Investing in Gold and AI: The Winning Trades of 2021
As an expert in the area of Finance, I can confidently say that one of the best investments this year is gold. While artificial intelligence (AI) has been a hot topic, gold has quietly been outperforming with consistent record highs.
According to VanEck CEO Jan van Eck, investing in gold is the ultimate hedge against political cycles. Van Eck believes that foreign investments in bullion will continue to drive up the price of gold, benefiting both the commodity and gold miners. So far this year, the VanEck Gold Miners ETF has seen a 31% increase in value.
On the other hand, AI remains a popular choice for investors, with many refusing to give up on the trade. Van Eck points out that some of their biggest clients have been buying on the dip, demonstrating a strong belief in the long-term potential of AI investments.
VanEck recently launched the VanEck Fabless Semiconductor ETF as a companion to their Semiconductor ETF, excluding companies that run their own foundries like Intel. The top holdings of the new ETF include Nvidia, Broadcom, and Advanced Micro Devices.
Nvidia, in particular, stands out as a company that doesn’t build its own chips, offering a unique investment strategy in the semiconductor industry. Since its launch, the VanEck Fabless Semiconductor ETF has seen a half percent increase in value.
In conclusion, both gold and AI present compelling investment opportunities in 2021. Whether you prefer the stability of gold or the potential growth of AI, diversifying your portfolio with these assets can help you navigate the ever-changing financial landscape.
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