Gold will Start to Soar Higher Again
According to millionaire financial expert and analyst, Peter Schiff, both gold and the US Dollar work hand in hand.
So, when the dollar increases in strength, gold prices begin to take a tumble, and when the dollar plummets, gold prices begin to take flight.
And looking at today’s economy, the US dollar is undeniably getting stronger, however, it is important to consider the possibilities of the fact that this growth in currency is not wholly supported by the rest of the global, including other western economies.
The Federal Reserve’s dollar printing speed has tipped the scales and has become exponential; however, this also constitutes creating an inflation bubble, which can pop at any time.
Although it is surprising that inflation seems to be stagnant, and in some situations declining – which has undoubtedly had a lot of economic and financial experts puzzled.
But it is a given that this situation is not going to be eternal, you have to understand that the economic pendulum is a looming sword that is always looking for a way to strike the economy, and it is just a matter of time until does – which is why you should be ready.
Now That I know Why to Invest in Gold-How Can I Incorporate Gold in my Investment Portfolio?
Due to the fact that the U.S. government continues to mishandle the American economy, we recommend that investors place 10-20% of their liquid into gold bullion.
I know this sounds extreme but even if the economy stops improving and the price of gold remains low, gold is still a safe investment during times of economic upheaval.
This is not a matter of inflation or deflation, it’s about protecting your assets in a crisis.
This is the main reason for owning gold in your portfolio.
There is no better way to own gold than having it physically and in your possession.
Where To Purchase Physical Gold
A good place to start your search to purchase physical gold in your local area.
A local gold dealer is a good place to start if you are making smaller purchases.
Most investors buy their gold from a local dealer or online.
You need to be careful because just like any other business, there are unethical dealers that will rip you off.
Here are a few ethical online gold dealers you can begin your search with.
The well-connected dealer can get metals even when other dealers cannot.
They also have some of the best prices in the metals industry. Dependable low-cost metal dealer. Great source for Canadian Maple Leafs.
Great low-cost supplier of gold coins even when you include shipping into the price.
Good choice if investing larger sums of money in gold.
Your large gold order is bid to other dealers so you get the best price. you can take physical possession of your gold or use a local or international storage location.
Everything can be done online. Excellent source of rare or numismatic coins.
*Note: Do not dabble in the numismatic coin world unless you are a very knowledgeable coin collector. there are many other online gold dealers, you just have to do some research to make sure the one you choose is legit.
Make sure you figure the total cost when choosing a gold provider.
Things to consider are the price of the product, insurance, shipping, storage fees, etc.
If a dealer claims they need weeks to locate your gold, I would pass on them and seek to invest somewhere else.
Always lookout for the hard sell. Some dealers will try to try and sell you add on products like rare coins or proof sets.
Things you may not want or need.
The dealers we recommend above are pretty good at not doing this.
Where Do I Store My Gold?
There are always risks involved when attempting to safe-keep your investment.
Your stash could be subject to theft or loss. Just like other forms of gold ownership are subject to mismanagement or fraud.
A wise move is to diversify your gold ownership into more than one form and physical location. Most of your ownership type should be in physical gold though.