By Patrick Heller
The main reason why I advocate that people should own some bullion-priced physical gold and silver coins and ingots as part of their investment portfolio or net worth is to serve as a form of “wealth insurance” against declines in the value of paper assets such as stocks, bonds, and paper currencies.
The financial turbulence of the past few weeks shows perfectly why I make such a recommendation. In an analysis I did of the changes in paper asset values against an ounce of gold for the four weeks ended March 10, 2020, every single paper currency and stock index I track had declined against gold
Category Archives: paper currencies
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