Your Retirement Might Be in Danger
You never know what the next financial disaster may bring.
If all of your eggs are in one basket, and your portfolio has limited variety, you’re taking a risk. Are you investing all your money in the stockmarket and other paper assets. Be aware that this is the biggest 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. See gold IRA companies for get more info.
The Once & Former Mighty Dollar
We used to be the world’s largest creditor. Today, the United States has more debt than the entire European Union. Forbes.com states that the U.S. government spends $85 Billion per month. It’s no surprise that today’s dollar is only worth.85C/. China is currently taking active steps towards phasing out the dollar as the reserve currency of the world. When the value and reliability of money is not reliable, the entire system collapses.
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? The Fed printing all that paper resulted in the rise of prices for essential commodities. 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 gold? It has seen a 12 year increase in its value. You should think about this: We don’t know of any other asset in American history that has gone up as fast. Although it experienced a decline in 2013, and has remained mostly flat through 2014, this trend could be poised for a new move.
It has been proven that gold is an effective tool to maintain purchasing power. This record dates back well before the development of the modern financial sector. It has not lost any value in more than 5 000 years. 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 by 365%.