Gold is the train wreck trophy wife of your financial portfolio

Provided by Michael Taylor of the Houston Chronicle:

A significant portion of the Financial Infotainment Industrial Complex dedicates itself to selling you gold, as an investment.

I’m here to tell you: Resist.

I have already written about the three other horsemen of your personal financial apocalypse: variable annuities, time shares and bitcoin.

The commonality of these four horsemen is that they are sold to credible people as “investments” when they are really the opposite of investments. All four act as a drain on your net worth.

Gold fails the fundamental test of what constitutes an actual investment…
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