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October 21, 2023 10:00 am
Investors who are concerned about a recession are putting their money in "safe havens." As Peter Richon with Richon Planning explains to Erin Kennedy, gold is usually seen as a safe haven when markets and economies are facing headwinds. And during periods of high inflation, gold is often seen as a hedge.
Investing in gold makes sense if you're looking to diversify your portfolio, or if you're interested in insuring against the devaluation or collapse of the dollar. However, if you're looking to maximize the growth of your investments, investing in gold is probably not the best vehicle.
In this video, Peter walks through how to invest in gold through ETFs, and he explains when and how to buy actual gold bars. If you would like to add gold to your portfolio, please give Peter a call at (919) 300-5886 or visit www.RichonPlanning.com
#Gold #WealthManagement #Recession #Inflation
