Investing in gold stocks can be a great way to add diversification to your portfolio and potentially hedge against inflation. When you buy stocks in gold, you are essentially buying shares in a company that mines or processes gold. This can be a more cost-effective way to invest in gold than buying physical gold, as you do not have to pay for storage or insurance.
Gold has been considered a safe haven asset for centuries, and historically, its price has held steady even during periods of economic uncertainty or financial turmoil. As geopolitical tensions mount around the world, investors may look to gold as a way to preserve their wealth.