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Why you should invest in gold before the next inflation report
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The next inflation report is expected on March 12 and, with it, heavy implications for the broader economy. While the reports for December and January showed inflation cooling, they were hotter than many economists would have liked. And inflation is still above the Federal Reserve’s target 2% goal. That said, an encouraging inflation report could affect markets — and, potentially, speed up the timeline for interest rate cuts.
It could also affect your investments. While the inflationary environment of the last two years has affected borrowing costs and savings rates, it’s also changed the investment landscape. Gold investing, for example, surged to an 11-year high last fall.
Thanks to its ability to hedge against inflation and diversify portfolios, it’s clear why gold investing interest has climbed. But should you invest before the next inflation report? Or are you better off looking for an alternative asset? Below, we’ll detail three reasons why you should consider investing in gold today.
Learn how a gold investment can help you now.
Why you should invest in gold before the next inflation report
Here are three reasons why you should invest in gold before the March inflation report.
Inflation is still elevated
Even if next week’s report shows inflation dropping in February, it’s highly unlikely that it will have dropped to the level where the Fed wants it. So a cautious investment in gold can still be beneficial. That’s because gold tends to maintain its value and can even rise in price during inflationary periods (it’s already hovering near a record high). And if the inflation report is poor, historic trends show a typical (but not guaranteed) drop in the stock market and a rise in gold performance.
Don’t wait for that to happen. Get invested in gold here now.
Your portfolio can still be diversified
If you were one of the many Americans who saw their retirement savings damaged in recent years, then you already know how important it is to diversify your portfolio. So why wait any longer?
By investing in gold now, you can add some much-needed protection — which could be as beneficial as soon as the inflation report is released. Just be careful not to overinvest for protection, either, as a successfully diversified portfolio caps gold at 10% or less (depending on your investor profile).
Inflation will return
Even if inflation dwindles to the Federal Reserve’s goal (or lower), it’s inevitable that it will spike again at some point. Since no one knows when that point is, it makes sense to be proactive and boost your protections now.
Inflation is cyclical and will be back at some point, but by investing in gold now, you’ll be better prepared to deal with its negative repercussions when it resurfaces.
Learn more about how gold can help with inflation today.
The bottom line
With another inflation report on the horizon, investors may find it beneficial to review their portfolio and beef up their protections with gold. It’s worth doing now because inflation is still higher than experts would like — and because your portfolio likely needs some diversifying. But with the inevitability of inflation returning at some unknown point in the future, it can be advantageous to invest in gold now. This will better protect you both this month and in the months and years ahead.
CBS News
Kamala Harris will speak with “60 Minutes” tomorrow. Here’s what to know for the interview.
Voters will get the chance to hear from Vice President Kamala Harris on Monday as she presents her case for why she should be president in a “60 Minutes” election special.
For decades, “60 Minutes” has featured both Republican and Democratic nominees for presidents, but this year, former President Donald Trump backed out after previously indicating he would be on the show. Correspondent Scott Pelley, who’d been set to interview Trump, will instead travel to Arizona’s Maricopa County, home to more than 60% of Arizona’s voters and a critical battleground in a key swing state.
One thing is certain about the election; with the U.S. deeply involved in both the wars in Ukraine and the Middle East, whoever wins on Nov. 5 will become a wartime president.
What Harris will discuss
Israel’s war started one year ago after Hamas launched a surprise terror attack and correspondent Bill Whitaker will discuss the ongoing war with Harris.
Harris will also discuss the economy, immigration, her record as vice president and the differences between herself and Trump.
Democratic vice presidential candidate Gov. Tim Walz will also appear.
Whitaker joined the Democratic ticket on the campaign trail this week to gain insight into their platform’s priorities and values, and what the candidates believe voters should know.
Why Trump pulled out of the “60 Minutes” interview
Leading up to the candidate hour, Trump, through campaign spokespeople, was the first candidate to accept the “60 Minutes” request to be interviewed for the special, according to CBS News. It had been agreed that both candidates would receive equal time during the broadcast.
Trump last sat down with 60 Minutes in 2020. He walked out during the interview with Lesley Stahl. Trump referenced the incident on Tuesday night at a Milwaukee press conference when asked about his decision not to participate in the Oct. 7 “60 Minutes” election special.
“Well, right now, I went to – they came to me and would like me to do an interview, but first I want to get an apology, because the last time I did an interview with them, if you remember, they challenged me on the computer,” Trump said. “They said the ‘laptop from hell’ was from Russia, and I said it wasn’t from Russia. It was from Hunter, and I never got an apology, so I’m sort of waiting. I’d love to do ’60 Minutes.’ I do everything.”
The Republican nominee for president emphasized that he felt he was owed an apology from “60 Minutes.”
“Let’s see if they do it. I wouldn’t mind doing 60,” Trump continued. “I’ve done ’60 Minutes’ a lot.”
In a statement on Tuesday, Trump campaign communications director Steven Cheung said that Trump’s team had not agreed to an interview.
“Fake News,” Cheung said in a post on X. “60 Minutes begged for an interview, even after they were caught lying about Hunter Biden’s laptop back in 2020. There were initial discussions, but nothing was ever scheduled or locked in. They also insisted on doing live fact checking, which is unprecedented.”
Previous Trump, Harris appearances on 60 Minutes
Trump previously sat down with “60 Minutes'” Mike Wallace in 1985, Pelley in 2015 and Lesley Stahl twice in 2016, first in July of that year and then again in November of 2016. He also spoke with Stahl again in 2018 and 2020.
Harris previously sat down with Whitaker last year. She also was interviewed by Norah O’Donnell, “CBS Evening News” anchor and “60 Minutes” contributing correspondent, in 2020.
How to watch the “60 Minutes” election special
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