For centuries, gold has been used as a store of value, and many turn to it in times of crisis to shield their wealth. During this pandemic, gold managed to surge to a new all-time high of over $2,070. Although correction kicked in, gold is still attractive to many investors who seek to own some of it due to its stability throughout its history.
One expert who oversaw the investment of billions in client assets, Ken Poirot, shared with reporters how to invest in gold to get huge returns on investment in 2021 and beyond. Based on his past comments, he said, “Owning physical gold is the best way to buy and invest in gold.”
Poirot reveals where investors can buy the precious metal and highlighted the mistakes to avoid when investing in gold. He commented:
“Rather than investing in physical gold, many investors attempt to pick the best gold mining stocks, ETFs; or even try the gold futures market; all these alternatives to physical gold investing could cost investors their potential return on investment.”
On the contrary, when investing in gold, it is always best to keep it simple: BUY PHYSICAL GOLD.
Additionally, Poirot says:
“More and more Wall Street gold analysts are coming forward with bullish forecasts for the future price of gold…analysts say $3,000 is assured; $10,000 is likely; $20,000 is possible.”
Putting these predictions into perspective, currently gold is trading at less than $2000 per ounce. Just like many other analysts, Poirot also expects that investing correctly in gold will result in huge returns on investment in 2021.
China’s looming economic collapse, the crumbling US economy, the global recession, and the Fed’s new willingness to let inflation rise unchecked are the main factors contributing to higher gold prices. Taking these reasons into context, investors may double their money by investing in gold in 2021.