Gold taking a pounding
So, why is gold in a freefall? The dollar is getting stronger even though we continue to print dollars to attempt to pay our bills and keep the banking system afloat. Sounds like there are some behind the scenes activities going on.
I have always been a believer in owning some physical gold, up to 20% of your overall portfolio. I just feels right to own some real money instead of having all of your wealth in paper assets. When you hold real gold in your hands, you feel “Settled.”
Right now with gold below $800 it is an absolute bargain. Silver seems even more of a steal. I own both and the market looks so oversold right now that I believe it is a good time to add more to my portfolio.
Looking at the economy in the US and the rest of the world, there is too much trouble to rely on just owning the usual stocks, bonds, mutual funds etc. I believe having gold in your safe and safety deposit box is just plain common sense. Take a look at gold and silver and you may want to consider owning some right now.