Gold Hits $2000: Should You Add it to Your Portfolio?
Channel: BTC Lighthouse
Date: 11/04/2023

I've been tweeting about gold since 2015, and today, it's hitting all-time highs at $2000 an ounce. But is it worth investing in? Central banks around the world seem to think so. Many countries have been increasing their gold reserves in recent years.

For example, China and Russia have aggressively increased their gold exposure, potentially distancing themselves from a weakening US monetary system. Even smaller countries have been some of the biggest gold purchasers relative to their GDP.

So, should you consider gold as part of your investment portfolio? While gold may have stagnated in the 80s and 90s, it has been on the rise in the last 20 years and it's still an essential part of many central bank reserves.

Many investors have considered gold as a hedge against central bank money printing, a trend that is likely to continue.

#shorts