I’ve always been of the mindset that having some physical gold is important. I know there are many that might disagree, that’s okay, I have my own reasons. But I’ve recently been considering just going all in on gold. Currently, I have a decent emergency fund and a little extra. Then most of my money is in an all world fund (S&S ISA) and a little bit in gold.
I don’t have any plans for any big purchases on the horizon. I’m not sure I’ll ever buy a house or start a business. I don’t need access to my funds for the foreseeable future.
It seems that gold is pretty solid and will sometimes spike and dip occasionally. Should I just invest purely in gold? I’ll probably just hold onto it and maybe sell some when the market spikes every now and then. I’ll keep a little bit in the all world fund and I’ll buy more of that when it dips (with the money from gold when it spikes).
I’ll continue to pay normally into my pension which is in an all world fund also.
What do you think?