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Lot of folks are asking about gold today and if they should have gold as a part of their portfolio or if there's other safe havens they want to dive into. I like gold as a part of a portfolio, but it should be a percentage of the portfolio. I think with their current environments of volatility rising could provide some opportunity for rising gold prices. But like anything else who want to have a nice balance in your portfolio, we want to stay diversified and gold should always maintain a part of your fixed portfolio.

The yellow metal always makes headlines whether it's price go up, down or remain stagnant.

And it's clear that the price of gold is volatile. So, should you add gold to your portfolio?

"I like gold as a part of a portfolio, but it should be a percentage of the portfolio," said Tony Drake, CEO at Drake and Associates in our Ask the Expert series.

"But like anything else who want to have a nice balance in your portfolio, we want to stay diversified and gold should always maintain a part of your fixed portfolio," he further added.

Want to hear more on what Drake has to say about gold, watch the video above.

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