Should I invest in gold and silver?

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David John Marotta
President, Marotta Wealth Management, Inc., Marotta Wealth Management, Inc.
http://www.emarotta.com  
434-244-0000

David John Marotta is the President of Marotta Wealth Management, a fee-only financial planning and asset management firm in Charlottesville, Virginia. He is an oft-quoted writer and speaker on financial matters and his weekly financial column can be found at www.eMarotta.com

Should I invest in gold and silver?

 

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Speaker:Should I invest in gold and silver?

David Marotta:Investments directly in gold and silver will not have a normal market rate of return. They will simply hold their value. Investments in gold mining companies and silver mining companies will end up appreciating in value. It is not a bad idea to have a certain amount of gold and we have a number of clients, for example, who came through the holocaust in Nazi Germany. The only way they got their family members out was because they had gold, and they could bribe the guards at the border to go find their family and bring them out of the country. So, a lot of people like to have gold in case some situation arises at which they need a quick store of a lot of value and I understand that. But I would only put 1 or 2 % of your net worth in any kind of gold or precious metals.

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