Invest in Gold and Give Your Portfolio Some Shine
The year 2020 hasn’t felt like the golden age of anything, except maybe for gold itself. Early August saw the shiny yellow stuff hit an all-time high of more than $2,000 an ounce. Prices have fallen back since then, but it has still been an excellent year for gold investors so far: The price of the metal has risen by 27.5% in 2020, compared with a 21.8% total return for the Nasdaq Composite stock index and a 4.8% total return for the S&P 500. Even longtime gold detractor Warren Buffett recently purchased stock in a gold mining company. (Prices and returns are through September 11.)
