Or, better yet, shiny things.

Mansa Musa, the richest man who ever lived, had a bag worth $400B in today’s bucks, and even managed to devalue gold by spreading it around. 

Bozos and the oily, musky ferret funk got nothing on that guy. 

Well, that guy lived/reigned some 700 years ago, so there is that.

Anyhoo, rumor has it that gold is a fool’s investment, because it is entirely speculative … meaning — its value is based on what someone thinks someone else will pay for it at some point in the future.

Wait.  Isn’t that market value, the entire basis of the capitalist economy?  Don’t go there.

Anyhoo, the thing about gold is this … it’s pretty, it’s shiny, and everyone … and that means everyone … agrees it has value, worth, and a price. 

Therefore / go get some.  Add it to that portfolio pie.  ‘Cuz right now?  Gold is trading at $2K/ounce.

Interesting factoid:  the price of gold rises with inflation, as well as the rate of interest.  Wat.Yeh. 
The higher inflation/interest rates, the more gold is worth. 

Go figure. 

However.

The opposite is true of bonds …
              … if interest rates / rate of inflation rise, then bond prices/values drop
              … if interest rates / rate of inflation drop, then bond prices/values rise

Go figure.

So, ingredients in the portfolio pie?  Stocks, bonds, with a dash of gold.

Keep cooking.