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Better Money Decisions

You’ve probably started with great intentions, telling yourself you’ll stash away more for retirement and buy fewer lattes (because some writer said buying lattes is a bad thing). But life happens. It’s not as neat and tidy as the financial experts on TV seem to think. You’ve got a lot going on in your life, and you need more than simplistic, cookie-cutter instructions to keep you on the right financial path. Kate Stalter escorts you to the right path for your money. She talks to experts and "normal" people who have taken the right steps to make better money decisions.
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Now displaying: Page 1
Mar 2, 2017

The question of whether or not to buy gold comes up a lot for Kate. She mentions that people often tend to think of gold as having special powers, due to the lack of correlation with the stock market. Kate understands the appeal as an alternative asset class, however, she does point out that the lack of correlation is often the wrong reason to buy gold. Also, she reminds you to be aware that talk radio shows are often sponsored by gold traders and gold companies. 

 

Today's guest is Peter Hug, a Gold Trader and expert commentator with Kitco. Today, Peter explains about the different types of gold investors. He also talks about rebalancing and about the times that gold is a poor investment. He gives the pros and cons of investing in it and explains that gold is merely an asset class, not a supernatural type of protection against inflation, the president, or anything else. He explains the importance of being prepared and understanding your reasons for investing in it and also understanding where gold fits into a diversified market. Listen in today and equip yourself to make the right choice, when making an investment.

 

Today Peter talks to Kate about:

 

•Himself, Kitco and what he does there.

•The idea of people using gold and precious metals as investments, in context with the other holdings in their portfolios.

•That the psychology of selling or adding  to a position on weakness is difficult for a lot of investors- yet you need to do it.

•The pros and cons for an investor to be using products like ETF, IAU or GLD.

•Some of the risks inherent with buying gold because people think that something is going to happen to make the gold price go up.

•Why he thinks that BREXIT won't be as bad as people think.

•His advice to investors with an allocated portfolio, looking at financial planning, about where to start researching whether or not to buy gold.

 

Links:

 

Peter's Blog: www.kitco.com 

 

Peter's email: phug@kitco.com

 

 

For your free portfolio risk assessment: askus@americatalksmoney.com

 

 

 

 

 

 

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