Gold Investing: At Best, a Hedge – At Worst, Completely Silly

Over at Finance Superhero, I’m discussing gold investing and why you really don’t need gold in your portfolio. Here is a teaser, but if you want to get the full picture, be sure to hop over to Finance Superhero!

Gold investing was always a topic of heated debate in my house. My grandfather was a total gold bug. He was convinced that the dollar was essentially worthless since Nixon brought an end to the gold standard in 1971. No matter how often we sparred with him on the total doomsday scenario he created in his mind where we would wake up to a completely devalued US dollar, he was convinced. Gold was the only way to protect your wealth.

My grandfather passed when I was 16, but there is a vocal minority of people who still agree with him. And with markets at all-time highs, political uncertainty abounding, and low-interest rates the debate is arising yet again. So today, I wanted to share why gold should be, at most, a very small percentage of your portfolio. And why it’s 0% of mine.

Want to read more? Click here to hop over to the full post!

1 Comment

  • Holly May 27, 2017 at 1:28 am

    I read your article on Finance Superhero’s website. Good stuff. I never considered investing in gold because it sounds ridiculous, but I didn’t have anything to back up my instincts. Now I do. Thanks!

    Reply

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