If you're like most other Americans I know, your IRA, 401(k), TSP, Pension or Savings Account could be in the most danger it's ever been in!
Investing in gold, silver, platinum, and palladium offers a great way to diversify your investment portfolio. Unlike the volatile stock market, precious metals typically hold their value pretty consistently.
Because these precious metals are used in products that provide a real benefit to society and the economy. The metal industry is the largest industrial sector and employs thousands of workers in the United States. The metal industry is a vital part of our economy and provides reliable employment to numerous workers.
Because of their actual physical properties, rather than speculation or price swings. In the case of gold, it is known to have a minimum mintage of 21 million coins. That's the number of years it takes for the Earth to make one ounce of gold.
Because of the real benefit these precious metals provide. Gold is used as a measurement unit for time, weight, and value. It is also used as a medium of exchange; it is used to measure the value of products and services. These physical properties enable these precious metals to serve as a medium of exchange.
Because of the historical significance of the American Gold Eagle. The American Gold Eagle is the only circulating legal tender in the United States. It is an accepted payment method for US Government obligations. It was the official tender from 1971 to 1980. From 1980 to 1989, it was the official tender from the Federal Reserve Bank. It was once legal tender from 14 different countries, including the United Kingdom and China. In 1983, it was also the legal tender from the European Central Bank. Since 1994, it has also been legal tender from the Federal Reserve Bank. And since November 1996, it has also been legal tender from the Bank of Canada.
Because of the safety and reliability of these specific precious metals. It is considered one of the safest investments on the market, alongside government bonds and certificates of deposits. A majority of major companies around the world are currently purchasing gold from the major precious metal refiners to meet their own capital needs, as well as to meet customer demand. For example, the world's largest retailer Walmart announced in July 2008 that it was purchasing $600 million worth of gold from the world's largest gold refiner, Barrick Gold Corporation.
Because of the wide range of investment opportunities in this asset class. These precious metals have a wide range of uses, including jewelry, investment, industrial and industrial metals, automobiles, aircraft, commercial buildings, ETF's and mutual funds. As well as real estate. A great variety of product and investment opportunities open up to investors. In the same manner, many employers also have an opportunity to diversify and protect their company's gold reserve and investment position. These precious metals are also extremely safe, as verified by the various government agencies and authorities around the world.
Because of the rising price of gold and the recent economic crisis that hit Europe and Japan. As these countries experienced a massive economic meltdown in 2008. A new bull market in gold began, and in fact, it is currently gaining momentum. This precious metal is in fact the best investment that you can make. It is also one of the best ways to protect your wealth in the future. As gold is the ultimate deflationary hedge. As its value decreases, your own purchasing power increases exponentially. Another benefit is that the prices of all other assets also decrease, as their market value increases, as determined by supply and demand.
Because of its scarcity, and its ability to be stored for many years. Gold is also one of the safest ways to store your wealth. As in the event of a fire or explosion, it can still be retrieved and used. As well it is one of the least expensive ways to store wealth because all it takes is a single battery.
The current rate of inflation of gold is also incredible. As most investment funds are being decimated in current financial crisis. In the year 2007, the price of gold rose from $35.68 to a whopping $1,848.63. Although in today's dollars the price has only risen from $1,267.20 to $1,949.75. Because of this it's highly advisable to secure your wealth with gold.
One of the easiest ways to invest in gold is by purchasing physical bullion, as it costs only $8 a month. In times of financial hardship, it is something that you can always purchase and have readily accessible for future needs. In times of financial prosperity, it is something that you can invest in to protect and grow your wealth.
If you want to invest in stocks, you can invest in Real Estate Properties. Because of its deflationary power, stocks are the least appealing way to invest in wealth. However if you are investing in stocks for your own personal use, Real Estate Properties are also a very attractive way of growing your wealth.
Investing in Gold, Real Estate Properties, and Stocks are the very best ways to make sure that you never run out of money. It is one of the safest ways to invest in wealth. The current problem of inflation of the currency is a temporary one, and it will go away. All currencies will devalue when there is inflation of the currency. Because of this gold and gold based assets are the safest way to invest in wealth.
By purchasing physical gold you are helping to keep the inflation of the currency in check. As it becomes more expensive to buy gold, the more demand there will be for gold. As prices go up, the supply of gold will increase and its price will go down. If gold prices drop, you will still have buying power. The inflation of the currency of a country is not an issue of ours here in the United States of America. If you look at countries that are gold producing nations, you will find that they are all members of the European Union. The European Union has managed to keep the inflation of the currency in check for 15 years. You can invest in gold and physical gold based assets and it will help protect and grow your wealth. If you have a large sum of money to invest, you can choose to invest in physical gold bullion. It is not very expensive to invest in gold and the current inflation of the currency will not be an issue for you.
Gold and gold based assets are very attractive for retirement and retirement investing. You can invest in gold and gold based assets and it will be safe, secure and always keep the inflation of the currency in check.