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Investors are turning to gold once again after the dollar and yields fell, job growth eased, and underlying inflation measures that better reflect long-term trends accelerated on another surge in rent.

Over the past six months, the price of gold has risen approximately 20%, to more than $2,000 per ounce. That’s within striking distance of gold’s all-time high of $2,075.

Bank Of America Predicts A Gold Bull Run Due To Limited Supply

Bank of America believes gold’s value will surge as a result of higher inflation, an unsteady banking sector, and mounting job-market challenges.

The Fed has tried to control rising costs with rate hikes over the past year but only weak employment growth was seen in February despite this effort.

Increasing demand for gold is also having its own effect on prices due to the limited supply available worldwide.

Gold Supply Is Running Out—Pushing Prices High

Gold prices are driven by basic supply-and-demand dynamics, and there is plenty of demand for gold.

In fact, global gold demand increased by 18% in 2022 to 4,741 tons, according to the World Gold Council.

However, with our current usage of gold, it appears that the world could run out of the yellow metal in a mere 27 years.

If we continue at an annual growth rate of 3%, all precious metal reserves may be gone as early as 2050, according to research conducted by CREAF-UAB and CSIC.

Researcher Josep Peñuelas is urging us to consider changing our behavior now or risk losing this irreplaceable resource for future generations.
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Could The Price Of Gold Exceed $2,500 This Year?

Gold prices are anticipated to surge in the coming months.

Here are some recent predictions:

  • Bank of America technical strategist Paul Ciana predicts that if gold rallies to its all-time high of $2,078, this will start a two-year bull run, which could push prices above $2,500 an ounce.
  • Additionally, CMC Markets predicting a rise into the $2,500 – $2,600 range per troy ounce. This prediction aligns with Randy Smallwood’s forecast of gold reaching at least $2500 an ounce by 2023.
  • However, some asset managers remain more optimistic about gold hitting even higher this year. For example, Juerg Kiener believes it could hit as high as $4k if mild recessions come to pass.

Potential Stock Market Sell-Off

Over the last 12 months, it’s been a wild ride for investors in US currency. Despite artificial inflation of its value, the dollar has begun to weaken and those holding investments against it are reaping hefty returns.

When gold hits new heights as predicted by some analysts – with many thinking long-term – there will be plenty looking to cash in on massive gains. But unfortunately, that’ll also mean our economy taking another tumble which could spell disaster for ordinary citizens across America.

Michael Landsberg, chief investment officer at Landsberg Bennett Private Wealth Management, says investors can turn to gold to play defense against a potential stock market sell-off.

“Our message to investors is to be patient,” Landsberg says. “Also, look to non-stock and bond assets, like gold and the US dollar, to lower risk and potentially increase returns.”

Get A Free Gold Coin And Gold IRA Guide: Augusta Precious Metals

Secure Your Investments Now

Gold is a global asset outside of any government’s control. It is being used by countries and billionaires to protect their own wealth and we have been seeing a rush of institutional investors and multi-millionaires approaching us to secure as much gold as they can.

Furthermore, gold is the perfect asset for those who want to protect their wealth and have easy access.

With a small 5 oz gold bar, worth more than $10,000 in value and untouchable by market fluctuations or manipulation from special interests – it’s no wonder many of our clients are choosing to open both gold IRAs as well as directly own physical gold.

So, take control of your hard-earned money with tangible assets that you can keep on hand wherever life takes you. In other words, if you want to buy in now and enjoy the gains, you should >>> invest in the yellow metal now.

Top 6 Precious Metals Companies

To help you identify the best option to protect and grow your wealth today, we have reviewed and rated the top 6 precious metals companies in the industry for regular purchases and gold IRAs.

We have rated each company on a variety of factors including BBB/BCA ratings and complaints, customer reviews, annual fees, precious metals selection, storage options, promotions, and buy-back programs. You can request a free guide/kit from each company by clicking on the “GET FREE KIT!” button to the right.


Company Reviews Annual Fees Investment Minimums (IRA) Preferred Custodian Free Gold Kit
Goldco: Best Overall Gold IRA Company Reviews $180 $25,000 Equity Trust
Reviews $0 $50,000 Equity Trust
Red Rock Secured: Best ROI Gold IRA Reviews $0 $10,000 Equity Trust
Reviews $100 $10,000 Equity Trust
Reviews $180 $10,000 Equity Trust
Reviews $80 $2,000 Equity Trust

Choosing any of these industry-leading precious metals companies will ensure a safe investment. Lastly, when it’s time to liquidate your metals, they all offer buy-back programs.

You can read more about each precious metals company in our 6+ Best Gold IRA Companies Of 2023 (Reviewed & Rated) article. Or, request a Free Gold IRA Guide from our #1 recommended gold IRA company.

Goldco Free 2023 Gold IRA Guide

Goldco Free 2023 Gold IRA Guide

About the Author

Stina is an entrepreneur who's passionate about personal finance, investing, and digital marketing. She's been a writer in this space for over a decade.

Frequently Asked Questions & Answers

Why is gold considered a safe haven investment?

Because gold serves as a hedge against inflation, deflation, currency risk, stock market volatility, etc. Gold is a store of value and should be seen as financial insurance. Historically, gold moves in the opposite direction of traditional securities like stocks, bonds, and mutual funds. When the stock market goes down, the price of gold and silver tends to rise. So, if you are looking to minimize risk, diversify your portfolio, and safeguard your wealth during times of heightened volatility, you should hold physical gold.

Why should you invest in a gold IRA?

You should invest in a gold IRA to protect your retirement savings account and make sure your assets are safe and secure, while also ensuring that your wealth will appreciate. By investing in gold and other precious metals through a gold IRA, you do not have to worry about a possible stock market crash or inflation, where your paper assets would lose their value. It also allows you to take advantage of a simple and easy IRS loophole that allows you to hold physical gold and silver with the money you already have saved in your retirement accounts, completely tax and penalty-free.

Is a gold IRA a safe investment?

Yes. Your precious metals investments are stored with a custodian, just like any other IRA asset. An IRA custodian is a financial institution that holds your account’s investments for safekeeping and sees to it that all IRS and government regulations are adhered to at all times. The custodian could be a bank, credit union, trust, or another company called a non-bank custodian.

Can I store my precious metals at home?

Non-IRA precious metals, yes. Not metals in an actual gold IRA. IRS rules forbid keeping your IRA precious metals at home or in a standard safety security box. They must be held by an approved non-bank trustee or a bank within IRS guidelines that restricts access and keeps all precious metals segregated by the customer. This ensures exact metals purchased by a specific customer are returned to that same customer once legal distribution requirements are met.

In other words, just like a Traditional IRA, the access to the precious metals in your Precious Metals IRA must be restricted in specific ways to ensure deposit and disbursement laws are followed.

Is the value of the precious metals I buy for my IRA guaranteed?

No. Like all investments, the future value of precious metals is not guaranteed and can rise or fall based on a variety of market influences. This is why it is good to diversify your portfolio with other asset classes such as cryptocurrencies, real estate, etc.

Should I invest in physical gold, future options (ETFs), gold mining stocks, or gold funds?

Indirect forms of investing in gold are much riskier than physical metal. You are relying on any third party individual or company to look after your wealth for you, and depending on the company’s success or failure, you risk losing your investment. With physical gold, you are in control of your wealth. Physical gold offers you that layer of protection and security which Gold Exchange Traded Funds (ETFs), gold mining stocks and funds do not.

Should I buy gold coins or gold bars?

It depends on your individual investment goals and situation. Gold bars are the largest and most efficient way to purchase and store large amounts of gold. They are usually also the most cost-efficient because they have the smallest premium over the gold spot price and the lowest markups for design and transportation. They are also easier to stack and more difficult to counterfeit.

Gold coins are smaller and more convenient than gold bars, but they are also harder to store because they are easier to lose. Gold coins are less efficient than bars for holding large amounts of metal and some of them may come with a higher premium over spot since they can be marked-up for design or rarity. Although, gold coins are more useful for people who intend to use their gold as money.

When it comes to gold IRAs, only certain coins are IRS approved for inclusion in IRAs. In fact, not all bars or bullion are IRS approved. The IRS or your gold IRA company maintains a list of acceptable forms of precious metals for IRAs.

When will I be eligible for distributions from gold IRA?

At age 59½, you or the beneficiary of your gold IRA can start taking penalty-free distributions from the account, according to the IRS.

Extended Gold IRA FAQ

See more frequently asked questions and answers about Gold IRAs
About How To Invest Gold

Our Mission

For over a decade, our mission has been to provide investors and retirees with all the information they need when it comes to precious metals and cryptocurrency investing.

Gold backed IRA - Goldco, Regal AssetsNot only do we provide a complete guide on the best ways to invest in precious metals, but we have also carefully vetted the best precious metals companies in the US to help you choose the best provider for your investment needs.

We believe that investing in precious metals and cryptocurrencies through your 401(k)/IRA is one of the best ways to invest in this asset class, due to the tax-saving component. A gold IRA or crypto IRA is the best way to protect your retirement account against an unstable market.

Disclaimer: The owner of this website is not licensed as an investment advisor and, accordingly, does not make any recommendations regarding clients’ personal investment portfolios. It is recommended that you carefully evaluate and research the risks and rewards associated with investing in alternative assets such as physical precious metals and cryptocurrencies before you make a purchase. Learn more in our Terms of Service.

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