Sales of gold are doing just fine and dandy during this epic period of uncertainty. Gold prices on Monday are just $3 shy of an all-time high.
Experts attribute this to several things. Oh let’s see, a raging global pandemic, a tumultuous relationship with China, our main supplier of goods, record-high unemployment rates, and the stimulus bill that just cannot materialize no matter how hard we rub the lamp.
Gold hit a record high in September of 2011 at $1,920.30 per ounce. On Monday, it was trading at just shy of that at $1,1916.91 per ounce. Investors look to gold more than any other precious metal as a hedge against inflation and wealth preservation during unstable market conditions. If ever a time met that criteria, we’re in it!