2023 was a crazy year, full of disaster, insane inflation, world conflict and continued division in our country. Now, in first quarter of the 2024, it feels like fuel has been poured on the flames. With the constant world conflict, I often wonder the stability of our economy and more importantly, our assets and savings.
In 2002, I started transitioning a portion of my savings to precious metals and was laughed at. Fast forward to today, I have roughly maintained the same performance of the S&P500 over the same time. My biggest concern is the ability of standard working folks to be able to pull cash out of savings and investments in a world tragedy. Real-estate is another good investment to hedge disaster and inflation, but how do you barter with it if necessary. I firmly believe physical Gold and Silver, during those times, can buffer your immediate need to liquidate your investments while a massive sell-off is going on. Another benefit is being able to convert gold and silver to ANY currency that might be solid (i.e. Australian Pound, Swiss Franc, Mexican Peso, Bitcoin, etc...)
If you want to learn more about investing Gold and Silver, don't hesitate to reach out, I can help you avoid the many pitfalls in this industry and make sure you start your journey in the right direction. I also run auctions and marketplaces to help you start on your journey.
For other reading, I really like the logic of Keith Weiner, he is a great place to start to understand how Gold works in today's economy....
.
Comments