Is Gold the Answer? First, What Is the Question?

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News and commentary programs are being inundated by ads with dire warnings of the imminent collapse of the U.S. economy and the dollar.

  • "Are you worried about the value of the dollar? Protect your wealth and safeguard your financial future. Invest in gold!”
  • “Don't gamble with your finances – choose the proven safeguard of gold."
  • “The fate of the US dollar is uncertain. With ballooning debt levels and a struggling economy, experts warn that a collapse could be imminent. Protect yourself by investing in gold, the ultimate hedge against economic instability."

The ads must be hitting home. I’ve had several inquiries wondering if selling out of a diversified portfolio and going to gold would be a good idea.