The Smart "Low-Risk, High-Profit" Way to Own and Trade Gold Right Now
July 31, 2020 at 05:00 AM EDT
Gold, the oldest protective play there is, is new again. Coronavirus is tightening its grip on the U.S. economy. Did you see the second-quarter GDP numbers? A record-breaking 32% contraction. The third quarter should be at least a bit better, at least on paper, but with the pandemic no one I know is staking much on that. No wonder the yellow stuff just hit an all-time high of $1,971 and change just this past Monday. That's a gain of a bit more than 27% for 2020, and 36% for the past year. I don't think the run is over - not by a long shot. Some conservative analysts are saying gold could top $2,000 an ounce before the year is through. I think that's just like how it sounds: conservative. At this rate, it's not out of the question to think it could top $2,000 way before Labor Day. Every investor should have long gold positions right now. They'll be protected, sure, and they'll see some appreciation - even more as the toppy market rolls over and the dollar weakens further. But here's the thing: For as many investors as are rushing in right now, I'd bet very few will realize how to play gold, let alone maximize their gold profits in this climate. So, before you go out and by so much as a gram, make sure you read this, and make these exact moves... Full Story The post The Smart "Low-Risk, High-Profit" Way to Own and Trade Gold Right Now appeared first on Money Morning - We Make Investing Profitable . So, before you go out and by so much as a gram, make sure you read this, and make these exact moves... Tags: Gold To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.