Spandau Ballet – Gold

Mo’ Mondays, Mo’ Music.

Gold recently hit a 11 month high and has been getting receiving some positive words.

The precious metal is said to be a great hedge against inflation and a valuable way to diversify your portfolio due to its negative (or weak) relationship with financial markets.

I don’t doubt the above, but I’d sooner buy stock in a gold mining company which pays a dividend. The main reasons for this are that gold has no yield and would be expensive to store safely and/or cheaply.

A lot of signs are pointing towards a stock market crash coming soon. Therefore, gold will increasingly be mentioned an should see prices continue to do well.

How do you feel about gold; do you have any or is it on your wish list? let me know ↓

Enjoy!

Speak your mind :)