Is it smart to put money in gold?

Historically, gold has been an excellent hedge against inflation, as its price tends to rise when the cost of living increases. For the past 50 years, investors have seen gold prices soar and the stock market crash during years of high inflation. The point here is that gold isn't always a good investment. The best time to invest in almost any asset is when there is negative sentiment and the asset is cheap, providing substantial upward potential when it returns to favor, as stated above.

Since the economy is uneven and the prospects for any potential financial relief are unclear, now is a good time to review your investments. Depending on your personal circumstances, age and financial goals, gold may be a worthwhile investment. In short, this law began to establish the idea that gold or gold coins were no longer needed to serve as money. Instead of investing all your money in stocks and bonds, distributing it among different types of investments could help you better manage risk and return.