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Why you should buy gold bars and coins this September
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Gold bars and coins can seemingly feel like timeless investments but, like all assets, there are generally better times to get started than others. This has been particularly pronounced in recent years, as those invested in gold benefited from the protection it can offer against inflation. While other assets experienced volatility, gold remained relatively steady. And the price of the precious metal has risen by more than 20% this year, even as inflation has cooled significantly.
However, a rising price — and expectations that it could soon hit $3,000 per ounce — means that investors will soon need to make a timely decision regarding gold bars and coins. Should they get started now, or potentially lose out on the investment opportunity altogether?
For many prospective investors, whether seasoned or just beginners, there’s a compelling case to be made for buying gold bars and coins this September. Below, we’ll detail three reasons why they should consider doing so.
See how the right gold investment could benefit you here now.
Why you should buy gold bars and coins this September
Is now the right time to invest in gold bars and coins? Here are three reasons why it could be worth doing this September:
The price could soon become prohibitive
The price of gold has surged so far in 2024, starting at $2,063.73 per ounce on January 1 to more than $2,500 for that same amount this week. And there are no imminent signs of cooling, with many expecting the price to rise even further in the weeks and months ahead. If you wait, then, the price could soon become prohibitive. This is especially true for gold bars and coins, which are already subject to a marked-up price when purchased through certain avenues. So don’t wait for that to happen. Remember that, overall, gold’s price only heads upward. Act now before that upward trajectory prevents you from buying in.
See how much a gold bars and coins investment could cost you today.
You can sell it quickly
A rapidly rising gold price offers investors a unique opportunity – the ability to sell it quickly at a profit. Gold is typically not relied upon for this feature as it’s historically been better used as a safe-haven asset to protect a portfolio during uneven economic cycles. But, right now, investors can sell it quickly at a substantial profit. If you had bought gold bars and coins in January, for example, and sold them now, you could have earned hundreds (if not thousands of dollars) in profit. But, again, if you wait for the price to rise even further, you may be priced out of this rare profit-earning potential. So if you know you want to buy and sell relatively quickly, consider being aggressive now.
It’s smart to have for your portfolio
Putting aside the rising price and the chance of turning a quick profit right now, gold is generally just smart to have in your portfolio at any time, even now. Inflation is cyclical and interest rates rise and fall in tandem. So while both are waning now, they will rise again in the future, perhaps unexpectedly as we have seen in recent years. When that inevitably happens, your portfolio will benefit from the protection and stability that gold bars and coins have always offered. Simply make sure to limit this particular investment type to a maximum of 10% of your overall portfolio to avoid crowding out other, more volatile, income-producing assets like stocks, bonds and even real estate.
The bottom line
If you’re considering buying gold bars and coins, this September could be a smart and strategic time to do so. By acting now, you could take advantage of the last time to buy in at a cost-effective price. And with the potential for the price of the metal to tick up even higher, buying in now offers a rare opportunity to sell gold at a quick profit. Finally, with the features of a gold investment timeless for every investor’s portfolio, it makes sense to get started now ahead of when you will need to rely on its stability during the next economic downturn.
Have more questions about buying gold bars and coins? Speak to a professional here now to learn more.
A food company known for popular grocery store condiments has recalled a package of tortilla strips that may be contaminated with wheat, the U.S. Food and Drug Administration said Friday. The product is meant to be gluten-free.
Sugar Foods, a manufacturing and distribution corporation focused mainly on various toppings, artificial sweeteners and snacks, issued the recall for the “Santa Fe Style” version of tortilla strips sold by the brand Fresh Gourmet.
“People who have a wheat allergy or severe sensitivity to wheat run the risk of serious or life-threatening allergic reaction if they consume the product,” said Sugar Foods in an announcement posted by the FDA.
Packages of these tortilla strips with an expiration date as late as June 20, 2025, could contain undeclared wheat, meaning the allergen is not listed as an ingredient on the label. The Fresh Gourmet product is marketed as gluten-free.
Sugar Foods said a customer informed the company on Nov. 19 that packages of the tortilla strips actually contained crispy onions, another Fresh Gourmet product normally sold in a similar container. The brand’s crispy onion product does contain wheat, and that allergen is noted on the label.
U.S. Food and Drug Administration
No illnesses tied to the packaging mistake have been reported, according to the announcement from Sugar Foods. However, the company is still recalling the tortilla strips as a precaution. The contamination issue may have affected products distributed between Sept. 30 and Nov. 11 in 22 states: Arizona, California, Colorado, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Maryland, Maine, Michigan, Minnesota, North Carolina, New Jersey, Ohio, Oregon, Pennsylvania, Texas, Utah, Virginia and Washington.
Sugar Foods has advised anyone with questions about the recall to contact the company’s consumer care department by email or phone.
CBS News reached out to Sugar Foods for more information but did not receive an immediate reply.
This is the latest in a series of food product recalls affected because of contamination issues, although the others involved harmful bacteria. Some recent, high-profile incidents include an E. coli outbreak from organic carrots that killed at least one person in California, and a listeria outbreak that left an infant dead in California and nine people hospitalized across four different states, according to the Center for Disease Control and Prevention. The E. coli outbreak is linked to multiple different food brands while the listeria outbreak stemmed from a line of ready-to-eat meat and poultry products sold by Yu-Shang Foods.
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