the miners, copper, and even uranium stocks!

Not only do I delve into whether each is a viable investment in the current environment, I also discuss why gold should actually not be considered a safe haven. Believe it or not, gold has been a horrible store of value over the last 30 years. I expect to ruffle some feathers with my analysis in today’s podcast, but you need to hear the truth.

At the same time, I’ll also explain why precious metals are one of my top investment ideas right now – in lieu of gold!

Make sure to tune into today’s special episode of MoneyLine.

And don’t worry… I will still be back in touch on Friday as part of our regular schedule. If you want me to discuss a specific stock in the next installment of “Making Money with Matt McCall,” please send your requests to @MatthewMcCall on Twitter as soon as possible!

Have a great rest of your day, and I’ll talk with you again tomorrow.

P.S. Gold is typically considered the best safe haven during times of market turmoil, but a new commodity is giving the old-school yellow metal a run for its money.

I’m talking about cryptocurrencies.

This year has certainly been volatile, and through it all gold has climbed about 20%. But bitcoin – the first and largest cryptocurrency – is up 30%. And smaller altcoins are performing even better.

To help identify the most valuable coins, my research time and I dedicated months to crafting our 10-factor system for identifying the strongest cryptocurrency investments.

Our system has already helped us uncover 11 select altcoins that I believe have massive 10X potential over the long term, and they’ve been performing exceptionally well – up 95% on average since January 7.

This is only the beginning, and it’s not too late to climb on board. Click here now to make sure you’re not left behind.

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Article printed from InvestorPlace Media, https://investorplace.com/moneywire/2020/07/gold-isnt-the-safe-haven-you-think-it-is/.

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