There are few things that have a stronger hold on investors’ imagination than gold. When inflation and market volatility spike, many folks simply can’t resist the yellow metal’s call.
But the truth is, for us dividend investors, gold is a raw deal. That’s mainly because, of course, it pays no dividend! Heck, if you buy physical gold, it actually comes with a cost for storage and safekeeping.
Worse, gold doesn’t even work as a hedge against inflation and volatility—at least it sure hasn’t this time:
Inflation Storm Hits, Gold Tanks
This shows the dangers of buying based on outdated investor “sacred cows” like the one that says gold is a safe haven.… Read more