Gold is considered a great way to diversify your investment portfolio and to hedge against inflation. It isn't like other commodities because there is a long-held belief that gold is a store of value beyond its uses.1 Before you invest in gold, it's important to understand the historical price fluctuations and how those correspond with other markets, even as it's easy to get carried away when you see gold prices spiking.
A 50-plus-year historical chart of gold prices will help us explore the reasons behind the fluctuations. In addition, we will discuss the potential benefits of investing in gold and give tips on buying and holding this precious metal.
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