Fool's Gold: The Hidden Costs and Risks of Gold Investing

Have you ever wondered if investing in gold is truly a safe bet for your financial future? Is gold really the ultimate hedge against inflation and economic instability or are there hidden risks and downsides that you need to know about? In this episode all about gold, Bob and Shawn uncover the historical significance of gold, delve into the real risk and returns, and explore the Biblical perspective on gold as an investment. Overall, it’s important to work with a fiduciary financial advisor to tailor one's investments to their goals and risk tolerance. Christian Financial Perspectives Episode 206 00:00 - Intro 02:01 - Introduction to gold and its uses 03:46 - Biblical scriptures on gold 04:34 - Infatuation with gold 06:09 - Gold as a currency 07:29 - Historical investment returns on gold 09:30 - Historical investment returns in Dow Jones 10:34 - Reasons for low gold return on investment 13:14 - 7 reasons to avoid gold as an investment 14:36 - Biblical perspective on gold 15:14 - Additional points on why we believe gold is not a good investment 17:15 - Conclusion 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 |   / hellocfadvisors   » Twitter | @HelloCFAdvisors (  / hellocfadvisors  ) » Instagram | @hellocfadvisors (  / hellocfadvisors  ) » Podcast Website | https://www.christianfinancialpodcast... » Podcast Version of Videos | https://open.spotify.com/show/74Rg1ho... https://itunes.apple.com/us/podcast/c... https://podcasts.google.com/feed/aHR0... https://music.amazon.com/podcasts/7cb... _* Investment advisory services offered through Christian Investment Advisors Inc dba Christian Financial Advisors, a registered investment advisor registered with the SEC. 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._