What are the Gold Prices in the U.S. Today?
For thousands of years, gold has been considered one of the most important investments all over the world. As debt levels continue to rise in the United States, the finite nature of gold makes it a more important investment.
Therefore, it is important to stay on top of the current price of gold. Learning about the price of gold and how gold fluctuates in price is so valuable in the world today. The executives at Allegiance Gold have the research and analysis to share with you on how the price of gold can help your financial portfolio. After your find, the best way to check the price of gold in the USA in this article, contact Allegiance Gold to get your FREE gold IRA guide to learn more on the price of gold.
What Is The Gold Price Today In The USA?
Unlike stocks, gold is a commodity that trades around the clock. If you would like to see the current price of gold in the USA, you can check this chart from Kitco which provides a life update on gold 24 hours a day.
Recent Price History Of Gold
As of 2021, gold is near its all-time high price of around $1,800 per ounce. In the past five years, the price of gold has risen from a price of $1,250 per ounce in 2016. This gives the price of gold a 5-year return of about 70%. As inflation becomes more of an issue in the United States and around the world, it is expected that gold may become one of the most attractive assets available for retail investors.
Here’s a look at the average price of gold over the past ten years:
Average Gold Price (2012-2021)
Why Gold Is An Important Investment
Gold is one of the most important investments for a number of reasons. Here’s a look at why you may want to consider gold as part of your portfolio:
1). Act As An Inflation hedge
Inflation can be a real killer when it comes to the everyday investor. That’s because inflation can eat away at the purchasing power of just about anyone. However, gold’s finite nature makes it inflation-proof. As prices of everyday items like food, gas, and real estate go up with the price of inflation, gold will tend to outperform these assets simply because it is more rare. Therefore, holding some of your portfolio in gold can help protect you during times of recession.
2). It Is Uncorrelated With Stocks
Many people hold just about all of their assets in stocks. However, if you put some of your investment in a gold IRA, then you can have a hedge that will protect your portfolio in case of a stock market crash. That’s because gold tends to move in the opposite direction of stocks. This can help smooth out your returns and not have to deal with massive portfolio drawdowns.
3). Gold Holds It’s Value
Gold is attractive because it has held its value for thousands of years. This is contrary to fiat currency such as the US dollar which has lost 99% of its value since President Nixon closed the gold window in 1971. In fact, almost all fiat currencies have lost close to 100% of their initial value. Compare that to the value of gold which goes up, long term, versus fiat currencies.
How To Invest In Gold
If you are looking to invest in gold, there are three excellent options available for you. Here’s a look at three great ways to invest in gold.
1). Physical Gold
You can purchase gold coins and gold bullion and take them into your physical possession. This will ensure that you have no third-party risk to your asset. Also, you can easily and privately turn your gold into cash when you wish.
2). Gold IRA
You can also purchase gold and place it into a gold IRA. With a gold IRA, your taxes on capital gains are deferred until you reach retirement age. This is a great option for the long-term ownership of gold. Allegiance Gold can offer you a FREE gold IRA guide for you to learn more about the benefits of having a gold IRA.
3). Gold Custody
If you don’t want to take the physical custody of gold, then you can have a third party hold your gold for a small storage fee.
Staying On Top Of The Price Of Gold In The USA
Knowing the price movements of gold is an excellent idea if you plan to be a long-term gold investor. You can check to see how gold reacts against the stock market and during times of inflation. Over the long term, it would not be surprising to see the price of gold reach new all-time highs. For more information on how you can invest into physical gold or a gold IRA, make sure to contact the executives at Allegiance Gold. With the hard times that we went through in 2020, and now inflation becoming higher and higher, Allegiance Gold is here to help you preserve your wealth.