Fear of Things that Glitter: Don’t Be Scared of the Bright Yellow Metal
Why don’t more Americans have gold in their portfolios? Could gold bears have made them skittish?
In spite of the fact that gold is a safe-haven asset that is roundly described as being a “crisis commodity,” gold isn’t a widely-purchased asset. However, in times like these, where economic and political stability is in flux, gold might be the one addition to your portfolio that could deliver financial security.
The lack of responsibility on the part of global banks has created tremendous economic turmoil all over the world. Moreover, Europe is in absolute crisis due to the proliferation of terrorist activity that shows no sign of abating, the burden of a flood of refugees, and Great Britain’s ongoing threat to leave the European Union. Every day, we may be coming closer and closer to economic collapse, and our individual defenses are relatively few.
Except for gold.
Historically, the price of gold spikes when markets crash. When intangible stock values evaporate, people turn to the physical comfort of gold. Every global culture recognizes the value of gold and will continue to recognize the value of gold in spite of the fluctuation of other assets, such as oil, natural gas, and corn. Central banks amass gold as a protection against fiscal downturns. Gold has the benefit of being both a hedge and a safe haven.
So, in spite of all analytical and historical evidence to the contrary, why do bears insist upon ignoring all of gold’s merits?
Because people don’t know how to buy it.
Even though gold is more likely to retain value more consistently than even bread, buying gold isn’t automatically fool-proof. You have to have the right objective, consultation, and action-plan before buying gold can be considered a truly safe strategy.
Before you make the decision to buy gold, contact us today for a comprehensive consultation.