VanEck CEO Jan van Eck believes gold is the best investment this year, calling it a 'hedge against political cycles.' He expects continued foreign investments in bullion will further boost its value and drive higher returns for gold miners.
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.
It should also help in lifting gold miners higher, which started the year lagging the commodity. But as of Friday, the"I think you own both because the miners, if they catch up at all, it's going to rip," he said."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.
Gold Investment Vaneck Markets Commodities
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Hedge Against Political Cycles Is Better Investment Than AI, Says VanEck CEOVanEck CEO Jan van Eck believes that investing in gold is a better hedge against political cycles than focusing on artificial intelligence. He cites gold's record-breaking performance this year and expects continued foreign investment to boost the commodity.
Read more »
Gold Is This Year’s Winning Trade, Even Better Than AI, Says VanEck CEOJan 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.
Read more »
Gold Outperforms AI, VanEck CEO SaysVanEck CEO Jan van Eck believes that gold is the best investment this year as a hedge against political cycles. He highlights gold's record performance in 2023 and expects continued foreign investment to drive further gains.
Read more »
VanEck CEO Says This Is The Best Investment This YearGold 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. Jan van Eck thinks the best investment this year is 'the hedge against political cycles.' To him, that means investing in gold.
Read more »
Gold remains in 'a very strong bull phase', Alamos Gold CEO tells Investing.comGold remains in 'a very strong bull phase', Alamos Gold CEO tells Investing.com
Read more »
Why this top fund manager says the best investment this year is ‘the hedge against political cycles'The CEO of VanEck breaks down two of this year’s red-hot trades.
Read more »