The Safety of Gold and Gold ETFs

by Monty Pelerin
Monty Pelerin’s World

There are two ways to invest directly in gold: Gold and Gold ETFs. Gold mining stocks are an indirect way to do so.

Why invest in gold?

Gold is considered a safety asset. That is, it is expected to hold its value reasonably well through different economic scenarios. In general it does so. It is not a perfect hedge, but nothing is. As demonstrated over many centuries, it is the best imperfect hedge.

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