Even financial experts across the globe recommend investing in gold as the best investment. Some people invest in gold to gain wealth while others make silver investments and save their hard earned money. Many economists and financial specialists predict an economic crash in the near future, after carefully assessing the international economy and specifically the monetary policy of USA. You can see gold in an IRA on our website.
Most of the world’s economies are having difficulties maintaining their strength. Even the USA is struggling with $17 Trillion of debt, and a Federal deficit in excess of $ 1000 Billion. These alarming statements by financial professionals have driven billionaires into investing in gold to secure their future.
Here are some reasons to buy gold
An investment in gold is preferred when the economy is so bad because it has been a reliable currency for centuries and it can be used as a reserve of value. Even though any currency can become untrue by printing more currency, gold is the only currency which will not lose its value in such an inflation. Your investment in paper products (bonds, stocks, mutual fund) could have been destroyed within a matter of hours or may have been influenced by inflation. However silver and gold had grown over 400%.
Gold, the precious, yellow metal, has held a special place for people for centuries. Since at least 5000years, it has been used as currency. Several currencies were in trouble over the same period, but gold’s price has risen. The US dollar, which is a potential money, is losing its value each day. In 1971, the US currency paper was not supported by gold. This would have impacted its ability to function as a currency. The US Government has provided credit to the dollar during such a crucial period. These facts are sufficient to give you confidence in investing in gold.