Discover the tips and strategies that will help you achieve your retirement goals.

I'm your host, James Canole, and this is the podcast dedicated to helping you retire well.

It all starts right here on Ready for Retirement. for retirement.

Hi, everyone.

Welcome back to another episode of Ready for Retirement.

I'm your host, James Knoll.

The topic for today is, is gold a good investment?

Now, if you've been paying attention to gold, you've seen that it's been very hot this year.

As of this recording, gold is up about 27% and the gold spot price is about $1,927 per ounce. So that's pretty good, especially considering if you've been looking at the stock market this

year, there's not too many parts of the stock market that are up that much. In fact, most stocks are

about flat or even down so far on the year

with the recent coronavirus stuff and everything else going on this year. So it begs the question,

does gold play a role in your portfolio? And if so, how should it play a role in your portfolio?

And we're going to explore that and more detail today's podcast. So before we start, there's

typically, and sometimes there's more, there's typically three

reasons people give to own gold. Number one, it's an inflation hedge. Number two, they considered it

part of portfolio diversification. And number three, it has a history of holding its value.

So those are three reasons I commonly hear. And we're going to explore each of them. And before we do,

so I'm just going to just give the disclaimer that I am not a gold expert.

Now, I certainly think I know enough to understand how does it fit in a portfolio and how should we

think about it.

But there are some people that they know the history of the gold.

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