You won't get dividends or interest on tangible gold. You may have to wait years for gold to rise in value. One problem with investing in gold is that you have to store your gold somewhere. Now that you know the pros and cons of investing in gold, it's up to you to decide if you still want to buy gold or if you prefer to invest in the stock market or real estate.
What are the two disadvantages of gold?
You won't get dividends or interest on tangible gold. You may have to wait years for gold to rise in value.Lynne Bahoora11/12/20220 minutes 22, seconds read
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Roth IRAs and traditional IRAs are good options for those seeking to maximize their retirement options. You can have both retirement vehicles and contribute to each one, as long as your total contribution doesn't exceed the Internal Revenue Service (IRS) limit for a given year.
Both stocks and gold are important investments, but they behave differently, as stocks have a history of overcoming inflation in the long term, while gold acts as a buffer against uncertainty and improves portfolio diversity. Historically, stock markets have been shown to offer the highest long-term returns.