Akin Investments Presents our Best Market Calls for the Past Year
Gold is up 20.7% since our recommendation on CBS News.
CBS NEWS
Tim Maxwell
Mar 27, 2024
The fact that gold has broken out to a new all-time high and has no technical overhead supply is positive for the long term," says Stephen Akin, an investment advisor at Akin Investments in Charleston, South Carolina.
Investor interest in gold is rising, which isn't surprising given persistent Inflation and elevated interest rates continue to drag on the economy. Historically, gold tends to perform well during periods of economic uncertainty, as investors look for a hedge against inflation and a stabilizing asset to add to their portfolios.
Indeed, investors are turning to the safety of gold in large numbers, driving its price to an all-time high of $2,125.89 this past December. That mark was surpassed earlier this month with gold trading at $2,160 per troy ounce, and most recently, gold's price hit $2,170.16 on March 22.
Investors considering the precious metal, then, would be served by understanding where the price of gold could be heading. Below, we'll take a closer look at what's behind gold's rising price trend and just how high the price of gold will go.
Sept. 13, 2024, at 3:22 p.m.
Matt Whittaker has written for U.S. News & World Report since 2015, covering investing topics. Based in Colorado, he specializes in natural resources journalism and has reported on renewable energy, coal, oil, natural gas, metals and seafood companies from the Americas, Europe and Asia. His work has appeared in The Wall Street Journal, Barron’s, Pacific Standard and Zenger News. He has been a fellow with the Knight Center for Specialized Journalism and is particularly proud of an Overseas Press Club Foundation scholarship he won for a series of articles on landmines in Bosnia and Herzegovina. Born in Knoxville, Tenn., Matt graduated with a degree in journalism from the University of Tennessee. You can follow him on Twitter and connect with him on LinkedIn.
Technology to Drive Growth
As interest in AI artificial intelligence increases researchers move forward with nuclear energy.
The Global race is on for "Rare Earth" elements not only for power consumption but they are critical for the medical, electronics and, defense industries.
Around the world countries are moving to protect their access and supply to rare earth elements.
Stock Investments
In a recent interview with Matt Whittaker Reporter with US News and World Report for an upcomming article we discussed my favorite of the premier uranium mining companies in the West Canada's Cameco, Corp. (CCJ) Recently priced at $39.43 per share.
"Uranium Stocks, ETFs and Other Ways to Invest in the Nuclear Fuel"
Here's how to invest in uranium as demand grows during the energy transition.
The company issued this press release regarding their TSX listing:
Cameco Named to TSX30 for 2024 09:00:00 AM ET, 09/10/2024 -
SASKATOON, Saskatchewan--(BUSINESS WIRE)--Sep. 10, 2024 Cameco (TSX: CCO; NYSE: CCJ) has been named #14 on the TSX30 2024, an annual ranking of the top performing stocks by the Toronto Stock Exchange (TSX).
Cameco’s dividend-adjusted share price performance is up 186% and the company has seen a 210% increase in market capitalization over the past three years.
Set yourself up for Success in 2025
Take the next step, schedule a free consultation and learn how we can help you.
Asset and Cash Management Solutions
