Even financial experts across the globe recommend investing in gold as the best investment. Some people invest in gold to gain wealth while others make silver investments and save their hard earned money. Many economists and financial specialists predict an economic crash in the near-term after studying the international economic situation and specifically the monetary policy of USA. Visit our website and learn more about gold self directed ira.
The strong economies of many countries around this globe face numerous challenges. Even the USA economy is facing staggering debts of $17 trillion and a Federal deficit that exceeds $ 1000 billion. These alarming statements from financial experts made billionaires want to invest in gold for their security.
Here are some reasons to buy gold
An investment in gold is preferred when the economy is so bad because it has been a reliable currency for centuries and a safe store of value. Even though any currency can become untrue by printing more currency, gold is the only currency which will not lose its value in such an inflation. Your investment in paper products like stocks, bonds, and mutual funds may have been lost within a matter of hours or could have been affected during inflation. However silver and gold had grown by more than 400%.
The precious yellow metallic gold is in a unique place for common people. It has been used to make money for nearly 5000years. Various currencies faced difficulties in the past, but gold’s value has grown over the years. The US dollar is actually losing value as a currency. The US paper currency in 1971 would have lost all its currency potential if it was not backed up by gold. It has been so crucial in its history that the US Government has backed dollar with credit. These facts provide enough confidence to invest in gold.