Jan van Eck, CEO of VanEck, believes gold is the best investment this year due to its status as a hedge against political cycles. Gold hit a new record on Friday, marking its 37th record in 2023, with a 28% increase since the start of the year.
A major exchange-traded fund and mutual fund manager finds the winning gold trade isn't talked about as much as the artificial intelligence trade — but maybe it should be.VanEck CEO Jan van Eck thinks the best investment this year is"the hedge against political cycles." To him, that means investing inGold hit another record on Friday, its 37th record this year. As of Friday's market close, it is up 28% since the start of the year.
68-year-old retiree pays $460 a month to live by a lake in Mexico: ‘I found the peace and tranquility I was looking for' "It's like part of people's model portfolios, or core portfolios, is to have this tactical overweight to semis. And some of our biggest clients actually bought on the dip over the last week or two," the VanEck CEO said.
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