Buying gold to hedge your 401k is a smart bet

With the way the economy is going, you have to look at your options when it comes to hedging your investments, and gold is a great option. Not only does it hedge against a volatile stock market, it hedges against currency fluctuations as it relates to the dollar or your local currency. Since the US Federal Reserve no longer has the requirement to back the dollar with any collateral, and the dollar is fiat money, it is a good idea to make that investment in gold. You may have noticed the price of Gold has skyrocketed to unprecedented levels in the past few recent months, as investors flocked for the safety in Gold. Other types of hedging may include Oil and various other commodities.