Pros And Cons Of Owning Gold (Podcast)

|
Includes: AAAU, BAR, DGL, DGLD, DGP, DGZ, DZZ, GHS, GLD, GLDI, GLDM, GLDW, GLL, IAU, IAUF, OUNZ, PHYS, QGLDX, SGOL, UBG, UGL, UGLD
by: SA For FAs
Summary

Gold’s returns over time are unimpressive - if your comparison is stocks.

But that’s not really the relevant comparison, and in fact, gold can facilitate your ownership of stocks.

The portfolio purpose that gold ultimately serves is as a cash equivalent that beats inflation and as a store of value when your dollars are not holding up.

Gold's returns over time are unimpressive - if your comparison is stocks. But that's not really the relevant comparison, and in fact, gold can facilitate your ownership of stocks.

This brief podcast (2:57) argues that it is prudent to keep another currency on hand (i.e., gold) for use when your day-to-day currency is not performing.

Listen on the go! Subscribe to the SA for FAs podcast on iTunes, Stitcher and SoundCloud (click the highlighted links).

Disclosure: I am/we are long IAU. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.