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3 gold investing approaches to take in 2024

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By taking a cautious, but thorough, approach to gold, this year investors will improve their chances of success.

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Gold investing took off in 2023, hitting an 11-year high in September. And it’s easy to understand why. Against a backdrop of stubborn inflation and higher interest rates, many Americans turned to the precious metal for its buffer against inflation and as a way to stabilize their larger portfolio. 

That said, the economics of 2024 are expected to be different. While there was optimism that inflation was cooling and that interest rate cuts could be coming as soon as March, that was halted this week when the latest inflation report saw an uptick in December. While it’s too early to know if this was an anomaly or an indicator of broader economic concerns, one thing is likely: Gold and the benefits of an investment will remain attractive in 2024, too. 

But with the economic uncertainty in consideration, there are some preferred gold investing approaches to take in the new year. Below, we’ll break down three to take.

Are you considering investing in gold this year? Start by exploring your options here now.

3 gold investing approaches to take in 2024

Here are three effective ways to approach your gold investment this year.

Be cautious 

With any investment, you’ll need to take a cautious approach. Gold is no different. Specifically, you’ll want to limit your investment in the precious metal to a maximum of 10% of your overall portfolio

In other words, don’t get completely out of stocks and bonds and dump that money into gold as a replacement. Remember that gold is better to stabilize those other volatile assets when the economy is shaky. So invest accordingly and cautiously. 

Based on your profile, you may want to be significantly under that 10% limit, too. Older investors, for example, may want to have less gold in their portfolio than younger ones.

How much should you be investing in gold today? Find out here.

Be realistic 

While gold has many attractive benefits — from its hedge against inflation and its ability to act as a safe-haven asset and portfolio diversifier — it’s not a traditional income-producing asset. So, be realistic about your expectations. If your sole goal is to have income coming in, you’re likely better off with stocks, bonds and maybe even real estate

This is not to argue that gold isn’t valuable (it can be), but it’s important to go into your gold investing approach clear-eyed and realistic by knowing what it can — and cannot — do for your broader financial situation.

Be thorough

While you may already have your eye on a particular type of gold investment (perhaps you’ve seen a television commercial for gold bars and coins, for example), you should be thorough in your approach. Gold bars and coins can be great for certain investors (and they’re easy to access online through top gold companies), but they’re not the only option to explore. 

Gold IRAs can be beneficial for retirement planning, as can silver IRAs. Gold stocks and gold futures, for the right investor, can also help achieve strategic goals. Similarly, gold ETFs may be a better fit for your portfolio. You won’t know which is best, however, until you take a thorough approach and research all of your potential options.

Learn more here.

The bottom line

Gold investing was advantageous for many last year and that’s unlikely to change in 2024, even with a still-developing economic outlook. But investors should be strategic with how they approach the shiny metal. Specifically, they should be cautious and not over-invest and they should be realistic with their expectations surrounding what gold can and cannot do. Finally, they should be thorough in their examination of all potential gold investing avenues to better improve their chances of getting started with the right type. By taking these three approaches investors will dramatically improve their chances of having a successful gold investment — both now and in the months and years to come. 



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Indiana Fever fire coach Christie Sides after Caitlin Clark’s breakout season

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The Indiana Fever fired coach Christie Sides on Sunday, the organization announced.

Sides went 33-47 in her two seasons with the squad, including going 20-20 this season. The Fever made the playoffs as the sixth seed and were swept in the first round by the Connecticut Sun.

Indiana is the sixth team to make a coaching change this offseason, joining Dallas, Atlanta, Chicago, Washington and Los Angeles. All of the coaches let go had three years or less experience.

Fever-Sides Basketball
Indiana Fever head coach Christie Sides reacts during Game 2 of a first-round WNBA basketball playoff series against the Connecticut Sun, Sept. 25, 2024, in Uncasville, Conn.

Jessica Hill / AP


Whoever takes over the Fever will have a strong young core to work with, led by Caitlin Clark and Aliyah Boston. The pair have won the last two WNBA Rookie of the Year awards.

“We are incredibly thankful to Coach Sides for embracing the challenge of leading us through an integral transition period over the last two seasons, while also positioning us well for future growth,” Fever president of basketball operations Kelly Krauskopf said.

“While decisions like these are never easy, it is also imperative that we remain bold and assertive in the pursuit of our goals, which includes maximizing our talent and bringing another WNBA championship back to Indiana. Coach Sides was an incredible representative of the Fever and our community, and we wish her nothing but success in the future.”

Krauskopf came back to the Fever earlier this month after spending time with the Indiana Pacers.

Fever Sparks Basketball
Indiana Fever guard Caitlin Clark (22) is greeted by coach Christie Sides after a foul during the first half of the team’s WNBA basketball game against the Los Angeles Sparks in Los Angeles, Friday, May 24, 2024.

Ashley Landis / AP


Sides was a longtime assistant in the league, spending time with Chicago (2011-16), the Fever (2017-19) and Atlanta (2022) before getting the head coaching job. She replaced Marianne Stanley and her interim successor, Carlos Knox, who coached in the 2022 season.

Sides had two years left on her contract.

The Fever haven’t had a head coach last for more than three years since Lin Dunn, who coached from 2008-14. Since then, they’ve had Stephanie White (2015-16), Pokey Chatman (2017-19) and Stanley (2020-22).

Indiana had a brutal schedule to start the season and lost eight of their first nine games. The Fever finally got going after the Olympic break, winning seven of eight to get into playoff contention.



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Pennsylvania top election official says that 2020 ligation upheld that “elections were accurate”

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Pennsylvania’s top election official said Sunday that the commonwealth’s 2020 elections were “accurate,” while saying Pennsyvlania is “not susceptible to any sort of widespread voter fraud” — and he said officials are preparing with heightened security to combat threats as Election Day draws near.

“Time and time again, in many dozens of cases in 2020, every one of those cases upheld that our elections were accurate and that we’re not susceptible to any sort of widespread voter fraud or anything like that,” Secretary of the Commonwealth of Pennsylvania Al Schmidt said Sunday on “Face the Nation with Margaret Brennan.”

The issue of election integrity is top of mind in battleground Pennsylvania, where last week, the Lancaster County district attorney reported incidents of voter registration fraud among a group of around 2,500 ballots. Schmidt said the country reached out to his office “right away” for guidance and is pursuing an investigation “responsibly.” And the top election official said he’s working with counties to provide the resources needed “so that we have a free, fair, safe and secure election in 2024 just as we had in 2020.”

Meanwhile, election officials are combating threats to election workers. Schmidt said in 2020, officials had to “scramble to figure out when threats were incoming,” while outlining the changes put in place since then, including an election threat task force made up of federal, state and local law enforcement partners and election administration. He noted that open lines of communication and clear responsibilities have also made the commonwealth better prepared. 

“So that if any of the ugliness returns that we experienced In 2020, everyone will be ready,” Schmidt said.

Schmidt committed to certifying the election results even if the winner is of the opposite political party, as did Arizona Secretary of State Adrian Fontes, who also appeared on “Face the Nation” on Sunday. 

Fontes said the state’s safety and security protocols surrounding election results tabulation are a stark departure from recent years. 

“It’s absolutely, completely different from 2020. In fact, I remember in 2018 our greatest security threat was a rattlesnake in the parking lot at the Pinnacle Peak Precinct,” Fontes said. “So this is a radically different set of circumstances that we are dealing with, but we are prepared, and we’re going to have a secure election.”



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Pennsylvania top election official says that 2020 ligation upheld that “elections were accurate”

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Published

on


Pennsylvania’s top election official said Sunday that the commonwealth’s 2020 elections were “accurate,” while saying Pennsyvlania is “not susceptible to any sort of widespread voter fraud” — and he said officials are preparing with heightened security to combat threats as Election Day draws near.

“Time and time again, in many dozens of cases in 2020, every one of those cases upheld that our elections were accurate and that we’re not susceptible to any sort of widespread voter fraud or anything like that,” Secretary of the Commonwealth of Pennsylvania Al Schmidt said Sunday on “Face the Nation with Margaret Brennan.”

The issue of election integrity is top of mind in battleground Pennsylvania, where last week, the Lancaster County district attorney reported incidents of voter registration fraud among a group of around 2,500 ballots. Schmidt said the country reached out to his office “right away” for guidance and is pursuing an investigation “responsibly.” And the top election official said he’s working with counties to provide the resources needed “so that we have a free, fair, safe and secure election in 2024 just as we had in 2020.”

Meanwhile, election officials are combating threats to election workers. Schmidt said in 2020, officials had to “scramble to figure out when threats were incoming,” while outlining the changes put in place since then, including an election threat task force made up of federal, state and local law enforcement partners and election administration. He noted that open lines of communication and clear responsibilities have also made the commonwealth better prepared. 

“So that if any of the ugliness returns that we experienced In 2020, everyone will be ready,” Schmidt said.

Schmidt committed to certifying the election results even if the winner is of the opposite political party, as did Arizona Secretary of State Adrian Fontes, who also appeared on “Face the Nation” on Sunday. 

Fontes said the state’s safety and security protocols surrounding election results tabulation are a stark departure from recent years. 

“It’s absolutely, completely different from 2020. In fact, I remember in 2018 our greatest security threat was a rattlesnake in the parking lot at the Pinnacle Peak Precinct,” Fontes said. “So this is a radically different set of circumstances that we are dealing with, but we are prepared, and we’re going to have a secure election.”



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