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.
Top Story: What to Expect From the Fed at Jackson Hole
TheStreet Explains:The Benefits of Using a Credit Card
Dog Days of Summer: Why Investors May Be Seeing the End of the Dog Days of Summer
Subscribe to our Youtube Channel for more videos.
Listen our latest Podcasts on Soundcloud
Catch Up: Today's Top News Videos Below