Two important people talked about how much they like gold and think it will keep going up in value. One person said that many things are making gold more valuable, and the other person said not to sell your gold because it will get even more valuable later. They both agree that now is a good time to own gold. Read from source...

1. El-Erian argues that gold is not unusual to reach new highs this year, but he does not provide any evidence or data to support his claim. He seems to be ignoring the fact that there are many factors driving the price of gold higher, such as inflation, geopolitical tensions, and currency debasement.
2. Schiff's advice to investors is overly simplistic and does not account for the potential risks associated with holding onto gold and silver assets during a volatile market environment. He also relies on anecdotal evidence and emotional appeals, such as "good things come to those who wait," instead of providing logical arguments or historical precedents.
3. The article does not mention any alternative investment options for readers who may be interested in diversifying their portfolios or hedging against inflation and currency risks. It also does not provide any analysis of the current market conditions or future trends that could impact the price of gold and other precious metals.

Given the current market conditions and the expert opinions shared by Mohamed El-Erian and Peter Schiff, I would suggest considering the following investment strategies for gold:

1. Allocate a portion of your portfolio to physical gold or silver assets. This can be done through purchasing bullion, coins, or bars, or via gold ETFs such as SPDR Gold Trust (GLD), iShares Gold Trust (IAU), Abrdn Physical Gold Shares ETF (SGOL), and VanEck Gold Miners ETF (GDX). These options provide a convenient way to gain exposure to the gold market without having to deal with storage and security issues.

2. Invest in gold mining stocks through an ETF such as VanEck Gold Miners ETF (GDX) or individual stocks such as Barrick Gold Corporation (GOLD), Newmont Corporation (NEM), or Kinross Gold Corporation (K). These stocks offer leverage to the price of gold and can provide additional returns if the mining companies improve their operations and lower costs.

3. Consider a diversified gold fund that invests in both physical gold and gold mining stocks, such as the Aberdeen Standard Physical Gold Shares ETF (SGOL). This approach allows you to benefit from both the appreciation of the gold price and the upside potential of well-managed miners.

Risks:
As with any investment, there are risks involved in investing in gold. Some of these risks include:

1. The price of gold can be volatile and subject to sudden changes due to various factors such as global economic conditions, geopolitical events, or changes in interest rates.
2. Gold mining companies may face operational challenges, regulatory issues, or market fluctuations that can negatively impact their financial performance and the value of their stocks.
3. Physical gold storage and security risks are also associated with owning bullion, coins, or bars. These risks include theft, loss, or damage to the assets.