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Is this a good time to buy gold? Experts weigh in

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1 year ago

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Tariff worries send gold to record high

Gold is often considered a safe-haven investment because it typically acts as a hedge in times of political and financial uncertainty. Prices are currently soaring amid fears of a global trade war and its potential to push the U.S. economy into recession.

However, some analysts think gold prices may have peaked.

“We’re probably close to maximum optimism on gold at this point,” said Sameer Samana, head of global equities and real assets at the Wells Fargo Investment Institute. Investors who chase returns may find themselves regretting it later.

“It’s so overbought,” Samana said. “Buying gold right now, you’re coming a little late to the party. It doesn’t mean it’s over, but you’re not early.”

So far this year, gold prices have notched more than a dozen record highs and are currently trading above $3,000.

Gold prices pop on tariff escalation

Gold futures prices were up about 21% year-to-date as of noon ET on Friday and 30% higher compared to the price a year ago. Prices have popped about 7% this week alone, on pace for the best week since March 2020.

By comparison, the S&P 500 is down about 11% in 2025 and up about 1% in the past year.

President Donald Trump imposed steep country-specific tariffs on Wednesday, but ultimately delayed them for 90 days. However, a trade war between the U.S. and China — our third-largest trade partner — escalated as each nation engaged in a tit-for-tat tariff increase.

As of Friday morning, the U.S. had put a 145% tariff on imports from China, which hit back with a 125% levy on U.S. goods.

While some analysts think gold prices are close to topping out, others think there’s room to run.

“Even though gold prices are at an all-time high, the reality is that in the next couple of years it could accelerate,” said Jordan Roy-Byrne, founder of The Daily Gold, an online resource for gold, silver and mining stocks.

How to invest in gold

Akos Stiller/Bloomberg via Getty Images

Experts often recommend getting investment exposure to gold through an exchange-traded fund that tracks the price of physical gold, as part of a well-diversified portfolio, rather than buying actual gold coins or bars.

“For most [investors], I would say a gold bullion-backed ETF makes the most sense,” Samana said. SPDR Gold Shares (GLD) and iShares Gold Trust (IAU) are the two largest gold ETFs, according to ETF.com.

Financial advisors generally recommend limiting gold exposure to the low-single-digit percentage, perhaps up to 3% or so, of one’s overall portfolio.

Gold tends to perform “okay” when investors are worried about inflation or stagflation, Samana said — fears sparked by the Trump administration’s recent tariff policies. However, it “rarely does well” during recessions, which is when bonds “really show their value,” he said.

Buying physical gold

Alternatively, buying physical gold, or bullion, including bars and coins, “is a financial insurance position, as opposed to part of your portfolio,” explained Roy-Byrne.

Consumers, especially, seem to like that idea. When Costco started selling 1-ounce bars last year, revenue soared, with Wells Fargo analysts estimating that the wholesaler generated up to $200 million a month from gold sales alone.

Smith: Volatility persists—clients don't know what's coming next

“Amidst the recent stock market turbulence, we’re seeing renewed interest in tangible, physical assets that exist outside traditional financial structures,” according to Tim Schmidt, the founder of Gold IRA Custodians, an online resource for buying gold.

But buying physical gold during uncertain times may not make much sense for investors unless they are extremely anxious the financial system might implode — at which point physical gold can theoretically help people barter for goods and services, Samana said.

Buying gold jewelry

Fine jewelry is a different story. The baseline value of gold jewelry is tied to its precious metal content, according to Schmidt. Higher-karat pieces, or 18K and up, contain more precious metal and typically retain value better, though they may be less durable for everyday wear.

“High-quality jewelry … can offer both personal enjoyment and potential financial benefits when selected carefully,” he said.

Craftsmanship and artistry also play a key role in pieces that could appreciate over time, particularly with hallmarks from top brands, such as Cartier, Van Cleef & Arpels and Tiffany & Co. 

Buying gold right now, you’re coming a little late to the party. It doesn’t mean it’s over, but you’re not early.

Sameer Samana

head of global equities and real assets at the Wells Fargo Investment Institute

One year ago, Tiffany’s chief executive officer Anthony Ledru said high-quality jewelry may even be considered “recession proof.”

“People have been investing in jewelry since ancient times,” Schmidt said. “There’s something psychologically reassuring about holding an investment in your hand, especially during periods when markets seem disconnected from economic realities.”

What financial advisors say about gold

Gold prices extended their gains on Wednesday, following a record high in the previous session, as investors sought the comfort of the safe-haven metal in anticipation of the potential impact of U.S. reciprocal tariffs.

Akos Stiller | Bloomberg | Getty Images

“We have clients who currently hold positions in gold. These are typically individuals with substantial assets across various industries and sectors, using gold as a means of portfolio diversification and balance,” said Winnie Sun, co-founder and managing director of Sun Group Wealth Partners, based in Irvine, California.

Even in the face of heightened uncertainty largely due to tariff-induced market swings, “we are not proactively recommending that clients add to their gold positions at this time,” said Sun, a member of CNBC’s Financial Advisor Council. “Instead, we suggest maintaining higher cash reserves, fully funding emergency savings, and reallocating as needed based on evolving financial goals.”

Lee Baker, a CFP based in Atlanta, says more clients are worried that tariffs will hinder economic growth and have recently been asking about alternative investments in gold. “Often during times of chaos there is a ‘flight to safety,’ so in a time like this we are seeing some movement to gold as a part of the fear trade.”

According to Baker, who is the founder, owner and president of Apex Financial Services and a member of CNBC’s FA Council, “incorporating gold, and other commodities, is a good idea in general.”

He recommends adding gold ETFs to client portfolios, although “there have been occasions where we have utilized gold stocks in the form of investing in mining companies or gold-related company mutual funds.”

As for physical gold, “if it makes you feel good to go grab an ounce at Costco or wherever, do it,” he said. But with that comes the additional responsibility and costs of storing, insuring and safekeeping those holdings, he added.

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$20,000 Caution Bond Requirement for US Visa Applications imposed on 50 Countries

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6 days ago

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August 8, 2026

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The United States Department of State has officially implemented a revised visa policy introducing a mandatory posting requirement for caution payments of up to $20,000 on select foreign travel applications. Under the updated regulatory framework, consular officials are authorized to require temporary nonimmigrant visa applicants from targeted foreign countries to post a refundable financial bond of $20,000 as a condition for visa issuance. The policy mechanism is designed to address diplomatic concerns regarding high overstay rates among temporary visitor, business, and educational visa categories.

The caution bond pilot program applies selectively to foreign nationals from designated countries whose diplomatic entities record historical visa overstay rates exceeding established federal thresholds. Under administrative guidelines published by the State Department, the full financial deposit is posted directly to a dedicated federal escrow account prior to final visa issuance. The entire caution payment is automatically refunded to the applicant upon verified proof of timely departure from the United States in strict compliance with the authorized duration of stay. Conversely, failure to depart within the legal timeframe results in full forfeiture of the posted financial bond to the United States government.

Diplomatic representatives and travel policy experts have expressed varying perspectives regarding the operational implementation of the caution bond system. Administration officials emphasize that the measure serves as an effective, market-based incentive to enforce international travel compliance and preserve domestic immigration security standards. However, international trade organizations and foreign diplomatic missions have raised concerns regarding the financial burden imposed on legitimate business travelers, foreign students, and commercial partners from developing nations.

The United States finalized the rule to make the temporary visa bond program permanent, taking effect on August 3, 2026. The updated permanent regulation replaces the prior 12-month pilot, eliminates the lowest $5,000 tier, and raises the maximum required bond amount to $20,000 for specific B-1/B-2 business and tourist visa applicants.

Here is the list of the 50 countries on the list as o August 3, 2026

African Nations (31 Countries)

  • Algeria
  • Angola
  • Benin
  • Botswana
  • Burundi
  • Cabo Verde (Cape Verde)
  • Central African Republic
  • Côte d’Ivoire (Ivory Coast)
  • Djibouti
  • Ethiopia
  • Gabon
  • The Gambia
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Lesotho
  • Malawi
  • Mauritania
  • Mauritius
  • Mozambique
  • Namibia
  • Nigeria
  • São Tomé and Príncipe
  • Senegal
  • Seychelles
  • Tanzania
  • Togo
  • Tunisia
  • Uganda
  • Zambia
  • Zimbabwe

Asian & Eastern European Nations (11 Countries)

  • Bangladesh
  • Bhutan
  • Cambodia
  • Georgia
  • Kyrgyzstan
  • Mongolia
  • Nepal
  • Papua New Guinea
  • Tajikistan
  • Turkmenistan
  • Uzbekistan

Caribbean & Latin American Nations (5 Countries)

  • Antigua and Barbuda
  • Cuba
  • Dominica
  • Grenada
  • Venezuela

Oceanian Nations (3 Countries)

  • Fiji
  • Tonga
  • Vanuatu

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Next-Generation Retirement Planning: Managing Longevity Risk and Variable Income Streams

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1 week ago

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August 7, 2026

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Retirement planning strategies are evolving in 2026 to address increased life expectancies, shifting dynamic market conditions, and the transition away from traditional defined-benefit pensions. Individual investors and financial advisors are abandoning rigid retirement models in favor of flexible, multi-asset strategies designed to mitigate longevity risk and preserve purchasing power over multi-decade retirement horizons.

Mitigating Longevity Risk with Dynamic Asset Allocation
As average life expectancies extend past eighty-five years, one of the primary financial risks facing retirees is outliving their accumulated wealth. Traditional fixed income allocations—such as the standard 60/40 equity-to-bond portfolio—are being reevaluated to ensure portfolios generate sufficient capital growth alongside reliable income.

Financial planners recommend maintaining a meaningful equity allocation throughout retirement to offset long-term inflation erosion. High-dividend equity funds, global real estate investment trusts (REITs), and inflation-indexed Treasuries are combined to create diversified portfolios that deliver both growth and income stability.

The Transition to Dynamic Withdrawal Strategies
The classic “4% safe withdrawal rule” is increasingly replaced by dynamic withdrawal strategies that adapt annually based on market performance. Under a dynamic withdrawal framework, retirees adjust their annual distribution rates within pre-set caps and floors:
– Market Upside: During strong market returns, retirees can increase discretionary spending or fund family legacy gifts.
– Market Downturns: During market pullbacks, spending distributions are temporarily reduced to prevent sequence-of-returns risk and preserve core investment principal.

Guaranteed Lifetime Income Options and Deferred Annuities
To establish a guaranteed baseline for essential living expenses, individuals are incorporating modern fixed-indexed and deferred longevity annuities into their broader retirement architectures. Modern annuity structures offer competitive return caps, transparent fee schedules, and inflation-adjustment options.

By funding essential expenses—such as housing, healthcare, and insurance—with guaranteed income streams from Social Security, pensions, and annuities, retirees can manage discretionary investment portfolios with greater flexibility and lower emotional stress during market volatility.

Actionable Steps for Future Retirees
1. Calculate Baseline Retirement Expenses: Determine fixed living costs and map guaranteed income sources to cover essential expenditures.
2. Adopt Flexible Withdrawal Rules: Implement dynamic spending rules to protect investment principal against market downturns.
3. Incorporate Inflation-Protected Assets: Maintain exposure to dividend-growing equities and inflation-indexed bonds to safeguard long-term purchasing power.

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Personal Finance

Building Generational Wealth: Family Governance, Estate Tax Optimization, and Asset Protection

Published

2 weeks ago

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August 1, 2026

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As the largest intergenerational transfer of wealth in history accelerates, high-net-worth families, entrepreneurs, and individual investors are placing heightened emphasis on comprehensive estate planning, family governance, and asset protection. Preserving capital across generations requires a balanced approach combining tax-efficient legal structures with open family communication and financial literacy education.

Optimizing Estate Tax Exemptions and Trust Structures
With potential modifications to federal estate tax exemption thresholds on the horizon, proactive estate planning is essential for high-net-worth households. Estate planning attorneys and wealth advisors are establishing multi-generational trust structures to transfer wealth efficiently while minimizing estate and gift tax exposure.

Popular structural strategies include:
– Irrevocable Life Insurance Trusts (ILITs): Utilizing life insurance proceeds to provide liquidity for estate tax obligations without expanding the taxable estate.
– Grantor Retained Annuity Trusts (GRATs): Transferring rapidly appreciating assets to beneficiaries with minimal gift tax consequences.
– Dynasty Trusts: Preserving wealth across multiple generations while providing long-term asset protection from creditor claims and legal liabilities.

Establishing Family Governance and Financial Education
Legal and financial structures alone cannot guarantee long-term wealth preservation without effective family governance. Financial advisors report that a significant percentage of multi-generational wealth dissipation stems from lack of communication and inadequate financial preparation among heir generations.

Families are establishing formal family governance frameworks, including periodic family meetings, written mission statements, and structured philanthropic foundations. Involving younger family members in charitable grant-making and investment discussions fosters financial stewardship and prepares heirs to manage family assets responsibly.

Digital Asset Custody and Legacy Planning
In today’s modern economy, estate planning must extend beyond physical real estate and traditional brokerage accounts to encompass digital assets. Comprehensive estate plans now include detailed inventories and legal access protocols for corporate domain names, intellectual property, digital media rights, and cryptocurrency holdings.

Fiduciaries and estate executors should be provided with secure, encrypted access mechanisms and clear legal authority to manage and transfer digital holdings in accordance with the owner’s estate directions.

Practical Steps for Legacy Planning
1. Review and Update Estate Documents: Ensure wills, revocable trusts, and power-of-attorney designations accurately reflect current family structures.
2. Establish Structured Trusts: Utilize irrevocable trusts to protect assets from creditors and minimize future estate tax liabilities.
3. Create a Digital Estate Inventory: Document access protocols and legal permissions for all online accounts, intellectual property, and digital assets.

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