Are you concerned about the unprecedented growth rate of the US Stock market which has driven stock prices to unsustainable heights? Worried about when the next recession will be? Are your retirement years just around the corner and you’re looking for a place to invest your hard earned money?
Before I tell you about the benefits of investing in Gold, let’s first take a look at what the critics are saying. All the opponents of Gold seem to focus on two things.
1.Gold has no intrinsic value.
2.It’s value only goes up when people are scared.
To buy that same ounce today you would have to spend $1,185. That’s a 20 year track record of growth. Try putting a 20 year track record on most mutual funds or stocks. You can’t because most stocks weren’t even around 20 years ago. Gold has been used for thousands of years as currency, and will continue to be used as currency for thousands more. If that’s not intrinsic value, I don’t know what is.
Now let’s look at some of the reasons why you should consider Gold as a powerful investment vehicle.
1.Safeguard your wealth during times of economic uncertainty or unrest.
Having a little fear of the future is healthy. What has a more steady track record, Gold or government?
2.World wide debt
Gold has long been used as a hedge against inflation. Inflation is caused when there is a a decrease in the perceived “value” of money. When a government goes into debt and begins to increase the production of paper money, eventually the people who accept that paper as currency begin to devalue that money because they start to doubt the government to be able to pay back that money.
3.Banks are Stockpiling Gold
According to the World Gold Council, central banks have increased their stockpile of Gold by 28% over the last year. If they see the value in Gold to protect their assets, why shouldn’t you do the same.
Looking for a company to contact to learn more about why you should buy Gold and other precious metals? Check out U.S. Money Reserve. They are one of the nations largest distributors of U.S. issued coins. They have helped over half a million clients navigate the ins and outs of Gold investing and have established a track record of trust and exceptional customer service.