The price of Gold has steadily gone up this year and reached a record high in October.
Since the beginning of 2024, Gold has increased around 33%. Gold recently reached an all time high of $2748.07 this month. It started the year at about $2073.40.
Some Gold experts believe we could see it at $3,000 before the end of the year. It's also possible Gold will reach that mark, during Q1.
Matthew Duncan, a partner at U.S. Coins & Jewelry in Texas, said a lot of people use Gold as a hedge against inflation and the state of the economy.
"Gold, in general, have been very popular," he said. "We have a lot of customers that chart Gold and they are charting that Gold is going to continue to rise."
Silver is on the rise too. The metal nearly reached $35/oz this week, coming in at $34.84 per ounce, the highest rate since 2012. Some analysts predict that Silver could will exceed $35/oz before the election.
"Gold and Silver, it's something that you can get instant liquidity and a lot of our customers use it just for that," Duncan added.
It's pretty common to see ads on TV or hear them through the radio for Gold and Silver, but it could be difficult to identify what businesses that deal in metals are legit. Duncan said if you have questions about metals, do some research before flying in to buy or sell.
"Looking up places that have good BB ratings and reviews because it's good to find someone that's been in business for a long time and is trusted," Duncan said.