Don’t let your retirement be left to the will of banks and governments
Would you be happy to have an investment that has outperformed the stock market 400%? That’s what you would have if you had purchased gold a decade earlier. Many analysts believe gold is still undervalued, despite the fact the gold price having risen more than 500% in the past decade. Some experts predict that gold could see an additional 50% increase in value. See goldco gold ira for get more info.
But, even though it is one of the most profitable areas in the market, it is only one aspect of the story of Gold.
Silver Is Security and Value
As the national debt ceiling rises and the dollar decreases, gold prices will increase. The government’s current debt level is the highest ever. The truth is that the dollar cannot be considered the safe haven for wealth. Over five thousand years ago, gold was a safe haven.
What’s it all about Gold?
Nature’s most hard asset is gold. The value of gold is not affected by dilution or devaluations like other paper assets. Governments and financial institutions are not responsible for gold’s price. Gold has historically tended to be in opposition to stock market direction. Even during one of the most turbulent periods in the history of our economy, gold has outperformed the stock markets over the last decade.
Gold cannot be printed like money. And unlike stocks, it will never merge or split. It’s not surprising that gold has been the main store of wealth for centuries. You may consider gold as part your retirement portfolio to help you secure your nest egg for the long term.
Why Your Financial Advisor Won’t Recommend Precious Metals Investing
Simply put, financial advisors have the only license to recommend publicly traded securities. Some financial advisors will recommend precious metal Exchange Traded Funds, or mining stocks. This allows them to profit from the rapid growth in the precious metals markets. This is an alternative to recommending precious metals investing.
Unfortunately, investing isn’t the same as investing with precious metals. Precious metals can be considered tangible assets. ETFs, like all paper assets, are vulnerable to the same risks as any stock market or inflation-prone company.