Wealth of Geeks: With a Debt Crisis Looming, Will Gold Shine if Stocks Decline?

Published on Wealth of Geeks on May 22, 2023

While it is certainly stable, it is not a growth asset, for it does not actively generate a profit like a productive business or innovative technology. Hence, unlike stocks or even real estate investment trusts, gold itself does not pay dividends. For this reason, some caution against buying gold, even when it appears in vogue to do so.

“I would advise my clients not to buy gold – not now, not ever,” says David A. Fowler, founder of High Mountain Financial Coaching. “Over the long run, gold as an investment only has bond level rates of return but stock market levels of risk. A more risk-averse investor is better served buying bonds; likewise, an investor willing to take on more risk should consider equities over gold.”

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