Partner advisor Jonathan Beck, President of Crown Financial Partners, was recently featured in Barron's Advisor Big Q, where wealth management professionals were asked whether it's too late for investors to get in on the gold and silver rally.
With gold reaching record highs above $5,000 an ounce and silver climbing to around $112, the question is top of mind for many investors. Beck offered a measured perspective on the complex forces driving the precious metals surge.
Beck pointed to several factors fueling demand, including expensive equity markets, geopolitical tensions affecting the dollar, questions around Federal Reserve independence, and foreign countries shifting away from a sole focus on U.S. Treasuries. On silver specifically, Beck noted that industrial demand has added momentum alongside the geopolitical tailwinds, though the direction ahead remains uncertain.
His take on gold as a safe haven? Demand could extend the rally, but no one has perfect foresight. Beck also noted that silver has historically been more volatile than gold, and that investors should keep that in mind when considering precious metals allocations.
Read Jonathan's full insights in Barron's Advisor Big Q.
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