Some of you reading this right now can probably point to a few investments you made over the years that had more in common with black holes than you would care to admit.

Gold, I’m happy to say, is not among those investments, despite all the negative press it sometimes gets. The evidence keeps rolling in that the yellow metal has historically been a wise investment. Because it has a negative correlation with the market, gold has helped investors diversify their portfolios and improve their risk-adjusted returns.