Still not believing gold should have a place in your portfolio? Here are 5 powerful reasons why every investor, in my view, should invest in gold:

1. Gold protects you against inflation: The purchasing power of many currencies are continuing to drop because governments around the world are printing too much money.
   This causes inflation, having too much money chasing too few goods.
   Gold, on the other hand, is independent of any government.
   Unlike currencies, gold's purchasing power has remain constant over the long term.
   
2. Portfolio Diversification: Remember the proverb, "don't put all your eggs in one basket".
   This is also true when it comes to your portfolio.
   Asset allocation is an important aspect of any investment strategy.
   Many investors believe their portfolios are diversified, but contain only traditional assets such as stocks, bonds and cash.
   Many investors are now looking for assets whose values do not move up and down in perfect unity.
   While gold has shown strong returns over recent years, its most important contribution to a portfolio lies in the fact that it is not correlated with most traditional assets.
   
3. Global Currency Debasement: The US dollar is fundamentally and technically very weak and should continue falling.
   However, other countries are very reluctant to see their currencies go up in value against the US dollar and are resisting the collapse.
   Thus, we are in the later stages of a massive global currency debasement which will see hard assets, and particularly gold, rise significantly in price.
   
4. Central Banks are Buying Gold: The world's central banks are now seeking to protect themselves from a falling US dollar by buying gold.
   After years of selling gold, central banks are now buying gold.
   This is truly an unexpected event.
   In swapping their own paper currencies for gold, central banks are admitting that gold is superior.
   This is a very bullish development for gold.
   
5. Rising Geopolitical Tensions: The deteriorating conditions in the Middle East, the threat of global terrorism, the nuclear ambitions of Iran, North Korea shelling of a South Korean island, and the growing conflict between the US and China due to China's refusal to allow its currency to appreciate against the US dollar headline the geopolitical issues, which could explode at anytime.
   A nervous public has a natural tendency to invest in gold.
   

I am sure that most of you reading this article have friends and co-workers that couldn't even tell you one reason why you should invest in gold, but in 3-5 years they will be telling you multiple reasons why you should invest in gold and that will be a sign that the top is near.
Until then, in my view, gold and gold mining stocks offer a once in a lifetime opportunity over the next 3-5 years.