The talk of a recession, interest rate fluctuations, trade wars, currency devaluations, and a political crisis between the parties—it may sound absurd, but these times are often the best for investors to re-evaluate their financial portfolios. Historically, these are periods when a non-traditional investment in precious metals is a more practical investment approach to the US dollar. Recent news headlines are just a few of the reason’s investors are taking a serious look at buying gold. There are several other considerations in the case for making a gold investment:
The Gold Bullion Coins Market
The top-selling one-ounce gold coins across the globe time and again include the American Eagle, American Buffalo, Canadian Maple Leaf, British Britannia, South African Krugerrand, and Austrian Philharmonic. Gold bullion coins are fancied not only by investors and coin collectors but also by the world central banks. As banks and consumers continue to compete in the purchase of gold bullion coins and bars, they also drive prices up and in turn make gold even more attractive while there is time to get it at a fair price.
Forecast For Metals
While the global mining and metals industry has gone through a few years of uncertainty amidst the geopolitical tension and reduced demand for some metals, there is also good news in the fact that gold sales are up. At prices above $1,200 per ounce, (currently above $1,500 per ounce), mines find it easier to stay in business and even thrive. According to Statista.com, gold prices are forecast to increase slightly into 2020. The report, “Precious metals are counted among the most valuable commodities worldwide.” They note some of the significant applications for precious metals involve several key industries: high-tech, automobile, jewelry, industrial manufacturing, and banking. The central banks use precious metals as a stored value to secure and stabilize currencies. A gold investment today based on many positive forecasts may be an excellent safeguard for financial futures.
A World Using Fiat Currency
The world’s current system of government-issued fiat currency, or paper money, appears less stable. While the system has generally served many
countries well, history shows it has the potential to fail. With fiat currency, we are usually at the mercy of our system of government, which today
operates on shaky ground given the partisan tensions. With a more tangible investment like gold, investors can protect their assets in the case of an economic crisis that would impact our current fiat currency system. A globally consistent, tangible metal with a value that is not solely based on government systems could be a savvy investment move.
Gold Investment / Gold Selloff
Gold investment has many lucrative avenues. A patient investor may use it as a hedge against inflation, keep it for retirement, or store it for
future generations. A more aggressive investor may want to sell it off at a profit. Not only that, precious metals can be managed in several varying strategies to meet with any investment portfolio. Investors can enjoy gold in a private storage area at home or pursue a secure remote storage location. A
gold-backed IRA is a simple, often tax-free investment for an existing retirement account. Gold investment is a comfortable hedge against
uncertain fluctuations in the dollar and the economy and easily liquidated. Keep in mind, a reputable company is recommended for counseling you in the purchase or sale of precious metals. Just like the support by your investment banker or financial consultant, you need to rely on the advice of experts in the field when making a sound gold investment.
An Investment You Can Hang Onto
When you consider how advancing technologies are transforming our assets and paper goods from tangible to virtual, the idea of gold in your safe give’s peace of mind. Consider that many people no longer physically hold onto a bank statement, a book, a checkbook, or a utility bill, to name a few. Gold investment may be purchased in the same way, or you have the option of holding solid gold in bars or coins in your own hands. In a virtual world, the idea of a gold investment might be comforting. Precious metals have an intrinsic worldwide value that paper money doesn’t have in a shaky economy.
For more information on when and where to buy gold in the format of your choice, contact Reagan Gold Group. Find out all you can about this haven asset for your future and the future of your family. There are so many good reasons to buy gold now.
The Reagan Gold Group is a privately-held company based in Los Angeles that supports clients interested in diversifying their portfolio by acquiring physical gold and silver coins, or by adding physical gold and silver to an existing IRA account.