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3 gold investing moves to make with inflation cooling
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Inflation is falling and interest rates could soon, too. That was some of the big financial news this week after the Bureau of Labor Statistics released a report showing inflation falling in May (for the second month in a row) and the Federal Reserve elected to keep the federal funds rate unchanged. While not quite at the Fed’s 2% target goal, a continued cooling in the inflation rate is generally good news for the economy and borrowers burdened with higher interest rates.
But what about investors? In recent years many have turned to alternative assets like gold for protection against inflation and as a way to better diversify their portfolio. Is the precious metal still worth investing in as the inflation rate continues to dwindle? Or are investors better served by looking for alternative investments?
There’s a compelling case to be made for investing in gold now, even with inflation cooling. But to increase their chances of success, investors will need to make strategic gold investing moves right now. Below, we’ll break down three of them.
Start by exploring your top gold investing options online here.
3 gold investing moves to make with inflation cooling
Here are three strategic gold investing moves to consider making as the inflation rate drops.
Get invested
You can’t reap the benefits of a gold investment without first buying in. And while the price of the metal has surged in 2024, it’s come down a bit in recent weeks, giving prospective investors a better entry point than they may have received if they acted earlier. That price may drop even further, too, as some investors reconsider investing in an asset arguably best known for hedging inflation.
As inflation drops, competition may also lessen, providing a rare opportunity to invest in an asset that hit an 11-year high just last summer. And with many top gold companies to choose from online – and big retailers like Costco and Walmart involved as well – it’s easy to get invested right now.
Get started with gold online today.
Stay invested
While beginners may be able to get invested in gold at a decent price now, the major benefits will come by staying invested in the precious metal long-term. Gold, despite the recent price activity that could have allowed some to turn a quick profit, is more of an income-protector versus an income generator.
To get the latter, then, you’ll need to buy in now and stay invested for months and possibly years to come. Inflation, after all, is largely cyclical. So by investing in gold today, you’ll both add protection to your portfolio this June and ahead of any economic downturns to come. And, in the future, you may even be able to sell it at a significantly higher price than if you got in and out quickly this year.
Pick the right type
Gold doesn’t just come in jewelry form or as bars and coins. There are a variety of types to choose from, ranging from gold IRAs to gold ETFs to gold futures, stocks and more. Not every option (or even most) will be right for you. If you’re looking for the protection gold can provide against the volatility that stocks and bonds offer, for example, then there are some gold investing types that you should avoid unless you’re a savvy investor with a willingness to take risks.
As inflation cools, it’s also important to note the individual effect that cooling will have on each of the aforementioned gold types. So take the time to do your research so that you pick the right type. If you don’t, the benefit you thought you were adding to your portfolio could quickly prove detrimental instead.
The bottom line
A cooling inflation rate may require some investors to readjust their strategy. But that doesn’t mean gold still doesn’t have a place in a diversified portfolio. It does. Investors just need to be a bit more judicious with how they proceed with the metal. This means getting invested now but staying invested for a potentially longer period. It’s also critical to pick the right type, as inflation can affect different kinds of gold investing in different ways. Finally, investors should stick with the traditional advice of limiting gold to 10% or less of their portfolio so that other assets are better positioned to take advantage of what may be an improving economy.
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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.