Don asks Dave if he recommends having gold or silver as part of an investment portfolio. Dave explains that gold and silver are commodities, and that he doesn't recommend commodities for investment purposes.Show Transcript
QUESTION: Don asks Dave if he recommends having gold and silver as part of an investment portfolio. Dave says no, and he explains why he’s not a fan of the commodities market.
ANSWER: No, I do not. I also don’t recommend oil or corn futures. All of those are commodities, and the commodities market is very volatile.
The price on a commodity is based on fear or greed, and a supply and demand curve. It is not based on the actual production of income, like it is with stocks or real estate.
I don’t buy commodities at all, especially gold and silver. I don’t recommend you buy them, either.