Why are gold prices suddenly hitting record highs?

The buying price of gold futures has hit multiple record highs this year, rising more than 14% in value since Jan. 2. Campbell Harvey, professor of finance at Duke University, joins CBS News to explain what's motivating buyers.

[ulexite-tv]

I laughed at the Professor from Duke University shilling for ETFs and saying that holding physical gold is "risky" and that gold itself is "unreliable." And, by the way, Costco is selling gold to individual people, not to "institutional investors."

[jorgegomez]

You don’t own it you don’t hold it. This guy is a paper pusher

[nexussix]

This is bad news. Precious metals go up when the economy goes down. Brace for impact.

[jorgegomez]

Central banks and billionaires are buying

[JasonDarbee]

If you dont hold it you dont own it.
He never mentioned that the Fiat Funny Money is dying and the whole world wants off it

[traviscarpenter]

He said it’s complicated and risky to buy gold haha These people don’t want you to own physical gold because they can’t make money off you. When you hold your Real money you have complete control over your wealth no counter party risk.

[AminaCasazza]

I'm 49 and earn about £2M ($2.5M) per year and save about 30% in HYSA's. I've been reading a lot of articles mentioning how w0rthless 'cash savings' are in this current unstable economy. D0 you suggest I invst in real estate, stocks or Gold?

[SpanishKnight]

Maybe because the dollar is losing value from all the money printing? 😅

[davidfranklin]

Paper currency has a perfect track record- it has failed 100% of the time.

[randyb]

What they always fail to mention is: "You hold it, YOU own it". Can you hold an ETF? Can you trade an ETF for food at a supermarket? NO!

[gwilson]

This dude is so full of it that I bet he's taking his money for guesting today and putting it straight into bullion. Gold is volatile my behind, chart the price from 1972 until today on the screen misleading troll.

[bobsacamano]

they hold it for you just like Bankman-Fried

[shellywhite]

What are the best additions to a $500k portfolio to boost performance?, ETH is Up and will do better, I believe as indicators for profits continue to improve. investors like me believe that “Santa has come early” to the markets.

[REALwd]

If you don’t HOLD IT your DONT OWN IT.

[trailguy]

when i was born, gold was 35, now it's 2400. it's not a "spectcular investment" like navidia.

[healingbyqurannow]

Nothing equal having gold on hand, having gold with someone else no, bad idea.

[usptact]

How come? I was told that gold is an archaic thing of the past and that I should instead give my money to those croo… I mean fund managers instead!

[JohnAranita]

I gave my friend 1 Troy ounce of silver, because his name is Troy.

[liljrluvyaii]

Institutions buying gold… huh maybe they know something that we do know 🤷‍♂️

[DistrustHumanz]

The best investment in the entire world is land with its own freshwater source.