Should you invest in gold? According to Scott Travers, gold and rare coin expert and author of The Insider’s Guide to US Coin Values, gold is not so much an investment as it is an insurance policy against calamity. Mr. Travers urges investors to hold a small portion of their portfolios in gold so that they will be able to use it to barter for essential goods and services in the event of a global calamity. How much gold should you hold? 15% of your total portfolio value excluding your primary residence, according to Mr. Travers.
Scott A. Travers is one of the most knowledgeable and influential coin dealers in the world. He has authored 7 best selling books on coins, including “The Insider’s Guide To US Coin Values.” For more great tips from Scott, check out his other videos at Bottomlineinc.com, his website, or purchase his latest book, The Coin Collector’s Survival Manual.