Who else is making their portfolio a little recession-proof with some gold ?
If you're looking to invest in goal this ETF is worth a look. The ETF ticker is IAU and it is offered by iShares. iShares is a series of ETFs that are ran by BlackRock which is one of the world's largest Asset Management Companies with over 6 Trillion assets under management.
This is not a traditional ETF and you are investing in gold bars held in vaults all over the world.
Once the price of gold goes up the price of your investment will also increase value and vice versa. You are pretty much investing in a commodity and in this case that commodity is gold.
Gold has always held its value in times of recession and some people see this as a necessary part of diversification in their portfolios.
Year-to-date this ETF is up 19% And Over The Last 5 Years it is up 22%.
So when you look at the growth chart over a 1-year period it is up 19% and then you look at it over the last five years over the last five years this ETF has only grown 22%.
Over the last year it has grown 19% which is a huge growth spurt when you compare it to the 5 year period. And I believe the reason for that is there is this a looming fear that there is an impending recession coming and such more people are buying up gold.
Because we have been on a bull run for more than 10 years. Typically the market tends to have a recession around every 10 years and as you can see from the growth over the last year the stock has pretty much grown as fast as it has grown over 5 years within a 1-year period.
Anyways these are just my thoughts I am invested in this ETF and for diversification reasons as well as for some insulation from any kind of recession madness.
let me know what you think of this investment in the comment section below
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