Gold: The Amazing Yellow Metal
(And what it can do for you)
Why should you buy Gold in 2023?
Some thought Bitcoin was the ‘new gold’ but the extreme volatility over its history argues against that..
Others have thought that you can’t make money buying Gold, yet just like any other asset – timing can be everything. As an example, we bought Gold under $300 per ounce around 20 years ago, it’s up over 6X now.
That’s not as good as buying AAPL (Apple Inc at $8, but pretty darn good for a wealth protector!)
I was reading an email from SovereignMan this week and several things hit home with me; an excerpt:
Gold is really an amazing metal when you think about it. [so yes, I really started thinking about it!]
It doesn’t corrode. Coins buried underground or sunk at the bottom of the ocean for hundreds of years are routinely pulled up and brushed off, and they’re good as new. [We don’t recommend burying gold unless you’re darn sure you know where!]
This strength and durability is precisely what makes gold so interesting as an inflation hedge.
It undoubtedly takes a lot of work to produce a gold coin or bar– so much labor, energy, technology, etc. [Not much laying on the ground or in a stream bed these days]
A gold coin essentially represents all of the work… all of the effort and labor… that went into producing it.
This is not unique. In the same way, a bushel of wheat represents all the labor that went into producing the grain. An iPhone [we run Androids, just sayin’] represents all the labor and effort that went into producing it.
Except that wheat doesn’t last. iPhones don’t last. Gold does. [emphasis ours]
So gold essentially encapsulates all of the resources, including TIME, that went into producing it… in a way that lasts forever.
Why I’m Buying Gold in 2023
As I mentioned above, timing can be everything when buying Gold. So why now as the price nears record highs?
The short answer is that many of the experts we follow feel Gold is waking back up again, for a vast number of reasons.
Let’s face it: the Federal Reserve screwed up big time (and screwed over savers). Now fixing the problem will take pain.
The US Government continues to print money and go in debt like no tomorrow. Being the world’s reserve currency is the only reason the party hasn’t crashed long ago (as in the dollar cratering in value).
Gold has a many thousand year history of preserving wealth…
Does Bitcoin? Hardly.
Stocks? How’s your Polaroid shares doing. Even Exxon Mobil (which has had a wild ride thanks to the plandemic and poor performance for over a decade) is now in the crosshairs of none other than the President of the United States for elimination.
But oh, first, could Exxon please help the American people???
More and more large investment funds won’t even buy shares of companies that don’t follow the ESG leftist agenda. So I wouldn’t bet on it for your grandkids.
Gold, however, will be there for your grandkids. And while the price isn’t near lows, it may not be going lower anytime soon.
HOW to Buy Gold Safely
While we’re never going to tell you not to buy Gold or Silver coins and bars to store close at hand, we’ve often stated that a cache of any size in your home could be very dangerous for family.
I once knew a guy in Colorado with a coin shop who said “don’t expect to find Gold in my house… I live in the mountains where there are rocks. LOTS of rocks”.
Hey, as mentioned above, just don’t forget where or not tell someone who survives you where.
And banks? Fuhgeddaboudit.
- Shoot, it’s almost hard to find a bank with safe deposit boxes these days
- They charge an arm and a leg
- They’re not open when you may need them
- There could be a Treasury agent there when you open the box
We use a better solution.
Companies like The Hard Assets Alliance (our review here) provide a safe, economical way to buy Gold and store it securely in vaults around the world. No, that’s not “close at hand” but how much do you need close at hand? And should that be Silver?
What you can do is have them ship it to you WHEREVER YOU MIGHT BE. Think about that!
If all of this makes sense to you, and you’re thinking about buying Gold this year…
Check out The Hard Assets Alliance.. it’s where we buy & store Gold. (Yes, they even do IRA’s!)