Or, better yet, shiny things.<\/p>\n\n\n\n
Mansa Musa, the richest man who ever lived, had a bag worth $400B in today\u2019s bucks, and even managed to devalue gold by spreading it around. <\/p>\n\n\n\n
Bozos and the oily, musky ferret funk got nothing on that guy. <\/p>\n\n\n\n
Well, that guy lived\/reigned some 700 years ago, so there is that.<\/p>\n\n\n\n
Anyhoo, rumor has it that gold is a fool\u2019s investment, because it is entirely speculative \u2026 meaning \u2014 its value is based on what someone thinks<\/em> someone else will pay for it at some point in the future.<\/p>\n\n\n\n Wait. Isn\u2019t that market value, the entire basis of the capitalist economy? Don\u2019t go there.<\/p>\n\n\n\n Anyhoo, the thing about gold is this \u2026 it\u2019s pretty, it\u2019s shiny, and everyone \u2026 and that means everyone<\/em> \u2026 agrees it has value, worth, and a price. <\/p>\n\n\n\n Therefore \/ go get some. Add it to that portfolio pie. \u2018Cuz right now? Gold is trading at $2K\/ounce.<\/p>\n\n\n\n Interesting factoid: the price of gold rises with inflation, as well as the rate of interest. Wat.Yeh. Go figure. <\/p>\n\n\n\n However.<\/p>\n\n\n\n The opposite is true of bonds \u2026 Go figure.<\/p>\n\n\n\n So, ingredients in the portfolio pie? Stocks, bonds, with a dash of gold.<\/p>\n\n\n\n Keep cooking.<\/p>\n","protected":false},"excerpt":{"rendered":" Or, better yet, shiny things. Mansa Musa, the richest man who ever lived, had a bag worth $400B in today\u2019s 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. … <\/p>\n
The higher inflation\/interest rates, the more gold is worth. <\/p>\n\n\n\n
\u2026 if interest rates \/ rate of inflation rise, then bond prices\/values drop
\u2026 if interest rates \/ rate of inflation drop, then bond prices\/values rise<\/p>\n\n\n\n