Should I own gold? We have all seen and heard the commercials about buying gold, how it is the standard and gives protection and peace of mind, at least that is what they say in the commercials. What they are selling is actual gold pieces. If you are going to own gold in this manner, here are a few things to look out for.

How pure is the gold? The higher the purity, the higher the price.
What is the markup to the vendor? Often it is quite high.
How are you going to be able to use the gold? If Armageddon happens, are you going to trade a gold coin that cost you $2400 for a bag of groceries?

I believe in diversification and gold can be a hedge against traditional stocks and bonds. If you want to add gold to your portfolio, please look for a quality mutual fund or ETF that invests in gold.
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