Gold as an investment
My wife has been encouraging me to consider investing in gold when we get our insurance settlement money. She seems to think that putting some of our money in gold would be a good hedge against the stock market dropping again. I have to admit that I have always considered gold as a suspect when it came to investing money. I know that the price of gold can fluctuate too.
But my wife keeps telling me that investing in gold as a way to diversify our portfolio is a sound decision. She keeps telling me that it is never wise to put all of your eggs in the same basket, and that we need to spread our money out so that if one investment does poorly then the other might take up the slack and do well. I have to admit that there is a lot of logic in that reasoning. Diversification is a good way to protect ourselves financially.