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New TFSA (Tax-Free Savings Account) investors who are looking to further diversify (or even hedge) their portfolios may have looked at the gold. Indeed, gold is a pretty divisive alternative investment. Many gold bugs (or huge bulls on the shiny yellow metal) can’t seem to get enough of the age-old store of wealth.
Gold could shine from current levels
Meanwhile, some other investors, most notably, Warren Buffett, aren’t the biggest fans of the metal as an investment. Indeed, it’s a non-productive asset that doesn’t pay a dividend. In fact, you’ve got to pay to have it stored, which, in a way, can act as the opposite of a dividend, but not really!
In any case, I view gold as an intriguing portfolio stabilizer and secure store of wealth for investors who are eager to seek a place to stash excess cash as rates remain on the lofty side. Compared to the likes of a cryptocurrency, I’d argue that…
