LOS ANGELES, Calif. — As inflation grips the U.S. many Americans are feeling the pinch.
Prices of numerous consumer goods have exploded in just a few weeks. Gasoline is up 56 percent. Beef is up 2.3 percent in just one month. And used car prices are up 30 percent.
“When serious inflation hits, it hits everyone,” says Ben Stein.
While you might be able to avoid buying a used car, it’s difficult to avoid buying gas or electricity for your car.
Many Americans are now wondering, “Just how bad is it?”
It’s bad. Really bad.
Overall inflation is up 6 percent in a year — the largest increase since 2008 — and the fastest rate of increase since 1982.
If your income hasn’t increased at least 6 percent in the last 12 months, then your money just doesn’t go as far today as it did last year. In other words, you’re going backwards. You’re losing purchasing power.
Wolf Richter (a noted wall street investor) argues that inflation is actually higher than reported. Worse, this lost purchasing power is NOT coming back. Richter writes:
“The actual loss of purchasing power of the consumer dollar is far worse than even these very ugly inflation data […] And this loss of purchasing power is permanent.”
Unfortunately, inflation will continue for at least the next 2 years unless something unheard of happens. Biden’s trillions in stimulus money continues to flood the economy, making inflation worse. And the Fed doesn’t plan to raise interest rates until 2023 at the earliest.
Between now and then, inflation will continue to run HOT — possibly even hotter than right now. Which means higher prices at the pump, the grocery store, the dealership — anywhere you normally buy goods and services.
If you’re retired, or near retirement…
You could be looking at a perfect storm.
So if you weren’t prepared before, this could be your second chance.
At the very least, you need to educate yourself on what’s happening…
And what your options are to survive it.
If you think there’s no hope…
Then you’ll be pleasantly surprised once you see this.
This no-nonsense report to protecting your wealth in retirement will teach you how to avoid the destructive power of inflation — and possibly even benefit from it.
Ben Stein knows what he’s talking about. He’s lived through multiple inflationary periods and wrote extensively about them for the last 45 years. He studied economics at Columbia and Yale, and taught economics at 3 major universities and has written 5 best selling books and hundreds of articles in Barrons, Walls Street Journal, and The American Spectator about inflation.
So don’t wait, get the FREE REPORT to protect your 401k or IRA from runaway inflation…
P.S. Thanks to Biden, the U.S. is experiencing rapid price increases unlike almost anything in the last 39 years. That’s why it’s so important to ACT NOW to preserve your retirement wealth, especially if you’re over 60. Click the link above to get started immediately.
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Your wealth is your future comfort. Don’t let that future be at risk. To learn more get this Free Report: Protect your retirement savings from inflation and dollar devaluation.
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Precious Metals in Times of Inflation: Safeguarding Your Wealth
Inflation, the relentless rise in the prices of goods and services, erodes the purchasing power of your money over time. When your hard-earned dollars buy less, it’s time to consider strategies for protecting your wealth. One time-tested approach is to invest in precious metals, like gold and silver. In this article, we will explore how gold and silver serve as hedges against inflation, explain their role in preserving purchasing power during inflationary periods, share historical examples of their impressive performance, and provide valuable tips for managing investments during inflationary economic conditions.
Hedges Against Inflation: Gold and Silver
- The Role of Gold: Gold has long been recognized as a store of value. Its intrinsic worth, scarcity, and historical track record make it a valuable hedge against inflation. As the value of fiat currencies declines during inflationary periods, the relative value of gold remains steady or even appreciates.
- Silver as an Inflation Hedge: Silver shares many of gold’s attributes and is often referred to as “poor man’s gold.” It offers a more accessible entry point for investors looking to protect their wealth from inflation while potentially benefiting from its dual role as an industrial metal.
Preserving Purchasing Power during Inflation
Precious metals, such as gold and silver, act as reliable guardians of your purchasing power during inflation. Here’s how they accomplish this:
- Intrinsic Value: Gold and silver derive their value from their physical properties, not from government policies or economic conditions. This inherent worth remains resilient during inflationary times.
- Safe Haven Demand: Rising inflation often leads to increased demand for precious metals as a safe haven. This heightened interest can drive up prices, helping preserve your purchasing power.
- Historical Record: The historical performance of gold and silver reveals their impressive ability to maintain and even increase in value during times of inflation.
Historical Examples of Precious Metals in Inflationary Periods
Throughout history, precious metals have demonstrated their worth as inflation hedges. Here are a few noteworthy examples:
- 1970s Stagflation: During the economic turmoil of the 1970s, when the United States experienced both high inflation and high unemployment (stagflation), the price of gold skyrocketed, demonstrating its resilience as a store of value.
- Post-2008 Financial Crisis: In the wake of the 2008 financial crisis, central banks increased monetary stimulus, raising concerns about potential inflation. Gold and silver prices surged, reflecting their role as hedges against currency devaluation.
- Recent Inflation Concerns: In the modern era, precious metals have again shone as inflation hedges. The global economic instability during the COVID-19 pandemic and massive stimulus measures have rekindled interest in gold and silver.
Tips for Managing Investments During Inflationary Economic Conditions
- Diversify Your Portfolio: Spread your investments across a mix of assets, including precious metals, to reduce risk and mitigate the impact of inflation.
- Regular Monitoring: Stay informed about inflation rates and economic indicators. Adjust your investment strategy accordingly.
- Physical and Paper Investments: Consider holding physical gold and silver, like coins and bars, as well as paper investments like precious metals ETFs for flexibility.
- Expert Guidance: Seek advice from financial professionals with expertise in precious metal investments to make well-informed decisions.
You can protect your wealth and your future comfort by owning physical gold and silver. Many investors have chosen to do just that. Inflation is an inevitable economic phenomenon that can erode your wealth. However, by including gold and silver in your investment portfolio, you can shield your assets from the corrosive effects of inflation. The historical performance of these precious metals, coupled with their intrinsic value, positions them as reliable hedges. With careful monitoring and a diversified approach, you can ensure your investments retain and grow their purchasing power during inflationary economic conditions.
#InflationProtection #PreserveWealth #InvestingWisely #PreciousMetalsInflation
Diversifying Your Precious Metals Portfolio: A Path to Stability and Growth
Diversification is the golden rule of successful investing, and this principle extends to the world of precious metals. While gold and silver are the stars of the show, diversifying your precious metals portfolio with various metals can bring greater stability, mitigate risk, and enhance your investment strategy. In this article, we’ll discuss the importance of diversification in precious metals investing, provide strategies for building a diversified portfolio with different metals, explain the benefits of spreading risk, and offer specific recommendations for diversifying with gold, silver, and other precious metals.
The Importance of Diversification in Precious Metals Investing
Diversification is the key to reducing risk and optimizing returns in any investment portfolio, and precious metals are no exception. Here’s why diversification matters:
- Risk Mitigation: Diversifying across different metals can help cushion your investments against the volatile price movements of individual metals.
- Enhanced Stability: A diversified portfolio is more stable over time, ensuring that you don’t put all your eggs in one basket.
- Optimized Returns: Different metals have distinct characteristics, and they can perform well at different times. A well-structured portfolio can capture opportunities for growth.
Strategies for Building a Diversified Precious Metals Portfolio
- Gold: The Bedrock: Start with gold, often considered the foundation of a precious metals portfolio. It’s a stable, long-term store of value and a hedge against economic uncertainty.
- Silver: The Complementary Metal: Silver’s volatility and industrial applications make it a valuable addition to your portfolio. It often moves independently of gold, providing diversity.
- Platinum: The Industrial Metal: Platinum is not only a precious metal but also a critical industrial component. Consider adding platinum for its unique role in both sectors.
- Palladium: The Industrial Gem: Palladium is another versatile metal with strong industrial demand, particularly in the automotive and electronics sectors.
- Other Precious Metals: Don’t forget about metals like rhodium, iridium, or even rare metals like ruthenium. These can be niche investments, but they offer diversity and potential for growth.
Benefits of Spreading Risk Across Different Metals
- Risk Reduction: By holding a mix of metals, you reduce the impact of price fluctuations in any single metal. If one metal underperforms, others may compensate.
- Capital Preservation: Diversification safeguards your capital by limiting exposure to any one market. It provides a safety net when one sector faces challenges.
- Enhanced Profit Potential: Different metals perform well under varying economic conditions. This diversity can maximize profit potential in any market environment.
Specific Recommendations for Diversifying Your Precious Metals Portfolio
- The 70/30 Rule: A common strategy is to allocate 70% of your precious metals investments to gold and 30% to other metals. This balance leverages gold’s stability while capturing the potential of other metals.
- Mining Stocks: Consider investing in mining company stocks that produce a variety of precious metals. This approach offers diversification through a single investment.
- Precious Metals ETFs: Exchange-Traded Funds (ETFs) that focus on precious metals can provide diversified exposure to various metals within a single investment vehicle.
- Dollar-Cost Averaging: Invest a fixed amount regularly, regardless of metal prices. This strategy minimizes the impact of market fluctuations and gradually builds a diversified portfolio.
You can protect your wealth over time and varying market conditions by diversification. Diversifying your precious metals portfolio is not only a wise investment strategy but also a crucial step toward mitigating risk and optimizing your returns. By spreading your investments across gold, silver, and other precious metals, you can enjoy greater stability, capital preservation, and enhanced profit potential. With a well-thought-out approach to diversification, you can build a resilient and profitable portfolio that stands the test of time.
#DiversifyPreciousMetals #OptimizeInvestments #InvestmentStrategy #PreciousMetalsPortfolio