A big economic catastrophe is coming.
The question isn’t if, but when.
And investing in this one item could save you during a financial collapse.
All signs point to a recession or a big market correction happening in the next 2-3 years.
Due to the meddlesome behavior of the Federal Reserve, bubbles and bursts have become more frequent and consequential over the last 100 years.
You can expect a big economic hit around every 7-10 years, and we’re overdue for one.
Donald Trump’s economic policy of tax cuts and deregulation delayed a downturn.
But 100 years of unconscionable growth in the size and scope of government has left us susceptible to artificial bubbles and busts.
However, one good way to hedge against inflation and market uncertainty is investment in precious metals.
Gold has a long track record of maintaining its value against instability.
In the last 50 years, the average price of gold per ounce has increased from $41.10 in 1969 to $1360.53 in 2019.
That’s an increase of over 3,200%.
With such a solid track record, gold should be a part of your investment portfolio.
Obviously it’s unwise to put everything in precious metals, but perhaps 5-10% is a good bet.
Other commodities come with a lot more volatility, and they’re much more at the mercy of various geopolitical concerns.
Meanwhile, precious metals have a long history of durability, practical applications, and modes of scarcity that make them safer bets.
If you do choose to invest in gold, do your due diligence and invest with reputable companies.
It’s a bad idea to look for “deals” unless you have extensive knowledge of the market and the players involved.
There’s a reason why something may sell below market rate, and if you don’t know the reason why, it’s likely you’ll get scammed.
Now is the time to start exploring investment opportunities in the market or elsewhere, such as local real estate or small businesses.
Investing is no longer a luxury of the rich.
With the Federal Reserve keeping interest rates low, conventional saving accounts are no longer an option to build wealth.
Also, Social Security is already insolvent, so that is not an optimal retirement strategy.
With a market correction on the horizon, there will be opportunities to find good companies on sale.
Start doing the legwork now, because things happen fast.
But even if you’re not a savvy investor, gold is a strong investment for a portion of your portfolio, and there are reputable companies that allow you to dip your toe in at modest levels.
Public and private debt has spiraled completely out of control.
Americans have over $4 trillion in consumer debt and the national debt has skyrocketed up to $22 trillion.
This spending crisis can’t help but lead to a crash.
Get ahead of it by securing your financial future, eliminating bad debt, and investing in precious metals.