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Investing $1,000 in Gold (GOLD) 5 years ago Yields 28% Growth

Investing $1,000 in Gold (GOLD) five years ago when the stock price was $12 would have resulted in purchasing approximately 83 shares. Fast forward to the current date in 2024-03, where the stock price is now $16, the initial investment of $1,000 would have grown to $1,285, reflecting a 28% growth. Looking back at the research from the 2019-03 period, the article highlighted the importance of adding gold stocks to the portfolio as a way to hedge against volatile markets, especially in the late stage of the economic cycle. The interest in gold as a safe haven increased due to the stock market volatility and the gold price trading above US$1,300 per ounce, presenting a 9% increase compared to six months prior. The suggested gold stocks at that time were Kirkland Lake Gold (KL), Torex Gold Resources (TXG), and Eldorado Gold (EGO), all of which were performing well. Moving forward, indicators to look out for in the future regarding Gold (GOLD) stock price would be the overall economic conditions and market volatility. Given the current global situation, any signs of economic uncertainties or market turbulence could potentially drive investors towards safe-haven assets like gold, thereby positively impacting the price of Gold (GOLD). Additionally, monitoring geopolitical tensions, inflation rates, and interest rate fluctuations can also provide insights into the future direction of gold prices. In conclusion, the initial investment in Gold (GOLD) five years ago has shown a modest growth of 28%, proving the resilience and potential of gold as a strategic investment in times of market flux.

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