There are a few reasons why you might consider including gold in their portfolio:
Diversification: Gold tends to have a low or negative correlation with other asset classes, such as stocks and bonds. This means that gold can potentially help to diversify an investment portfolio and reduce the overall volatility of returns.
Inflation hedge: Gold is sometimes seen as a hedge against inflation because it tends to retain its value over time, even when the purchasing power of paper currencies declines.
Safe haven: During times of economic or political uncertainty, gold is sometimes viewed as a safe haven asset because it is widely recognized and accepted as a store of value.
It's important to note that gold is not a risk-free investment and can fluctuate in value. As with any investment, it's important to do your own research and carefully consider your investment objectives, risk tolerance, and overall financial situation before deciding whether to invest in gold. Qenta does not provide tax, investment, or legal advice or advisory services.