It’s undeniable, investing in gold is a lucrative investment. History favors this precious metal. For instance, in 2008, the value of gold per ounce was $865. In contrast, in 2021, it was trending at around $1800+. This means you could have more than doubled your value per ounce in about a decade.
However, the much you can make investing in gold depends on bazillions of factors. You must factor in your financial ability and risk tolerance versus averseness. Besides, your experience in speculating economic cycles is a huge determining factor. Also, having an in-depth understanding of what type of gold to invest in - physical or stock gold - plays a tremendous role in your portfolio strategy and returns. As an investor, you must understand your investment strategy to make a desirable return from it.