Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Those of you who remember quality 1980s music will recall the song ‘Gold’ by Spandau Ballet which includes the words “You’re indestructable…Always believe in…‘Cause you are gold”. From an investment perspective, what this should mean is that it is smart to have a chunk of your portfolio in the shiny yellow metal. Yes, the gold price has fallen by a couple of hundred dollars per ounce, but in a world of unbelievable debt volumes out there (and in my view 2020s decade inflation rates that are likely to be above bank and bond yields for a while), it makes no sense not to have some.
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