I advocate that the prudent person should allocate a minor percentage of their investment portfolio or net worth to the ownership of bullion-priced physical gold and silver. In my mind, this is buying “wealth insurance.”
The concept behind doing so is that the value of gold and silver tends to move counter to the changing values of paper assets such as stocks, bonds, and paper currencies
Category Archives: bullion-priced physical gold and silver
Why I am not a gold bug
I periodically remind readers and listeners that they need to own a small percentage of their net worth or investment portfolio in bullion-priced physical gold and silver.
I consider this allocation to be “wealth insurance” against the risk of a major decline in the value of paper assets such as stocks, bonds, and paper currencies.
In making this recommendation, I have to tell you I am not described as a “gold bug