The worst reason to buy something is because you see it in the news. Dont buy it because its hot, buy it because you think its a good investment for your portfolio. An individual investor should not be trying to speculate on the price of gold.
Some investors just like the idea of owning gold. Theres a certain romance to it, and thats one of the reasons people buy it. But is that what investors should be doing Not necessarily. If youre going to hold it, make it a small piece of your portfolio.
If you're going to hold it, make it a small piece of your portfolio.