Investors who are concerned about a recession are putting their money in "safe havens." As Dustin with Mundorf Wealth Management explains to Erin Kennedy, gold is often seen as a safe haven when markets and economies are facing headwinds. And during periods of high inflation, some see gold as a hedge.
A position in gold may make sense if you're looking to diversify your portfolio. However, you'll want to consider the current interest rate environment. And if you're looking to maximize the growth of your investments, investing in gold is probably not the best vehicle.
If you would like to talk through whether investing in gold is in line with your financial goals, please feel free to reach out to Dustin. Just text or call the number on the website, or book a free chat by visiting www.LongLiveMyMoney.com
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