122 - Gold Fever: Is It Worth It?

What comes to mind when you hear the word “gold”? For most of us, it creates a sense of wealth, stability, and purchase power. Gold was once considered a source of wealth and currency in the pre-global/pre-digital world economy (The Roman Empire and Biblical times) when it was readily accepted as payment. However, times have changed, and the amount that gold is worth – especially compared to the irreparable damage gold mines cause – just doesn’t seem worth it.

While gold might have been a good investment in the past, it is not great for long-term investments. Why? Bob and Shawn cover 7 reasons gold might not be a wise investment. This includes:

1. It’s no longer used as a currency.
2. It has historically low returns.
3. It produces nothing nor pays any interest or dividends.
4. It is very environmentally hard on God’s creation.
5. It is expensive to buy and sell because of high commissions.
6. There are high taxes on gains.
7. It can’t compare to the long-term returns of a well-diversified portfolio of stocks and bonds.

Additional Resouces and Referenced Links
Gold Price: https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart

Christian Financial Perspectives Episode 122

*About Christian Financial Perspectives*
Christian Financial Perspectives covers everything from “Investing in stocks, mutual funds and ETF’s” to “Planning for Retirement” to “Buying Investment Real Estate” to “Creating a Family Legacy” from a Biblical Worldview. The Bible has over 2000 scriptures that speak wisdom into how Christians can successfully structure their finances for a victorious life that honors God. Most people do not realize that Jesus spoke more about stewardship than heaven and hell combined.

*About Christian Financial Advisors®*
Christian Financial Advisors® is headquartered in Central Texas and serves clients nationwide with offices in New Braunfels and Boerne, Texas. Our focus is guiding you toward your financial goals by integrating values-based advice into financial planning, retirement planning, and investment management.

» Facebook | https://www.facebook.com/HelloCFAdvisors/
» Twitter | @HelloCFAdvisors (https://twitter.com/HelloCFAdvisors)
» Instagram | @hellocfadvisors (https://www.instagram.com/hellocfadvisors)
» Podcast Website | https://www.christianfinancialpodcast.com
» Podcast Version of Videos | https://open.spotify.com/show/74Rg1ho1LOG2YbC3j5D7B5
https://itunes.apple.com/us/podcast/christian-financial-perspectives/id1437191508?mt=2&ls=1#episodeGuid=https%3A%2F%2Fwww.christianfinancialpodcast.com%2F%3Fp%3D3319
https://podcasts.google.com/feed/aHR0cHM6Ly93d3cuY2hyaXN0aWFuZmluYW5jaWFscG9kY2FzdC5jb20vZmVlZC9wb2RjYXN0Lw?sa=X&ved=0CAMQ4aUDahgKEwiAw_bDpKX2AhUAAAAAHQAAAAAQnAE
https://music.amazon.com/podcasts/7cb016df-18d2-47a4-ba8e-955b4ccb12d4/christian-financial-perspectives

_Investment advisory services offered through Christian Investment Advisors, Inc DBA Christian Financial Advisors, a registered investment advisor. Registration as
an investment advisor does not imply a certain level of skill or training. Comments from today's show are for informational purposes only, and not to be considered investment advice or recommendations to buy or sell any company that may have been mentioned or discussed. The opinions expressed are solely those of the hosts' Bob Barber and Shawn Peters, and their guests. Bob and Shawn do not provide tax advice and encourage you to seek guidance from a tax professional. While Christian Financial Advisors believes the information to be accurate and reliable, we do not claim or have responsibility for its completeness, accuracy, or reliability._