With economic stability in question across the globe, a growing number of investors are looking for retirement savings options outside of traditional 401(k) plans or IRAs. Many people are turning to gold and silver IRAs because precious metals have always provided foundational security in times of uncertainty.
Through the years, money has been represented by beads, stones, metals or glass, depending on the culture. It was a way to barter for goods without needing to actually store and transport those goods immediately. The concept of money became particularly useful related to perishable goods, such as food.
GBU-43/B, also called “mother of all bombs” or MOAB, has been dropped in Afghanistan, marking a dramatic change in the way the current administration plans to conduct operations in the area. While the weapon was planned for use on the Iraqi battlefield, it was never used as there was limited resistance there. The bomb was likely dropped in response to the death of a U.S. special forces operative in the same area.
Gold — and other precious metals — are one of the few assets today that aren’t overvalued. While other stocks approach potentially dangerous bubbles, gold tends to keep stable. Most investors know that buying low and selling high is the key to successful wealth building, but that’s not easy to do if you’re constantly purchasing from overvalued investment classes.
There’s another financial pitfall looming as well. Inflation is poised to take off in a big way. How do we protect ourselves?
Chad Benson here. In my previous post, I talked about the various benefits of precious metal investments like gold and silver and why I personally believe investing today is the smartest choice you can make for your future. In this post, I want to discuss the benefits of gold from a different perspective…