Business Insider: MANKIW: It Makes Sense To Own A Sliver Of Gold In An Investment Portfolio

Harvard economist and former George W. Bush advisor Greg Mankiw has a new piece in the New York Times grappling with whether a smart investor should hold some gold.

Mankiw calls himself a "boring" investor — your standard 60% stocks 40% bonds kind of guy — who never really saw the value in hoarding gold.

But when a friend asked him if he should add gold his portfolio, Mankiw dove into the academic research. He came away with four main points:

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