It’s said that imitation is not only a great way to flatter others, but it’s also a great way to learn from the successes of others. What better role model than a billionaire to show you how to achieve financial success? See gold coins for ira to get more info.
What Billionaires Think
Even though their world views might not have much in common, billionaires like Carlos Slim, John Paulson, George Soros and John Paulson all admitted that they have a small amount of their wealth in the form of gold. Warren Buffet, who calls himself “productive investments”, acknowledges that gold is a great investment for investors in times of inflation.
Do you recall the dark, dark days of 2008? When the stock market crashed almost to its death and pension accounts lost $2 trillion in 15 months? Can you imagine where your money could be at the same time it was gaining value, instead of being lost?
That’s right, gold.
You would have seen 700% growth in your investment if you had purchased gold in 2001. Let’s try it again: 700% growth. This decade was also one the most difficult economic periods in human history. The stock market crashed, but gold thrived. Why? Because precious metals are often the safest place for big-money investors when the stock market crashes.
This could all happen again. We are currently in the largest stock market bubble history. Experts think it’s only a matterof time before the bubble bursts. The time is right to modify your investment process if you don’t wish to see your retirement account lose its value again due to another collapse in the economy.
Why Billionaires Own Gold
Nature’s hardest asset is gold. Since gold is a finite, tangible resource with high intrinsic worth, civilization has used it as a store of value for thousands and thousands of years. The world’s alternate currency is gold. It is mentioned in the Bible 417 time. Gold is not subject to the same dilutions and devaluations as other paper investments such as stocks, bonds, or mutual funds. Gold’s value is not subject to the control of financial institutions or governments. It can’t printed like money and it will not ever be merged or divided. Gold has historically moved in opposition to the direction the stock markets take. Billionaires are well aware that gold is a great way to reduce volatility in their portfolios.
Gold is the best place to safeguard and preserve your wealth.
When is Gold Best?
Many market analysts believe that gold is entering the final stages of a bear market. According to some experts, gold is still below 50% at current prices. This could be the massive rise gold experts have predicted for years.
However, even if gold does not experience an incredible rise in its value, it is still a valuable way to diversify and preserve the portfolio you have.
This is the time to invest in gold.