Should I Invest in Gold?
Update - 2020.04.04
As of this writing, the Covid 19 Virus is in full swing and its effect on the economy is difficult to overstate. Scores across the globe are infected and investors are losing thousands of dollars every day in the stock market from this “Black Swan” event. There hasn’t been this kind of market volatility since the Great Depression.
For anyone planning to retire soon, their future has never looked so scary. And things may get far worse before they get better.
You better have a game plan…
With the Fed’s money-printing going into overtime, the value of the fiat dollar will drop. The US deficit was already extremely high and will grow even higher with the recently passed stimulus packages.
As your life savings are erased, what can you do?
There is but one time tested portfolio protector…GOLD.
Gold is real money and has been for a thousand years. It can’t be printed and has a fixed supply. Experts see Gold as portfolio protection as inflation or even hyper inflation kicks in.
“I encourage every investor to make sure they have a meaningful amount of physical gold and silver, as we continue to face the challenges of a global pandemic, and the subsequent economic and monetary fallout.” Jeff Clark, Senior Analyst, GoldSilver.com
Storing physical metal is my #1 way to protect yourself against a global monetary reset. Jim Rickards.
One of the best ways to own physical gold with tax breaks is through the Gold IRA, IRS Loophole. For more info and a free gold investment kit, visit our top rated dealer, Goldco.
The best time to buy gold is before it rallies into a bull market. As of today, The price of Gold goes up when there is a significant lack of confidence in the central bank, US government and the dollar. E.g. quantitative easing, the national debt and fiat currencies that don’t last forever. Gold, today, is reaching for $1600 an ounce. Billionaire Paul Tudor Jones has said that Gold will be the best investment for the next few years.
Proponents of owning physical metals cite that the gleaming yellow metal is a scarce commodity and has no counter party risk. Its value is inherent.
Benefits in owning physical Gold:
- Portfolio diversification
- Hedge against a down economy
- No credit risk
- Outperformed fiat currencies
- Liquid asset
- Opportunity for gains
Our analysis shows that adding 2%, 5% or 10% in gold over the past decade to the average pension fund portfolio would have resulted in higher risk-adjusted returns.
- Worldwide demand has increased an average 18% since year 2000.
- It has had comparatively good returns compared to other investment assets.
- World banks and billionaires are accumulating physical metals while major countries are “reacquiring” what they own.
- The yellow metal is a proven portfolio diversifier.
- It holds value as fiat currencies like the US dollar fall in value.
- The Fed continues the dollar devaluation while the US government can’t stop its endless borrowing and spending policies.
Billionaires John Paulson, Thomas Kaplan, Paul Tudor Jones, Eric Mindich and Carlos Slim all own a lot of the precious metal. Do they know something we don’t?
Combine Fed Policy, the federal deficit and federal government spending, many experts believe that eventually, something has to give. A financial day of reckoning if you will. Whether it be a dollar collapse, hyper inflation or something else, they like the peace of mind knowing that not all of their assets are dollar based.