|Bid||19.38 x 317000|
|Ask||19.43 x 40000|
|Day's Range||19.23 - 19.61|
|52 Week Range||13.80 - 19.76|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||18.24%|
|Beta (5Y Monthly)||-0.01|
|Expense Ratio (net)||0.25%|
Gold today is nearly as overvalued as it’s ever been over the past five decades. According to preliminary data recently compiled by Bloomberg, worldwide holdings in gold-backed ETFs now total 3,356.6 tons — a sum that surpasses the holdings of any government other than the U.S.
Caesar Bryan of the Gabelli Gold Fund says investors need the yellow metal as an insurance policy against the coronavirus crisis.
If you're hesitant about gold investing simply because prices have run up so much already, here are a few points to consider.