With so many investment options and only one budget, it helps to do your homework before getting started. While you can earn significant returns with assets like stocks and bonds, you can also lose substantial amounts of money, often overnight. Because of the potential for this, many experts advise investors to diversify their portfolios with a mix of asset classes and accompanying risks. One such asset that many have turned to this year is gold.
Now compare those changes to some other, more volatile assets this year and it's clear that the overall price of gold tends to stay steady.Learn more about how gold investing works here now.It can be durable during times of inflationWhile there may be a lot of individual reasons why investors have turned to gold this year, one of the inarguable ones is due to the protection it can provide against inflation.