4 money moves to make in response to the events in Venezuela
CNBC••business
Key Points:
- Venezuelan President Nicolás Maduro and his wife were captured by the U.S. military on Jan. 3 and pleaded not guilty in New York City, an unprecedented event with potential long-term implications for global markets.
- In times of geopolitical turmoil like this, investors often turn to safe-haven assets such as gold, government bonds, and cash; gold prices recently hit a one-week high, and gold IRAs offer a tax-advantaged way to invest in physical gold.
- Oil company shares, including Chevron, Exxon Mobil, and SLB, have surged due to Venezuela's status as the country with the largest proven oil reserves, while oil price volatility may also impact gas prices in the U.S.
- Despite market fluctuations,
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