Gold has consistently proven to be a reliable store of wealth, especially during uncertain times. The “gold standard” was based on tangible value – the same enduring value that gold, silver, platinum, and palladium continue to hold today. At Elite Pro Assets, we believe that a golden retirement begins with gold. Experts often recommend safeguarding your retirement and savings by incorporating gold and other precious metals into your portfolio. Here are some reasons why adding these assets could benefit you:
In the 21st century alone, the price of gold has surged by 300%, while the purchasing power of the dollar has decreased by over 25%. During periods of inflation, currencies can lose their value, but precious metals have historically maintained their worth. Gold bullion is widely viewed as a potential hedge against inflation. Precious metals are recognized globally, making them a virtually borderless currency. Protect your wealth from economic instability, government money printing, and uncertain times. Precious metals are cherished for their rarity and beauty, a timeless appreciation that has persisted throughout history.
Elite Pro Assets provides the expertise to guide you in making informed decisions about acquiring precious metal products and building a diversified asset portfolio. We are committed to educating you on enhancing your portfolio, purchasing coins, and acquiring other precious metal investments.
Historical pricing of gold
When President Nixon officially removed the United States from the gold standard in 1971, the price of one ounce of pure gold was just $35. Since then, over the past half-century, the price of gold has soared to over $1,800 per Troy ounce as of December 2020. Few assets have experienced such dramatic growth over 50 years. While gold may not continue its rapid ascent in the coming decades, its historical resilience suggests that gold prices are likely to maintain their value even amid fluctuating assets, economies, and geopolitical uncertainties. Many investors view gold as a stable and reliable asset. If it’s not already part of your portfolio, now might be the perfect time to consider adding it.
Why Invest in Gold
In uncertain economic times, one thing has remained certain: gold always retains some value. Since the first Egyptian dynasty, gold has been revered for its beauty and intrinsic value.
Five thousand years later, gold is still a trusted choice for wealth protection. Gold has stood the test of time as one of the world’s most valued assets. Emerging economic powers such as Brazil, China, Russia, South Korea, India, and Mexico, are all purchasing tons of gold.
Benefits of investing in Gold
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Portfolio diversification
Gold is an easy and convenient way to diversify your investment portfolio.
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Security
Help protect your assets, and be prepared when times change, and the market become volatile.
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Hedge agains Inflation
Gold has a well-earned reputation for making a great hedge against the inflation that can eat away at the value of paper assets. No matter what happens to gold, it will retain the value that it took to mine and produce it, while paper assets can theoretically go to zero.
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Political Instability
Markets hate uncertainty. Gold is historically known for retaining its value regardless of external political conditions. Whenever there is a political crisis, gold tends to take off. People love the safety that investing in gold delivers.
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Higher Demand
Emerging markets, like highly populated India and China, have increased the demand for gold. Gold typically has a more prominent place in the culture of these types of countries. Gold demand in China has been steady among those who view gold bars as a traditional type of savings. In India, gold is highly valued during the wedding season, increasing the global demand for gold.
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Gold IRAs
Gold-based IRAs are becoming increasingly popular these days. Backing your IRA with gold offers excellent protection for your retirement funds when market changes can implode your overall investment portfolio. The gold IRA is a retirement account that is approved by the government and backed by physical gold.
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Constraints on Supply
Much of the available gold supply is the result of global central banks selling gold bullion. Generally, when the amount of gold decreases, the price of gold increased.