If you've been thinking about buying gold now may be the time


While Coronavirus has the markets down, gold is way up -- a seven year high, in fact. As long as the virus panic continues, gold may continue to climb.

America's Money Answers Man Jordan Goodman says in times of trouble, people like to have something physical of value.

"Gold is always kind of a safety haven because people want to have something physical and not trust the government in a case like that. I think gold could go up a lot further from where we are now."

Goodman says Coronavirus fears are good for gold traders.

"As long as it looks like it's continuing to grow, the Coronavirus is going to make gold keep going up; I think we can hit $2,000 an ounce."

Goodman says you can buy coins, bullion or gold mining shares.

"You can actually earn interest on your gold these days; there's a place called Monetary Metals where if you deposit your gold with them you get 5% interest paid either in cash or in gold, so you can have your money in gold actually earn something."

Gold's been around $1,650 to $1,700 an ounce in recent weeks.


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