Why gold matters
“Why own gold? Because it makes sense, within a properly diversified portfolio, to have portfolio insurance. If you own a home, it makes sense to have fire insurance. Your investments are no different. And gold is now back, more relevant than ever. Since the start of the millennium gold, as expressed across a wide variety of currencies, has generated average annualised returns of over 9%.”
USAGOLD note: The author’s rationale for precious metals ownership sounds very much like the one we make on these pages regularly.
Repost from 6-3-2019