Aug 2, 2020
For centuries, gold has been considered a store of wealth. For some investors, this belief may be stronger than ever before, as gold prices have reached record highs recently, driven largely by its reputation as a hedge against market volatility and concerns over the safety of global currencies. Yet it’s important to remember that while gold is doing well now, as an asset class it has significantly underperformed the S&P 500 over the past decade. That’s why most advisors recommend that investors allocate no more than 15% of their portfolio to gold. What’s the best way to get into the gold market? Pam, Richard and Terry weigh in on the pros and cons of investing in physical gold like coins and bullion, versus ETFs and mutual funds that invest directly in gold and funds that invest in mining companies that fulfill the global demand for this precious metal.