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Gold For The Long Term?
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On this episode of Dollar Wise, Jason Gabrieli and Catherine Allen Carlozo dive into the topic of gold as an investment. Recent events like COVID-19 and stock market fluctuations have made people lose faith in their sources of security, leading to increased demand for gold investment. However, investing in gold should only be done with moderation and should be evaluated in terms of where it fits into an investor's portfolio and long-term goals. They also discuss the risks and benefits of investing in gold, as well as its performance in the short and long term. Ultimately, listeners are urged to seek advice from a qualified tax, legal, or investment advisor to determine whether investing in gold is appropriate for their specific situation.
Tune into this episode to also learn:
- Is investing in gold a good idea?
- Should gold make up a large percentage of a long-term portfolio?
- What are some important things to keep in mind when investing in gold?
What we discussed
[00:00:54] The allure of gold: Tangible, yet its value fluctuates
[00:04:06] The perception of gold as a safe haven: Short-term value, long-term limitations
[00:08:36] Gold ownership involves moderation and diversification within a long-term portfolio
[00:11:36] Diversification is key, including understanding gold's role in a portfolio
3 Things To Remember
- Recent events such as banking system failures, COVID-19, and stock market fluctuations have led to uncertainty, causing people to lose faith in their sources of security
- Gold should only make up a small percentage of a long-term portfolio, especially for retirement
- It's important to avoid getting distracted from a long-term investment plan by short-term trends in the market, such as rising interest rates or fluctuating bank accounts. Additionally, buying and storing gold is expensive and risky, and commission rates and taxes for selling gold are high. Investing in ETFs or keeping it simple may be a better option
Useful Links
Connect with Jason Gabrieli: jgabrieli@HFMadvisors.com | LinkedIn
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