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Why I Don’t Own Any Gold
Gold is on fire. The yellow metal is up more than 60% this year. It’s risen nearly 30% in the last 3 months alone. It’s hard to get a nuanced opinion on gold as a holding. There are a lot of extreme opinions. Some people hate gold and think it’s useless. Some people love gold and think it’s the best protection against government spending, the dollar and the Fed. I’m not a big fan of going to extremes. I prefer to live in the gray area, not black or white. I personally don’t own any gold but I understand why some investors have an allocation. Gold is one of the most unique assets there is. It truly marches ... (full story)