Whenever I tell stories to my kids, I always have to remember to remind them that the value of the dollar in my youth was significantly higher than today in theirs. And in the same breath, I remind them that, over time as long as 5000 years, Gold has retained it’s purchasing power albeit with modest fluctuations.
Please don’t confuse me, though, with the myriad shysters always trying to con you with a scheme on how to get rich with Gold.
And their usual pitch is some version of pushy, aggressive, and fear-mongering-based tactics followed by a “bait and switch” style offer…
OR… it’s some sort of “get rich quick” type opportunity that – you guessed it – never seems to pan out.
Make no mistake; they always have a detailed excuse why it didn’t pan out and often a reason or two why it’s actually YOUR fault!
Is The US Dollar Going To Zero?
In a word.. probably.
It’s simple. Every single fiat currency invented since time began has done just that. NO EXCEPTIONS!
In fact, our own US Currency has been pretty darn worthless a time or two in our history (remember: “worthless as a Continental”?)
But let’s face facts…
If the dollar was really going to ZERO…
Why would these nefarious individuals be selling you their gold for this soon-to-be worthless currency?
(Ask them, they’ll have a good reason for you already and waiting.)
Maybe they claim to arbitrage short term Gold prices.
Or perhaps they are selling you some near-mint-perfect coins – limited in quantity – only recently discovered in a vault?
Not ALL That Glitters Is Garbage
Now, I don’t want to assume they’re all crooks out to sell you some overpriced garbage, or something outright counterfeit…
And I don’t want to suggest that any of the extreme predictions people make about gold couldn’t happen or won’t happen, because quite frankly we don’t know… nor does anyone else.
One thing we do feel confident in telling you is that if your current motivation to buy gold – or silver, platinum, or palladium – is largely based on an extreme “fear” or “greed” response then you are setting yourself up for great disappointment and perhaps even tragic losses.
Though on the brighter side:
I’d like to share a different perspective on precious metals, and why we think every investor should consider adding it to their portfolio.
The Case For Precious Metals
One of my favorite books on investing is Nassim Taleb’s classic, The Black Swan: The Impact of the Highly Improbable.
Black Swans are rare events that are hard-to-predict, come as a shock, and have a large impact on society, history, technology, and finance.
In hindsight, we all want to believe these were totally predictable events, and the warning signs crystal clear; but that’s hindsight. Sort of like perpetual motion: a great idea but never really pans out.
A true Black Swan could be something catastrophic… like 9/11 or the 2008 financial crisis…
Or a huge wealth event… like a hot stock (or investing fad) that could have made you rich (of late, usually a “disruptor” technology).
But the truth?
The truth is that, in general, humans can’t reliably predict anything.
But we THINK we can!
And therein lies the problem…
We all want to think there is some all-knowing “guru” out there with the secret you need and – often for a fee – they will tell you that secret and it’s easy street for you after that.
We don’t make predictions at BuyAndStoreGold.com, at least not this kind…
If you ask us whether the stock market will go up or down we answer “yes”. Same with the price of Gold, Silver, Platinum or Palladium.
What we DO know is that Gold has a 5000 year track record of providing a relatively safe haven for the wealth of people who hold it … over the medium and especially the long term.
(Short term is where most get into trouble on many investments.)
And while past performance does not predict future returns… (certainly you’ve heard THAT before!)
I can’t think of any other asset class that has the track record of precious metals, especially Gold & Silver.
And when faced with a future of uncertainty, I’d rather put my faith into something with a proven track record – like precious metals – than something that doesn’t.
It’s why central banks around the world are now stockpiling Gold in droves…
It’s why billionaires like Hank Paulson, Ray Dalio, and George Soros are too…
And if the world’s wealthiest and most powerful people, families, and organizations are all investing in precious metals…
What about you?
In our opinion, there is one option that stands out above the rest for being the best SLEEP WELL AT NIGHT option for buying and storing precious metals, especially GOLD.
That option is the Hard Assets Alliance, a company we have done business with since the day they opened their doors.
There are several ways to buy and store Gold (and other metals) with them, including geographic options around the world.
You can learn more about this exciting opportunity by CLICKING HERE