Gold prices are at all-time highs, and historical experience tells us that investing in gold has been an excellent way to hedge against severe market downturns or economic crises.
After the stock market crash of 1929, the price of gold rose from $21 per ounce to over $25 per ounce over the next few years — far outperforming the stock market. Gold also fared well — reaching over $850 per ounce — during the period of stagflation and economic turmoil in the U.S. during the 1970s.
Even as the stock market plummeted during the past recession, the price of gold continued to flirt with record high.
Here are the answers to some of the most frequently asked questions posed by beginner gold investors about building your pot of gold.
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