Michael Matousek, Head Trader, U.S. Global Investors, joined Julie Cooling, Founder and CEO of RIA Channel, to discuss gold mining and travel ETFs.
Gold prices are at all-time highs vs the US dollar and a number of other currencies. Central banks have been large purchasers of gold. Profit margins for publicly traded gold mining companies can rise along with gold prices. U.S. Global Investors recommends a 5% to 10% allocation to gold and gold-related securities, which can serve to improve portfolio diversification. Gold outperformed the S&P 500 by over 10% in the first nine months of 2024, as well as outperforming the U.S. stock index since 2000.
The travel industry is now experiencing volumes higher than pre-COVID levels. Investors can allocate to this theme through the U.S. Global Jets ETF (JETS) with positions in airlines and online travel companies.
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