Why Gold

In today’s uncertain economy, some experts suggest a smart way to protect your savings and retirement money is by adding gold and other precious metals to your investments. Here’s why it’s a good idea:

• Gold’s price has gone up a lot in the 21st century, while the value of the dollar has gone down.
• When prices are rising a lot (inflation), regular money can lose value, but precious metals like gold tend to keep their worth.
• People often think of gold as a way to keep their money safe when prices are going up a lot.
• Precious metals, like gold, are valuable everywhere in the world, making them like a universal currency.
• Having some precious metals can help protect your money during tough economic times and when governments are making a lot of new money.
• People have liked precious metals for a long time because they’re rare and beautiful, and that hasn’t changed.

Value over five decades? While it’s unlikely that gold will maintain that rapid pace of appreciation in the next fifty years, what makes gold appealing is its historical track record of retaining value, even when other assets, economies, and nations face challenges. For many people, gold is seen as a stable and reliable asset. If you don’t already have some in your portfolio, it might be worth considering now.

In the past, the United States changed the way it used gold for money. They switched to using something called fiat money. During that time, an ounce of pure gold was worth only $35.

Now, fast forward several decades from that period. That same ounce of gold became significantly more valuable. It’s not easy to find other investments that would have grown so much over such a long time. While gold might not keep increasing in value as rapidly, one of the great things about gold is that it often holds its value, especially when other things like regular money, economies, and countries are facing challenges. Many people consider gold to be a stable and trustworthy asset. If you don’t already have some, it might be a good idea to consider adding it to your portfolio.