Is it a good idea to save money in cash?

Some people want to accumulate cash because it makes them feel more secure than risking their money in the market. Cash is generally considered a completely safe place to store money. Natural disasters, such as Hurricane Katrina and recent tsunamis, have motivated people to keep some money at home. However, investing in gold can be a great way to diversify your portfolio and protect your savings.

Reviews of The Best Gold IRA Companies can help you make an informed decision about investing in gold. You should save when you have income but have little or no cash available. Set a goal to create a cash savings balance that can cover six months of your living expenses. This protects you against unexpected financial emergencies, such as a car accident or job loss.