071 Is Gold Safe?
from Building Your Money Machine Hosted by Mel Abraham
We have always talked about making safe investments and the importance of assessing risks before making those investments. As we’ve discussed, some investments create continuous cash flow, while others increase their value over time, giving us a profitable return. One of those investments is gold. However, there’s a risk of investing in gold: its volatility. Its value could go up or down depending on public demand. If you decide to add gold to our portfolio, you must do it in a safe way, because not every portfolio has the need nor the space for it. In this episode, I want to discuss some reasons that make gold a valid investment idea and how you should approach it safely without jeopardizing your financial future. Today our conversation includes: 5 reasons why people are attracted to gold. Why is gold seen as a commodity? Why is gold so volatile? How to add gold to your portfolio? Resources mentioned: Ep 64: Three Investments You Need to Build Wealth Ready to set a solid financial foundation? Join the 7 Day Money Plan Workshop by clicking here Connect with me: Website: MelAbraham.com YouTube: MelAbraham.com/tube/ Instagram (@melabraham9): MelAbraham.com/ig/ Facebook Group: MelAbraham.com/group/ TikTok: https://www.tiktok.com/@melhabraham Check out my book: “The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” - melabraham.com/book/
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We have always talked about making safe investments and the importance of assessing risks before making those investments. As we’ve discussed, some investments create continuous cash flow, while others increase their value over time, giving us a profitable return. One of those investments is gold. However, there’s a risk of investing in gold: its volatility. Its value could go up or down depending on public demand. If you decide to add gold to our portfolio, you must do it in a ...
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