Gold in a Portfolio: Diversifier, Hedge, or Just a Shiny Distraction?
Ask five investment professionals what gold is for, and you may get five different answers. One well-known personal-finance host dismisses it outright as an income-free asset with a mediocre long-term record. A prominent Wall Street strategist has proposed replacing half the traditional bond sleeve with it. A hedge-fund founder wants a combined stake in gold and bitcoin as insurance against currency devaluation. All of them are looking at the same metal — they simply disagree about the job it’s being hired to do.