Your Retirement Could be in Danger
We never know when the next financial disaster might occur.
It is risky to have all your eggs in one basket with limited diversification in your portfolio. Are you all investing in the stock and paper markets? We are currently in the greatest stock bubble in history. People in the know warn that the 2008 meltdown could repeat. Did you know that trillions of dollars’ worth of value disappeared in just 15 short months? Many people believe the next crash will be worse. Visit this site gold IRA companies.
The Once and Former Mighty Dollar
One time, the United States was the world’s largest creditor. The United States is now in debt more than all the European Union. Forbes.com estimates that the U.S. government generates $85 billion in debt per month. It’s not surprising that the current dollar is worth only 85 cents. China is now actively working to remove the dollar from the global reserve currency. When money’s value isn’t trusted, it can cause the whole system to fail.
What can investors do to save their money and prevent economic ruin? One result of all the Fed printing this paper is that prices for essential commodities have shot up. It is not surprising that countries like Russia and China are trying to escape the dollar in large numbers and have begun hoarding precious metals.
The Power of Gold
Why gold? Because its price has risen 12 years in a row. This is the most significant asset we know of in the U.S. history that has experienced such an increase. This trajectory suffered a dip in 2013 but has remained mostly flat in 2014. However, it could be on the verge of another major move.
Long-standing research has shown gold’s utility as a tool to protect purchasing power. This record goes back to before the modern financial system was created. It has not seen a drop in its value over the past five thousand years. The nature’s only hard asset, gold. It has intrinsic worth. It has long been valued as an investment to protect against inflation, currency falls, and stock market declines. The value of gold has risen 365% in the last year alone.