Is Gold a good investment? Steve Pomeranz discusses

http://www.OnTheMoneyRadio.Org Steve pomeranz tackles the question of gold: is it a good investment? Lets think about it: gold pays no dividends; it produces nothing; it does have some commercial value, but the only reason gold has value is because people value it.
Gold as a long term investment, in and of itself, has been a lousy investment; its not something you really want to put all your eggs in that one basket for.
So to answer the question as to whether or not you should be investing in gold right now, you should have a little bit in your portfolio for unseen events, but dont overdo it! You should consider putting gold in your portfolio as a little protection against bad things that may happen in other economies around the world, because you never know whats going to happen. Also remember that gold, as a commodity, isnt really something you can make millions of dollars on.

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