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071 Is Gold Safe?

We have always talked about making safe investments and the importance of assessing risks before making those investments.

 

As we’ve discussed, some investments create continuous cash flow, while others increase their value over time, giving us a profitable return. One of those investments is gold.

 

However, there’s a risk of investing in gold: its volatility. Its value could go up or down depending on public demand. If you decide to add gold to our portfolio, you must do it in a safe way, because not every portfolio has the need nor the space for it.

 

In this episode, I want to discuss some reasons that make gold a valid investment idea and how you should approach it safely without jeopardizing your financial future.

 

Today our conversation includes:

  • 5 reasons why people are attracted to gold.
  • Why is gold seen as a commodity?
  • Why is gold so volatile?
  • How to add gold to your portfolio? 

 

Resources mentioned:

 

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“The Entrepreneur’s Solution The Modern Millionaire’s Path to More Profit, Fans, & Freedom” – melabraham.com/book/

Mel is one of the smartest business people I know. I don't make any decisions without him! "

Brendon Burchard
#1 New York Times
Best Selling Author

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