The US is currently experiencing economic uncertainty, causing investors to seek refuge in gold, whose price has reached record highs. An ounce of gold cost $3,051.99 as of Wednesday, up from $2,160 in 2024, reflecting gold’s historically safe nature during financially turbulent times.

Although gold buying has traditionally been reserved for the wealthy, it is now more accessible with major retailers like Walmart and Amazon offering it for purchase. However, experts caution that more established gold dealers may be a better choice.

Once purchased, investors have various options for their gold, including burying it. Yet experts advise against this, suggesting instead that gold should be stored in a secure location away from direct sunlight and heat sources to maintain its condition and security. It is recommended to buy from reputable suppliers who insure all deliveries.

In terms of what type of gold to buy, most purchases involve bullion shaped into coins or bars. One ounce bars, about the size of a US military dog tag, are commonly traded and can be bought from Walmart for around $3,122.10. Some investors choose smaller bars for easier storage and handling.

Gold prices are rising due to factors such as inflation, geopolitical unrest, and economic uncertainty, making it a recommended time for gold acquisition. Its value as a true store of wealth, free from counterparty risk, is highlighted as a reason to consider gold investment.

However, not everyone is convinced about gold’s suitability as a long-term investment. It’s noted that gold’s performance has experienced prolonged periods of stagnation which may deter investors seeking quick returns. Despite this, in this current economic climate, having some gold stored in a secure place is viewed as not being a bad idea.

Source: https://www.theguardian.com/us-news/2025/mar/22/gold-price-trump-trade-war