As those in retirement or approaching retirement know, the evil twins of low interest rates & persistent inflation can be disastrous to one’s golden years. CD rates today average 4.75%, while inflation, according to an analysis by the California Legislative Analyst’s Office, prices have grown about 20% since 2020.
Reducing your purchasing power is the real threat of inflationary times. If a retiree is on a fixed income and purchasing power is continually being reduced, hard times are ahead. Things cost more, and their income can’t keep up. Many have heard from experts that “Wealth Insurance” is the answer to this purchasing power threat, but don’t what it is, or know how it works.
Some of the things that has created this threat, is the Government’s massive money printing. Back in 2009, ’10, ’11, ’12. It took them over five years to print $3 trillion. Well, last year, the government printed $3 trillion in three months. And so, it’s just impossible to keep doing that, which seems to be the new normal, and not have some negative consequences to it. And it really hurts retirees the most. We have the evil twins of low interest rate environment and inflation at the same time. Again, that can be devastating for people in retirement.
There’s just no other better hedge to inflation and the devaluing of the dollar, and even a counterbalance to the stock market and real estate holdings, but physical gold and silver. It’s incredible when you look at what it’s done, even compared to the Dow Jones. Gold & Silver have an incredible track record over the many, many years, even known as the “Gold” Standard. At one time, our money was backed by Gold. Our currency was taken off the Gold Standard in 1971.
Why should I own gold and silver? To act like a counter-weight to my paper investments, like stocks and mutual funds, or something else? What kind should I own? A pre-1933 General Circulation Minted Coin, for un-qualified accounts, which are private, with no reporting requirements, or Minted Morgan dollars for qualified accounts, either Gold coins or Silver coins, which do have reporting requirements? How much of it should I own? 10% of my portfolio? 15% of my portfolio? Where do I keep it? In my possession or stored somewhere? And how do I get rid of it when I’m ready to sell it?
This video can answer these questions. Wealth Insurance is none other than, Gold & Silver. Watch to learn more, and tell me what You think.
Let’s talk.