Even financial experts across the globe recommend investing in gold as the best investment. While some are looking to gain wealth, others are buying silver and investing in gold IRAs to help protect their hard earned money. Many economists, financial experts and financial advisors are forecasting an economic disaster soon after studying the international economic situation and particularly the monetary strategy of USA. See gold etf in ira to get more info.
Most of the world’s economies are having difficulties maintaining their strength. The USA is a shambolic country with $17 Trillion in debt and a Federal deficit that exceeds $ 1000 billion. These alarming statements from financial professionals drove even billionaires into investing in gold to ensure their safe future.
There are several reasons to buy gold
An investment in gold is preferred when the economy is so bad because it has been trusted as a reliable currency and a place to store value for hundreds of years. 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 like stocks, bonds, and mutual funds could have been erased quickly.
Gold, the precious and yellow metal, holds a special place for common people. It has been used to make money for more than 5000years. While several currencies faced problems during this period, the gold value has increased over the years. The US dollar, although a potential currency, is losing its value every single day. In 1971, the US currency paper was not supported by gold. This would have impacted its ability to function as currency. The US Government has provided credit to the dollar during such a crucial period. These facts alone can convince you to invest in gold.