On this week’s episode of Grow Money Business we revisit a mailbag question from a few months back: should you be investing in precious metals? Join us as we talk about whether we should include precious metals in our investment portfolios, the pros and cons of doing so, the different ways you can invest in precious metals, and more.
Show Notes
[05:34] Investing in gold – Grant starts off the conversation by explaining the history of investing in gold.
[14:12] Gold standard – Grant describes how the U.S. decided to abandon silver and move to the gold standard.
[20:17] The Great Depression – Grant shares how the Great Depression impacted the gold standard.
[26:00] Sensibility – Grant explains why it doesn’t make a lot of sense to invest in precious metals as part of your portfolio.
[32:00] Investing – Grant shares how you can invest in precious metals, should you choose to.
Resources
Gold standard
en.wikipedia.org/wiki/Gold_standard
The Gold Standard Throughout U.S. History
learn.apmex.com/learning-guide/history/the-gold-standard-throughout-u-s-history/