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TOP 10 REASONS YOU SHOULD BE INVESTING IN GOLD

TOP 10 REASONS YOU SHOULD BE INVESTING IN GOLD | Part 2

August 09, 2023285 view(s)

The metals went on sale this week, a temporary breather in the march to higher prices. Gold was down 2% to $1,946, and silver was down 5% to $23.93.

Platinum was 4% lower to $937, and palladium was 2% lower to $1,289.

 

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.

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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.  


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