Peter Hug has been in the gold industry for nearly 40 years which makes him an expert in my opinion when it comes to gold.

Now to be honest, I am not a fan of gold (yet). In fact, I have never once invested in gold because I have personally never liked gold as an investment.

So, why am I willing to learn more about gold now, right?

First off - I don’t know much about gold. One of my rules is I do not invest in things I don’t understand. Therefore, investing in gold was never something I was comfortable doing.

Secondly, (I thought) gold didn’t have a great track record when compared to the equity markets. From what I do know, the the price of gold has increased by 355% over the past 30 years, while the Dow Jones Industrial Average has increased by 1,255% during that same time frame.

But, now I am also learning that over the past 15 years, gold has outperformed the market. In fact, gold has returned 355% over the last 15 years (same as the 30-year return) while the Dow has returned only 58%.

After seeing the facts, I decided to ask Peter to come on the show to see if he could convince me gold was a viable option. Here are some of the takeaways from my interview with Peter.

Today we discuss:

• The history of gold
• Why gold is NOT a strategy for “when the world ends”
• How gold plays an important role in investing and diversification
• How much gold should you invest in?
• The overall track record of gold as an investment
• When gold is not a good fit
• Other investments related to gold

All the show notes, links and anything Peter and I mentioned can be found at https://www.moneypeach.com/session116