The value of gold in a portfolio
Repost from 2-19-2021
“For thousands of years, people have used gold to trade goods and services, store wealth, and protect against the pernicious effects of inflation. While gold may not be as essential to the plumbing of our financial system as it was decades ago, it remains a popular investment.…We are always monitoring gold for its investment potential, keeping an eye on its supply and demand balance, as well as other variables such as money supply, inflation, and real interest rates. We believe that current financial conditions favor a position in gold.”
USAGOLD note: If you are new to the idea of gold and looking for a good overview on why it makes sense in the portfolio, this Seeking Alpha piece would be a good starting point.