It may be a good idea to invest in gold this May. But, you should consider these pros and cons before you do.
Are you thinking about investing in gold this May? Doing so could be a wise choice. After all, gold has a long history as an inflation hedge, currency alternative and portfolio diversifier. However, no investment decision should be made on a whim. Instead, it's important to weigh the pros and cons of any investment decision before you make it. And, while there are plenty of reasons to consider investing in gold this May, there are also a few reasons you may be apprehensive about doing so.
Con: You'll need to store your goldAt first glance, buying gold may seem akin to making any other investment. But, there are important differences between traditional investment assets like stocks and bonds, and gold. One significant difference between these investments is that when you buy gold, you'll have to have a safe place to store it . That may be in a safety deposit box or a gold depository. In either case, you may have to pay a storage fee, which could cut into your earnings.
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