From a year ago today, gold is up 11%, silver is 20% higher, platinum is up 4%, and palladium is 38% lower than a year ago today.
Continuing on in our discussion from last week about reasons to invest in gold, today we will discuss reasons 6-10.
6). Portfolio Diversification - Gold has a low or negative correlation with other asset classes, and owning it reduces portfolio volatility while increasing returns. A 55-35-10 portfolio with gold performs better than the traditional 60-40 portfolio without gold.
7). Political Crises - When confidence in government is low, owning gold provides stability.
8). Mortgage Value - Gold is considered a Tier-1 capital asset suitable for loan collateral at lower interest rates.
9). Private Asset Transfer - Easy to transfer gold assets to future generations discreetly.
10). Uncertainty Protection - situations that create difficulty for other assets often cause gold to thrive.