It’s a question financial advisers are used to being asked, but I suspect it’s something many won’t be asked for a while – “why doesn’t your investment advice include gold?”

On the back of gold’s 15% fall in a month as it slides into the $1300s, it seems few investors will continue to ask the question they were asking at $1,600 and $1,800 an ounce.

The true believers are saying there’s a conspiracy afoot, with Goldman Sachs and global elites crashing the gold price for their own ends.

While others are saying the decline in gold is reflecting economic growth returning in the US and there will be no hyper-inflation stemming from endless central bank money printing.

The reason for the fall is open for debate, but now gold has taken a large dive those people who were so desperate to buy at each new high have some reflection to do.

They need to ask themselves what prompted their urgency to become gold bugs in the first place.

Firstly they need to remember gold is just an object.

It doesn’t produce anything, it has no projected earnings and therefore no expected return – there are no dividends, distributions or interest.

Investing in gold is more speculating than investing because you buy hoping the price will go up.

This hope has been fuelled because many experts (experts who often sell gold) told us we’d soon see rampant inflation, something which hasn’t come to fruition.

Unfortunately, when the price went up many investors were quickly clouded by recency bias, assuming what they’ve just seen happen will continue and then they feel the urge to buy in.

Then there was the alternative option to capitalise on the boom – gold mining shares.

At a quick glance at some of Australia’s biggest listed gold miners, Newcrest, Regis, Evolution and Perseus showed them down between 40-60% since their highs of last year.

This despite each having overwhelmingly positive broker recommendations.

Gold’s fall is not a conspiracy, just another reminder it’s not healthy to fall in love with an asset class or rush to buy one just because it’s suddenly gone up.

Not sure how well I’m read by Generation Y, but if you’re a parent or grandparent reading this you might want to pass on the message.

Kids, the government will soon be soon swallowing your superannuation!

Before I’m being accused of being dramatic, in a nutshell that’s what’s about to happen.

After December 31, the government started transferring ‘lost’ accounts to the Tax Office.

The benefit for the government will be the boosting of Treasury’s wallet by over $550 million in this financial year.

This issue generally focuses on the younger generation because it’s accounts worth less than $2000 that the government will be targeting.

Unidentifiable accounts under $2000 without contributions for 12 months will be transferred.

While accounts under $2000, where owners are contactable, but there’s been no activity for five years, will also be hoovered up.

Essentially, if dormant and under $2000, it might be under threat if you don’t make a move.

That means your money’s future return is dictated by CPI and any insurance policies you had will be eliminated.

Odds are for some young people they’ve had few jobs, possibly accrued a few super accounts and have tallied a small sum of money in each.

That money needs to be consolidated into one active account to avoid it possibly going into a future government black hole.

Now only a cynic would believe that the government truly hopes you won’t come looking, but let’s be realistic, they’ve probably got their fingers crossed you won’t.

And down the line it could be a costly loss for a 20 year old.

$2,000 left untouched in a balanced portfolio from January 1970 would have grown to $110,318 by the end of October 2012, excluding any fees.

The grab for super accounts serves as a timely reminder for those under 30 to get their finances in order.

A good place to start is at www.ato.gov.au/superseeker