Why Gold Is Seeing Record High Demand Right Now | WSJ

Gold is hitting record highs. But this new rally is bucking long held trends for the commodity, and bringing in a new class of investors. Typically, gold prices peak in periods of economic weakness and recessions; but by most measures, the U.S. economy is doing pretty well.

WSJ breaks down the factors driving gold’s historic rise, and what makes it different from previous rallies.

Chapters:
0:00 Gold’s rally
0:48 What’s driving gold’s rally
3:51 What makes this different?
5:04 What this means for investors

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[DonaldMark-nese]

At this moment, it is crucial for individuals to prioritize investing in alternative streams of income that are not reliant on the government, particularly with the existing worldwide economic crisis. Investing in stocks, gold, silver, and digital currencies can still be profitable during this period. Therefore, it is advisable to explore these investment options to secure one's financial future.

[Patriciabanks]

Banks are buying gold and other Precious Metals because of they have remained stable or appreciated in this shambolic times with these banks collapsing, META down 40k, ALLP down 35k, Draft Kings down 6k, NIO down 15K, ABML down 8k, and my wife doesn’t know. I'm just hanging on to Jim Cramer's words about opportunities in volatile times so perhaps, I either wait for a recovery or pick profitable investments to substitute for my loss.

[darnellcapriccioso]

The current market/economy is unnecessarily tougher for boomers/senior citizens, I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.

[alexsteven.m]

Considering the current market uncertainty, it appears prudent to consider investing in gold or a gold ETF. I'm contemplating allocating over $300k for retirement purposes. While the potential for short-term gains in a bullish market is enticing, I recognize the importance of maintaining a long-term investment strategy.

[PMackenzie-vwwb]

My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.

[NicholasBall]

Given the current market uncertainty, it seems wise to consider investing in gold or a gold ETF. I'm thinking of allocating over $300k for retirement purposes. While the potential for short-term gains in a bullish market is appealing, I understand the importance of maintaining a long-term investment strategy.

[tonysilke]

So how exactly can we guard against the coming financial reset for 2024? Like what are really the best strategies to make our portfolio recession proof against the incoming financial reset? I'm very worried about my $110k stock portfolio.

[GillerHeston]

Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.

[biankabrodeur]

I'm considering a big investment of about $40, 000 in gold because I suspect it could be a great move. However, I'm still a bit skeptical. Any thoughts or advice on this?

[Anthony-bhdd]

Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.

[Viviko]

Gold isn’t an investment. It’s a savings account.

[hullbruce]

Gold looks like it's going big this year. I really want to profit from it this year. I have about $40k I want to invest. My brain doesn't do very well in understanding these things. How do I go about it?

[micheal_mills]

Buying silver and gold is easy, but it is renowned for stability during economic hard times like this. The main problem is investing in stocks, dividends and even cryptocurrencies to grow your portfolio.... I’ve been trying to grow my portfolio of $190K for some time now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions

[Meowmeow.age.]

Gold and silver have industrial applications.

People always wish they had bought gold and silver after their currency collapses, but before the collapse they think it is just jewelry.

[Kris-scoc]

By the time something is on the news you’re too late

[wvjp]

You shouldn’t be asking “why is gold in such demand?”, you should be asking “why are people dumping fiat currencies?”

[expert]

Historically speaking Bitcoin doesn’t do much immediately after the halving - but it does do impressive spikes and tops out around 18 or so months afterwards. No one can time the market, but I'd say it's worth considering entering a position at current prices and if further dips occur, just add to your position. Over the long run, there is a higher probability to the upside than the downside, .It's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.4Bitcoin to a decent 18Bitcoin in the space of a few months...I've personally benefited from following Aaron Klaus ’s trading tactics which speaks volumes about his expertise.

[okaydamian]

People try to predict the economy not realizing it is a command economy, central planning! my question is, instead of having much cash in bank that could lose value to inflation, do I invest in stocks or buy gold to safeguard and grow my wealth?

[Tbui]

I think he was trying to say, “these young people are skeptical of MODERN and financial assets.”. I am no historian, but stock markets and currencies are fairly new when compared to trading with gold.

[leeeduncan]

Gold has the same value. Currency is dropping.