5 reasons you should be buying gold right now
May 8, 2015, 9:52 AM | Updated: Jul 29, 2015, 10:29 pm
With Cash for Gold stores popping up in recent years, one might get the wrong impression about this precious metal. Trading unwanted jewelry is much different than investing in the real deal. It’s true, gold has had it’s share of ups and downs. But savvy investors understand, all investments move in cycles.
Here are the top five reasons to consider investing in gold right now.
Diversification
Having a diversified portfolio is one of the most tried and tested protections against market risk. Even so, many investors stubbornly stick with portfolios comprised entirely of stocks. In the case of a serious market correction, there tends to be high correlation between small cap stocks, value stocks and even large cap stocks.