Are you wondering if your money will retain its value over the next 10 or 20 years? Well, if you’re not currently aware of the fact that the US government is printing money at a pace never seen before, you probably aren’t. On the other hand, if you even understand a little bit about how the economy works, you probably know that this type of crazy money printing isn’t a good thing for anyone.
The reality of the situation is that if you have any hope at all of retaining the value of the money you have earned over the years, you can’t do so by keeping it in paper assets. The solution is to invest it in something that has a lower likelihood of devaluing, precious metals being a prime example.
Gold and silver are two assets that simply cannot be manipulated by government or any other human designed entity. The dollar is made by humans and therefore the amount printed is limited only by the speed of the printing press (another man made invention).
Take back control from the government
A number of companies nowadays are helping people put their retirement money into gold and other precious metals. Examples include APMEX, Goldline and Regal Assets. There are others, but those are three of the best known companies.
And what they offer beyond selling precious metals is a way for individuals to regain control over the value of the money they have earned during their careers. This is now more important than ever. Just think about this; if you were to trade an American dollar as we know it today with one from the early twentieth century, you would get less than 10 pennies for it. That is currency devaluation at its finest and it is something that is best avoided entirely.
But will gold earn you a return?
Of course, most people are more interested in growing their finances instead of having them just sit there. But what you need to understand is that gold and precious metals only increase in price when compared to a devaluing unit of currency.
Think about it this way. Has the gold reserves of the planet gone up? Nope, there is a set amount of gold on this earth that nobody can change. So then, how is it that its price is constantly going up? It’s not so much that the inherent value of gold is going up as much as the value of the dollar is dropping, giving the illusions that the value of gold is rising. And the same principle applies to the value of other precious metals as well, like silver and platinum.
But investing in gold sounds complicated.
Now it is true that investing in gold or other precious metals can be an intimidating process and that is even more the case given that people aren’t all facing the same situation. Some have more money to invest while others have different types of retirement accounts.
To help people who aren’t too familiar with the entire process, there are many service providers out there called gold IRA custodians. What these service providers do is they help individuals not only navigate through the many rules and regulations that are prevalent in this industry, but they can also facilitate the purchase and storage of the metals in a way that can help maximise profit potential.
The value of the dollar is dropping
Each and every day that passes is another day where money is being printed and where each dollar is losing value. With that, the purchasing power of most people is going away along with that. The best thing you can do is to start investing in gold today, before it’s too late and the reckless government takes it all away.