# Gold

*Saving & Investing — Finicade finance glossary*

Gold is a commodity held mainly as a store of value rather than a productive asset — it pays no income and its return is entirely price change.

Gold is a commodity held mainly as a store of value rather than a productive asset — it pays no income, generates no earnings, and its return is entirely price change. Its role in a portfolio rests on low correlation with equities and a reputation as a crisis hedge, both of which hold across some periods and fail in others. As an inflation hedge it works over very long horizons and disappoints over decade-length ones.

**Also known as:** gold investing, bullion, precious metals

**Related terms:** [Commodities](https://finicade.com/glossary/commodities), [Inflation](https://finicade.com/glossary/inflation), [Diversification](https://finicade.com/glossary/diversification), [Safe Haven](https://finicade.com/glossary/safe-haven), [Real Return](https://finicade.com/glossary/real-return)

Source: https://finicade.com/glossary/gold