U.S. President Donald Trump isn’t giving up his fight to weaken the U.S. dollar any time soon.
The world’s second-largest economy is buying gold like it’s no one’s business. According to analysts, as the US-China trade war intensifies, China is bulking up its bullion reserves – most likely in an attempt to de-dollarize. Russia is doing the same, along with a number of central banks in developing economies. So why is gold being stockpiled? And why on such a large scale?
Gold has long been considered a safe haven investment – when markets are volatile gold tends to maintain, or even increase, its value. Unlike indices and currency values, physical gold is a tangible metal that can be held in one’s hand; it’s not subject to interest rate or market fluctuations. Gold is seen as a form of investment insurance against economic downturns, inflationary pressures, and currency manipulation.
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Asset protection is a pretty hotly discussed topic of late because it provides you with a playbook of legal techniques to protect both your assets and business entities from creditor claims.
A gold IRA is quickly becoming one of the more popular individual retirement account (IRA) options for smart and determined investors and retirees who want to diversify and protect their nest egg.
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At the height of the financial crisis in 2008 – with credit markets in deep thaw, banks facing a liquidity crisis, and the real-estate bubble about to burst – Ben Bernanke arrogantly stepped forward to leave his dubious mark on American history.
The price of gold has risen precipitously since the housing-market collapse and financial crisis of 2008, as you would expect a sound hedge investment to behave.