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Why you should invest in gold before 2025
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The price of gold continues to shatter records in 2024. Not only has the price broken numerous records so far this year, but the precious metal recently hit an all-time high of $2,730 per ounce, pushing past the previous price barriers once again. Three main factors are helping to drive this explosive growth: heavy buying from central banks, ongoing inflation concerns and expected interest rate cuts by the Federal Reserve.
As a result, many investors are wondering if gold’s high price means they should wait to buy. But financial experts say the current market presents unique opportunities. They point to strong signals that suggest gold prices could climb even higher.
We consulted three industry professionals about why now might be the right time to invest in gold — even with the recent price trajectory. Here’s what they had to say.
Find out how gold could benefit your investment portfolio today.
Why you should invest in gold before 2025
Below are three compelling reasons to consider investing in gold before 2025 rolls around:
The potential for continued price appreciation
Many analysts predict gold prices will reach $3,000 per ounce in 2025, representing a significant jump from current levels.
“With favorable conditions continuing to prevail in markets today, we [may] see gold well over [that target soon],” says Brett Elliott, director of marketing at American Precious Metals Exchange (APMEX).
The U.S. national debt adds another factor that could drive prices higher.
Michael Boggiano, managing partner at Wealthcare Financial, warns that rising debt levels could devalue the U.S. dollar, potentially triggering a financial crisis. This scenario could push gold prices even higher as investors seek safer alternatives.
Start adding gold to your investment mix now.
To hedge against economic uncertainty
Recent events prove gold’s value during market turmoil.
“Take the COVID-19 pandemic for example,” notes Boggiano. “[It] caused the 2020 market crash. This [drove gold’s price] to an all-time high of almost $2,100 per ounce.”
The precious metal has also shown its strength against inflation. Elliott points out that while inflation has eaten away more than 20% of the dollar’s purchasing power since 2020, gold has risen from under $2,000 to over $2,700 per ounce in four years.
This protective power becomes even more evident in countries facing severe economic challenges, where gold has helped preserve wealth during periods of extreme inflation.
For the diversification benefits
Elliott highlights that the traditional stocks and bonds balance doesn’t work like it used to.
“[They’ve] become correlated in recent years,” he says, limiting their effectiveness for portfolio diversification.
This shift has led investors to seek alternative assets that protect their wealth during market turbulence. Gold has proven particularly effective at this role by moving independently when other investments falter.
But how much should you invest? “[It’s] best to hold a small position in gold for the ‘what-if’ scenario,” advises Mark Charnet, founder and CEO of American Prosperity Group. He recommends making systematic investments you can maintain through good and bad market cycles.
Waiting until 2025 to buy gold could be costly
History gives us a clear warning about trying to time the gold market. Elliott recalls when gold cost less than $300 per ounce in 2000.
“There were people in 2006 who looked at gold priced at $600 an ounce and said they’d rather wait for the market to cool … [and it never did],” Elliott says.
Those who held off for lower prices missed out on significant gains.
That’s why instead of trying to time the perfect entry point, experts recommend a steady approach. Consider starting with smaller purchases and adding to your position regularly over time. This strategy, known as dollar-cost averaging, helps reduce the impact of price swings while building your gold holdings responsibly.
The bottom line
A balanced approach is key when adding gold to your portfolio before 2025. While some may want to dive in heavily given current market conditions, Charnet recommends limiting gold to no more than 10% of your investment portfolio — even in good times for the precious metal. This allocation is enough to benefit from its protective qualities while maintaining healthy diversification.
If you’re new to gold investing, start with “physical gold from a sovereign mint, and avoid collectibles for your first investments,” suggests Elliott. He emphasizes sticking to reputable companies only — and that’s where a financial advisor can provide guidance.
Consult with one to devise a strategy that lines up with your long-term goals and risk appetite. Remember that gold investing works best as a steady, long-term bet rather than a short-term or speculative venture.
CBS News
How to watch the Minnesota Vikings vs. Chicago Bears NFL game today: Livestream options, more
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The Minnesota Vikings will take on the Chicago Bears today. The Vikings are currently 8-2, an impressive run so far this season, and will be looking to add a fourth win to their current streak after last Sunday’s 23-13 win against the Tennessee Titans. The Bears, on the other hand, are entering this game on the heels of a four-game losing streak after a tough 20-19 loss against the Green Bay Packers last Sunday.
Here’s how and when you can watch the Vikings vs. Bears game today, whether or not you have cable.
How and when to watch the Minnesota Vikings vs. Chicago Bears
The Vikings vs. Bears game will be played on Sunday, November 24, 2024 at 1:00 p.m. ET (11:00 a.m. PT). The game will air on Fox and stream on Fubo and the platforms featured below.
How and when to watch the Minnesota Vikings vs. Chicago Bears game without cable
You can watch this week’s NFL game on Fox via several streaming services. All you need is an internet connection and one of the top options outlined below.
Fubo offers you an easy, user-friendly way to watch NFL games on CBS, Fox, NBC, ABC, ESPN, and NFL Network, plus NCAA football channels. The Pro tier includes 200+ channels and unlimited DVR, while the Elite with Sports Plus tier adds NFL RedZone and 4K resolution. New subscribers get a seven-day free trial and all plans allow streaming on up to 10 screens simultaneously.
You can watch today’s game with a subscription to Sling’s Orange + Blue tier, which includes ESPN, ABC, NBC, and Fox. The plan offers 46 channels with local NFL games, nationally broadcast games and 50 hours of DVR storage. For complete NFL coverage, add Paramount+ to get CBS games, or upgrade with the Sports Extra add-on for additional sports channels like Golf Channel, NBA TV and NFL RedZone.
Watching NFL games, including Fox broadcasts, is simple with Hulu + Live TV, which includes 90 channels, unlimited DVR storage, and access to NFL preseason games, live regular season games and studio shows. The service includes ESPN+ and Disney+ in the subscription.
Want to watch today’s game live on your smartphone? If so, NFL+ streaming service is the solution you’re looking for. It lets you watch NFL Network and out-of-market games on mobile devices, with an upgrade option to NFL+ Premium that includes NFL RedZone for watching up to eight games simultaneously. Note that NFL+ only works on phones and tablets, not TVs.
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How to watch the Detroit Lions vs. Indianapolis Colts NFL game today: Livestream options, more
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The Detroit Lions will face off against the Indianapolis Colts today. The Lions enter this game as top contenders with a near-perfect record of 9-1 so far this season. The Colts, who are 5-6 this season, could have a tough game on their hands against the Lions but will be looking to rack up another win after prevailing over the New York Jets in a tight game last Sunday.
Here’s how and when you can watch the Colts vs. Lions game today, whether or not you have cable.
Here’s how and when to watch the Detroit Lions vs. Indianapolis Colts
The Lions vs. Colts game will be played on Sunday, November 24, 2024 at 1:00 p.m. ET (11:00 a.m. PT). The game will air on Fox and stream on Fubo and the platforms featured below.
How and when to watch the Detroit Lions vs. Indianapolis Colts game without cable
You can watch this week’s NFL game on Fox via several streaming services. All you need is an internet connection and one of the top options outlined below.
Experience NFL action like never before with Fubo’s comprehensive sports streaming platform. From Sunday showdowns to primetime matchups, catch every NFL game across major networks including CBS, Fox, NBC, ABC, ESPN and NFL Network. Choose the Pro package to unlock 200+ channels and limitless DVR storage, or elevate your game-day experience with the Elite with Sports Plus package, featuring NFL RedZone’s commercial-free scoring highlights and stunning 4K quality.
Test drive the service with a no-commitment seven-day free trial, and share the excitement with family and friends — Fubo supports simultaneous streaming on up to 10 devices, so everyone can watch their favorite teams.
You can watch today’s game with a subscription to Sling’s Orange + Blue tier, which includes ESPN, ABC, NBC, and Fox. The plan offers 46 channels with local NFL games, nationally broadcast games, and 50 hours of DVR storage. For complete NFL coverage, add Paramount+ to get CBS games, or upgrade with the Sports Extra add-on for additional sports channels like Golf Channel, NBA TV and NFL RedZone.
Watching NFL games, including Fox broadcasts, is simple with Hulu + Live TV, which includes 90 channels, unlimited DVR storage, and access to NFL preseason games, live regular season games and studio shows. The service includes ESPN+ and Disney+ in the subscription.
Want to watch today’s game live on your smartphone? If so, NFL+ streaming service is the solution you’re looking for. It lets you watch NFL Network and out-of-market games on mobile devices, with an upgrade option to NFL+ Premium that includes NFL RedZone for watching up to eight games simultaneously. Note that NFL+ only works on phones and tablets, not TVs.
CBS News
How to watch the New England Patriots vs. Miami Dolphins NFL game today: Livestream options, more
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The New England Patriots will face off against the Miami Dolphins in a game today at the Hard Rock Stadium in Miami. The Patriots have had an uneven season so far, coming into the game with a record of 3-8, including a 28-22 loss to the Los Angeles Rams on November 17. The Dolphins, however, haven’t fared much better this season as they enter the game with a record of 4-6, although they are coming off two wins in a row, the latest against the Las Vegas Raiders last weekend.
Keep reading to find out how and when to watch the New England Patriots vs. Miami Dolphins game today, even without cable.
CBS, Paramount+ and CBS Essentials are all subsidiaries of Paramount Global.
How and when to watch the New England Patriots vs. Miami Dolphins game today
The New England Patriots vs. Miami Dolphins game will be played on Sunday, November 24, 2024 at 1:00 p.m. ET (10:00 a.m. PT). The football game will be shown on CBS and streamed on Paramount+ and the platforms noted below.
How and when to watch the New England Patriots vs. Miami Dolphins game without cable
While CBS is available with many basic cable packages, you’ll have other viewing options, too for the Patriots-Dolphins game. Just understand that the below streaming options will require the use of an internet provider:
Paramount+: Watch CBS-aired NFL games without cable
With Paramount+ you’ll have multiple viewing options to choose from. You can catch NFL games on the Paramount+ Essential tier for just $7.99 each month or you can watch college football with a Paramount+ with Showtime subscription for $12.99 monthly. In addition to live streams of NFL games airing on CBS, you’ll get to watch additional live sporting events including NCAA college football, PGA Tour golf, soccer and more.
Get started with Paramount+ here today.
Amazon Prime Video: Add Paramount+ to your existing subscription
Already have an Amazon Prime Video account? Simply add Paramount+ to your current subscription to watch all the CBS-aired NFL games in addition to Paramount+ originals. The same prices from above apply, depending on which tier you choose. Not sure which is best for you? Don’t worry. Both options come with a free seven-day trial that can help you decide.
Watch the Patriots-Dolphins game on Amazon Prime Video.
Fubo: Watch the Patriots-Dolphins game for free
Looking for an inexpensive way to watch football? Fubo could be the best way to do so. The live TV streamer is currently offering a seven-day free trial and $30 off of your first month’s subscription. Once subscribed, you’ll gain access to all of their live sporting events immediately. And there will be a lot to choose from. Not only does Fubo come with access to NFL games airing on your local CBS channel, it also includes Fox Sunday NFC games, “Sunday Night Football” on NBC, “Monday Night Football” on ABC and ESPN and all of the games that air on the NFL Network. So don’t wait.
Get started with Fubo online now.
How to watch the Minnesota Vikings vs. Chicago Bears NFL game today: Livestream options, more
How to watch the Detroit Lions vs. Indianapolis Colts NFL game today: Livestream options, more
How to watch the New England Patriots vs. Miami Dolphins NFL game today: Livestream options, more
How to watch the Minnesota Vikings vs. Chicago Bears NFL game today: Livestream options, more
How to watch the Detroit Lions vs. Indianapolis Colts NFL game today: Livestream options, more