The S&P 500 Index is near all time highs, recession concerns are mounting, and investors are getting scared. That's why some big name hedge fund managers are talking about gold and an equity analyst has even coined a new fun acronym for key stocks in the space (BAANG) to compete with the tech driven FAANG stocks. If you are getting interested in gold too, keep reading to hear about 10 ways that you can add it to your portfolio.
Why do that? Because gold is seen as a safe haven investment. The type of hard asset that investors will flock to when stock prices are falling sharply, a role it has played throughout Wall Street's history. In fact, it's a good idea to have some gold in your portfolio all the time, if only for diversification purposes. But right now, with risk seemingly rising by the day, it makes particular sense to dig a little further into your options in the gold space.
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