Gold is the ultimate form of money, and it is financial insurance which has stood the test of time for over 5000 years.
It has been said by many financial experts that one should hold 10% of their liquid net worth in gold in good economic times. Today, we do NOT live in good economic times..we live in a time of uncertainty and financial chaos. It will be that way until gold is remonitized. If or when that happens is anyone's guess, but once thing is for sure..gold will hold its value and save you from financial ruin should things get ugly.
So the question one needs to ask themselves is..how much am I comfortable holding? For some people it might only be 10%...for others it might be 20% of their net worth. For times like these, I think that 20% is a good starting point. If you have none, get some and hold it long term. As a disclaimer, this is not financial advice nor a recommendation to buy or sell. Be sure to do your own due diligence and research before investing in any financial asset.
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