Americans favor gold as the strongest long-term investment at the largest proportion in over a decade, a new survey found, as equities lose favor while the precious metal hovers at a near record high.
KEY FACTS
- About a quarter (26%) of Americans view gold as the best investment over the long term, according to a Gallup poll conducted between April 3 and April 25 among 1,013 American adults.
- That’s the highest faith in gold since 2012 and a nearly two-fold increase from last year.
- It’s also the first time since 2013 more respondents have favored gold over stocks.
- Accompanying that rising faith was declining trust in property ownership: About a third (34%) of respondents named real estate as the best long-term investment, still the top pick but down from 45% last year and at its lowest level since 2018.
- Just 18% of respondents identified stocks and mutual funds as the best investment category, its lowest rate since 2012 after major stock indexes suffered their worst year in over a decade in 2022.
- And belief in the two other listed categories—low- and high-yield savings accounts and bonds—surged to multi-year highs, reflecting the higher interest-rate environment.
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