The global economy was thrown for a loop by the coronavirus pandemic, which resulted in countries effectively shutting businesses down to slow the spread of the virus. As the global economy opened back up, demand skyrocketed and supply chains couldn't keep up. Given that backdrop, it shouldn't be too surprising that inflation has been heading higher. Fear about inflation, meanwhile, often results in investors looking for investments that can provide inflation protection. Gold has been a beneficiary. But what's the best way to add precious metals to your portfolio?

There are no perfect investments. Everything comes with a trade-off. For example, safe income stocks often lack growth appeal. Or, in this case, buying a hard asset like a gold coin means you will only ever own that gold coin. But what does that gold bullion do for you? When inflation is raging gold prices often move higher because it is considered a store of wealth. Right now gold prices are near historical highs.

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Source Fool.com