Your Retirement Might Be in Danger
You never know what the next financial disaster may bring.
You’re taking a risk if all your eggs are in one basket and your portfolio has limited diversity. Are you investing all your money in the stockmarket and other paper assets. Be aware that this is the largest stock bubble ever recorded. Some experts are warning that we could see a repeat 2008’s meltdown. Think back to the 15-month period when trillions in value were lost. Many fear that the next crash may be even worse. You can see gold ira home storage on our website.
The Once & Former Mighty Dollar
In the past, we were the world’s largest creditor. Today, the United States is in worse shape than the entire European Union. Forbes.com states that the U.S. government spends $85 Billion per month. It’s not surprising that today’s dollar is worth.85C/. China is currently taking active steps towards phasing out the dollar as the reserve currency of the world. The whole system can fail if it isn’t possible to trust the value money.
Where can an investor find ways to safeguard their wealth and avoid financial disasters due to the devaluation of the dollar and instability in the economy? One consequence of all that Fed paper printing is that essential commodities prices have soared. It’s not surprising that countries such China and Russia are taking a huge leap in getting rid of the dollar and hoarding large quantities of gold.
The Power of Gold
Why is it gold? It has seen a 12 year increase in its value. You should think about this: We don’t know of any other asset that has gone up as much in the U.S.’s history. Although it experienced a decline in 2013 and was mostly flat in 2014 this trend could be set for another move.
It has been proven that gold is an effective tool for conserving purchasing power. This record dates back well before the development of the modern financial sector. It has not lost any value over five thousand year. It is nature’s hard asset. It has intrinsic value. The intrinsic value of gold has been long prized as a hedge against the fall of currencies and inflation. Only since 2000, gold’s price has risen 365%.