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To own gold or not too? That is the question!

This article in the Sunday Business section of The New York Times is interesting because it highlights some facts about gold as an investment that many of us are not totally familiar with. For instance, owning gold over the long run as an only returns roughly one percent on your money, similar to short-term Treasuries. However, gold is much more volatile as we have seen this year and yet gold does not consistently track the stock and bond market. For this reason, it is a good diversification tool, one of the main arguments for owning some good in your portfolio!