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The Pros and Cons of adding gold to your investment portfolioAll listings are the responsiblity of the posters; keep in mind, anyone can post anything! |
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The Pros and Cons of adding gold to your investment portfolioAll listings are the responsiblity of the posters; keep in mind, anyone can post anything! |
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Gold Investing StrategiesThe Pros and Cons of adding gold to your investment portfolio
Due to increased printing of new money by the Central Banks of the US and Europe, you may be considering adding gold to your investment portfolio. With ever-increasing inflation rates, you don’t want to be stuck holding cash that’s quickly losing its value.
One of the traditional hedges against inflation is precious metals, especially gold. However, many investment advisors suggest that you only have 2 to 5% of your total portfolio invested in precious metals. In times like these, you should seriously consider increasing the amount of gold you own. It’s the most likely way of keeping the purchasing power of your money. The pros of investing in gold Gold has been a way for people to store and exchange wealth for centuries. It’s unlikely that gold will suddenly become worthless, like shares of stock in a bankrupt company, or bonds of a country that defaults on their payments. It’s also universally recognized and easy to sell. When you’re ready to cash out, you won’t have any problems finding someone who’s willing to buy your Krugerrands. In case things get extremely bad, gold is relatively easy to transport somewhere else. How many immigrants were able to start a new life in a new country, funded by the gold they were able to carry with them? If your wealth is tied up in cash, and your country goes through hyperinflation, as dozens of countries have, then you’ll have nothing but worthless paper to start with. The cons of investing in gold One problem with gold as an investment is that it doesn’t do anything until you sell it. There are no dividends, no interest, nothing that produces any income for you. In fact, you’ll probably end up spending money to keep your gold secure in a safe deposit box. Gold also tends to do best in times of economic crises. Unfortunately, the same crisis that’s causing your gold to increase in value may be the one that forces you to sell your gold early, so you can get cash to pay your bills. When you do buy physical gold, you’ll often pay a hefty premium – at least 2% and maybe much more if you wait until so many people are buying gold that it’s hard to deliver. That could have a large impact on your profits when you sell your gold. Overview If you currently don’t own any gold, or if gold represents a very small part of your investment portfolio, you owe it to yourself to consider purchasing more. Even as gold reaches record high prices, the conditions that have caused that aren’t changing. Governments are still running massive deficits that realistically can’t ever be repaid. Central Banks are printing money faster than ever. Inflation is quickly eating up the value of your money. You need to take the appropriate actions now, if you want to have a comfortable future. You can talk about... The Pros and Cons of adding gold to your investment portfolio Tags: • portfolio • investing in gold • investment portfolio • pros and cons • invest in gold • Related articles:
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