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HBO and The Ringer's Bill Simmons hosts the most downloaded sports podcast of all time, with a rotating crew of celebrities, athletes, and media staples, as well as mainstays like Cousin Sal, Joe House, and a slew of other friends and family members who always happen to be suspiciously available.
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Gold is having its “precious” moment, soaring more than 40% this year — its best run since 1979. But is it really the safe-haven hedge investors think it is? In this episode of The Fastest 4 Minutes in Finance, Scott Inman breaks down:
- Why gold prices are skyrocketing (weaker dollar, Fed rate cut expectations, central bank demand)
- The risks of treating gold as a hedge or “can’t lose” investment
- How gold compares to long-term stock market returns
Before you rush to buy, remember: gold is speculative, volatile, and doesn’t produce earnings or dividends. The bottom line? It may play a role in your portfolio, but it should never be driven by fear.
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