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  • 1 year ago
16: Should I Buy Gold with Peter Hug

16: Should I Buy Gold with Peter Hug

The question of whether or not to buy gold comes up a lot for Kate. She mentions that people often tend to think of gold as having special powers, due to the lack of correlation with the stock market. Kate understands the appeal as an alternative asset class, however, she does point out that the lack of correlation is often the wrong reason to buy gold. Also, she reminds you to be aware that talk radio shows are often sponsored by gold traders and gold companies.    Today's guest is Peter Hug, a Gold Trader and expert commentator with Kitco. Today, Peter explains about the different types of gold investors. He also talks about rebalancing and about the times that gold is a poor investment. He gives the pros and cons of investing in it and explains that gold is merely an asset class, not a supernatural type of protection against inflation, the president, or anything else. He explains the importance of being prepared and understanding your reasons for investing in it and also understandi