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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.19-0.7%4:00 PM EST

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To: bull_dozer who wrote (201867)10/6/2023 12:49:58 AM
From: bull_dozer  Read Replies (1) of 218145
 
My 8-year-old son was given $35,000 in gold bars. Do we hold onto them — or sell and invest the money?

Gold is a raw material. It’s a hedge against inflation and it’s always good to diversify your portfolio. Gold, like silver and other commodities, may go up (or down) in value, but it does not yield dividends, it pays no interest and, unlike real estate, it will not provide a roof over your head or long-term income. It’s nice to look at, nice to hold, but if you want to build a viable nest egg, you’re better off avoiding gold.

https://www.marketwatch.com/story/i-did-not-grow-up-with-wealth-my-8-year-old-son-was-given-35-000-in-gold-do-we-keep-it-or-sell-and-invest-the-money-8df601d4?mod=MW_article_top_stories
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