<prompt> Human: Prominent businessmen like Peter Schiff believe people should invest in gold: Was wondering what rpersonalfinances thoughts on that were.  <response>: Lots of people on this sub dont like it at all.I am OK with it if you keep it to below 5 of your total portfolio.The advantages of gold are that it doesnt usually correlate with anything else except negatively with the US dollar which makes it useful for diversification, and it often gallops upwards when stock markets crash, which is useful for risk reduction.The disadvantage of gold is that it does not usually produce very good returns.The easiest way to invest in it is through a gold ETF such as GLD, which is the largest gold ETF.So, as far as Im concerned. Sure, invest in it if you want, but keep it to below 5 of your portfolio.Good luck. 