It's Time to Buy Gold for ME
Don't get misled by the title it's not a good time to buy gold but for me, it is time I diversify my assets into gold as well. No matter what investing principle you follow you need to keep your investments diversified and hedged against another asset and Gold has been an Investment that has always served as a good hedge against the stock market. But I do have my own principle that I follow which is to have at least a minimum of 20 percent of my entire portfolio which includes my Stocks as well as Bonds in Gold.
Last year I went on a buying spree for gold where I committed to buying at least 2 grams of gold per month and I was buying gold like crazy but soon I met my goal which was to have 20 percent of Gold holdings so I had to stop investing in Gold. But now that my Stocks Portfolio has increased by a lot I have to once again go in the same buying frenzy to meet my 20 percent goal of gold holdings.
Personally, I feel like anyone who is investing in different aspects like Bonds, Stocks or Crypto should keep Gold as well. The ratio for me as I said is a solid 20 percent but that may vary from person to person. I am solid on my investments and I believe that keeping 20 percent of my Portfolio in Gold is more than enough to hedge any losses I incur, that is my choice and anyone is free to change that percentage any way they want. But the important thing is to have Gold no matter what the amount is as Gold is a Forever Asset that has been through the thick of times.
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