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Showing posts from February, 2020

Gold is the new Green

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A shiny, yellow piece of metal that we call gold is commonly used for products such as the phone you are maybe using right now. A majority of people go to gold when there are the problems going on affecting the United States and the world. The Corona-virus, risk of recession, and other fears means that people will turn to gold as a safe haven. Also the risk of recession will definitely cause gold to rise because people are scared the inflation will devalue their money, but gold will keep its value when there is inflation causing more people to buy gold. Gold companies such Barrick Gold Corp(GOLD) or gold mutual funds would be the best to buy because buying gold directly won't give you much value when you are waiting for it to go up while gold stocks, ETFs, and mutual funds can give you dividends which is better.