Gold’s shiny track record this year has the precious metal up around 16 per cent since January, up around 24 and a half per cent over the past year and over 71 per cent since 2019. The case for gold investment has been echoed as a hedge against inflation and a safe haven in geopolitical turmoil.
We visited Border Gold in Surrey, British Columbia and spoke with GlobalBC and CNKW financial contributor Robert Levy. He breaks down gold investment in terms of stock vs. physical gold and the emergence of Costco in the physical gold market.
Levy previously shared his perspective on gold’s outlook for the remainder of 2024.
As of Friday, gold was last trading at US$$2,401.00 an ounce.
For more trending gold stories, go to Stockhouse’s gold page. For additional information on increasing the gold in your portfolio, check out more conversations with Resource Maven’s Gwen Preston at VRIC and about where the gold growth in Canada is focused.
As well, check out three TSX gold companies that are up on the year.
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Join the discussion: Find out what everybody’s saying about gold stocks and more by checking out Stockhouse’s stock forums and message boards.
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