Dezaad
DP Veteran
- Joined
- Feb 7, 2005
- Messages
- 5,057
- Reaction score
- 2,424
- Gender
- Male
- Political Leaning
- Very Liberal
Sure, Gold can reduce risk. It may or may not be the best way to do that. In any case, it is utter foolishness to invest, right now, in gold. Unless you're planning on holding on to it until the next bubble. I am being facetious, because even then, there are much better places to put your money, right now. If a person wants gold in their portfolio, buy it AFTER it crashes. When everyone else is afraid to touch it. THEN hold it until the next bubble. That really is the ticket.In spite of boom-bust gold prices, it is highly regarded as an inflation hedge and for go-to-the-mattresses safety. Gold, in one form or another, belongs in any well-balanced investment portfolio. The people I personally know who buy actual gold boullion buy it as a safety net. Lately, though, it's been a great investment as well. $273 in 2001 to $1300 today. Don't know about you, but I don't get many five-baggers. If I intended to sell. I don't. Boullion is for holding. Gold stocks for trading. JMVHO.