$PAXG Gold Price Plunges Below $4,000 — Here’s How Investors Can Capitalize
According to a report from CBS News, gold’s price has dropped below $4,000 per ounce, offering a rare buying window for investors. CBS News
On October 21, gold suffered its steepest one-day drop in over a decade — falling about 6%. By October 28, it had declined to around $3,931.80/oz from the recent high of $4,356.21/oz recorded just a week earlier — representing nearly a 10% drop in under 10 days. CBS News
🔍 Why the Drop?
The decline is driven by several factors: easing geopolitical tensions, disrupted safe-haven demand, and profit-taking after a strong rally. CBS News
📈 How Investors Can Take Advantage
Re-evaluate your gold allocation — With prices lower, now may be a strategic time to increase holdings or buy larger bars instead of smaller increments. CBS News
Boost your portfolio exposure — If gold currently makes up less than the recommended 10% of your portfolio, the dip offers a chance to rebalance. CBS News
Explore alternate gold instruments — Consider gold ETFs, gold stocks, or gold futures in addition to physical gold bars and coins, each with different cost, liquidity, and risk profiles. CBS News
✅ The Bottom Line
While gold’s plunge may feel alarming, it could represent an opportunity rather than a crisis — especially if you act strategically. Lower prices often precede the next leg up for precious metals. With proper discipline, timing, and product choice, investors may leverage this dip into longer-term value.