For many investors, a traditional safe haven, portfolio diversifier and protector against inflation has been gold. However, gold is by no means a risk-free asset and can prove to be highly volatile, so advisers suggest you don't have overexposure to it. "Over the long term, gold has enjoyed some extended periods of exceptional growth, but also sustained periods where it has performed incredibly badly," says Patrick Connolly, a certified financial planner at wealth manager AWD Chase de Vere.
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