Hate Thinking About Retirement? You’ll Like This Story

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Some financial types theorize that gold does best when people think the world is a mess. Which may be why gold is hovering near its highest value ever; less than a decade ago it was still the same value it was roughly 30 years before that, after you take inflation into account. Plus, gold is a big target for scammers who either forge bars of it or try to rope you into high-yield investment scams that have no real value. And storing it and keeping it safe can be pricy.

Palmer has some definite reservations about gold. “Gold is tempting because it has been gaining so much value in recent years with all of the economic uncertainty, but if you look at the long-run, gold doesn’t look like a solid strategy for growth.”