A great way to diversify your portfolio is by purchasing gold. It is an asset that is not subject to inflation and tends to go up in value when the stock market goes down. Due to its high liquidity, gold can also increase in price even in times of turmoil. Most finance professionals recommend investing anywhere from 5% to 10% of your portfolio. However, gold is a costly investment and you should consider your financial goals before making any investment.
Gold is valuable because of its rarity. It is estimated that there are more gold reserves than enough for three swimming pools the size of an Olympic. In addition to being a store of wealth, gold is also highly durable and has the ability to resist corrosion and tarnish. Because of this property, gold is useful in many industrial applications. These include building structures and producing electricity.
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