During our First Friday LIVE this past week I spoke with Ryan Long, President of National Gold Consultants in Monticello, Minnesota. We focused on gold and silver and if they might have a place inside your investment portfolio.

Why might you be interested in gold and silver as a form of investment? One thing to consider is that it is wealth insurance. When you consider traditional investments, they’re something that you trade and take out. With gold and silver, it is more of a long-term strategy. If you decide to invest this way, you’re investing for the long haul to get that protection.

I think an important thing that we keep in mind is that because gold and silver is wealth insurance it needs to be coordinated. What do I mean by that? We need to make sure that this type of investment makes sense in your overall strategy.

You can read the full blog here.