Should seniors buy Costco\u0027s gold bars?

Costco is now selling 1-ounce gold bars. But are they worth buying for seniors? Here\u0027s what to know now.

You should always be smart about your money — both where you keep it and where you store it. This is more important in today's uneven economy, with low unemployment but stubborn inflation and elevated interest rates. Against this backdrop, it's important to carefully weigh the pros and cons of each financial consideration. For seniors, especially, many of whom may be reliant on Social Security and retirement savings, each investment type needs to be valuable.

Historically a gold investment holds its value and even ticks up a bit in price when inflation is affecting the larger economy. This makes it particularly beneficial to have now when stock performance is uneven and retirement savings have dwindled. Just make sure that you invest in the right amount, as too much or too little could offset any potential gains.Learn more about your gold investing options here.

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