Guide to Investing in Gold | The Gold Standard 2234

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A guide to investing in gold is the topic of this episode’s conversation. It couldn’t come at a better time. The United States is further down the list of the top 20 countries for retirement, and Americans are also behind in retirement planning. Half the people 55 or older have no retirement savings at all.

Where should you put it if you’re fortunate enough to have retirement savings? We live in a time of unprecedented debt, economic slowdown, runaway inflation, geopolitical tensions, and weakening democracy. Gold is the ultimate insurance policy. Precious metal is an essential part of a healthy portfolio. We discuss the dos and don’ts of investing in gold and silver.

Gold safeguards investments. It is one of the oldest assets in the world. Throughout the history of man, gold has proven to outperform inflation and serve as a haven. The main reason to invest in gold is that printing money destroys the dollar’s value. The Fed’s policy, since its beginnings, has been to print money. Last year, the Fed created $13 trillion and injected it into our economy. This addition to money printing contributes significantly to the overall weakness of our fiat currency. As this erosion of currency value takes a foothold, investors scramble to convert their cash holdings to gold to protect their assets’ value. That’s why gold is often considered a good hedge against inflation.

There are differing opinions about gold and how much to have in a balanced portfolio, but the facts are undeniable. Since 1929, there have been 20 major stock market crashes. There’s a market correction about once every five years. The average fall is about thirty-six percent. In each case, gold has either held its own or substantially appreciated.

Coins are the footprints of a nation’s monetary history. Historical coinage harkens back to a period of stable money. More so than paper currency, coinage used to be a yardstick of value and a facilitator of social trust. Dave Dino points out that our coinage before 1964 was made of precious metals. Dimes, quarters, half dollars, and dollars were made of silver. Before 1933, the US had some coins that were made from gold. The most noteworthy gold coin is the Saint-Gaudens Double Eagle, considered by many to be America’s most beautiful coin ever created. Another highly sought-after gold coin is the Indian Head Eagle ($10), which Augustus Saint-Gaudens also designed. These coins have a numismatic value independent of the fluctuating spot prices of gold and silver.

Numismatics is the study and collection of coins, tokens, and paper currency. The struggles of colonial settlers and our founding fathers, the challenges of the fledgling federal Philadelphia Mint, the California Gold Rush, and many other segments of American history are chronicled in the designs of earlier coinage. Numismatic coins illustrate the advancement of civilization and culture in encapsulated form.

The value of numismatic coins comes from their rarity (low mintage and number of known surviving specimens) and condition. These coins often have an external value considerably above the base value of their precious metal content.

Government-backed mints from every sovereign nation produce bullion coins. Bullion coins containing 99.9 percent gold or silver are bought and sold based on the current spot price of the precious metals. The value of numismatic coins depends on various factors, whereas the bullion market fluctuates with the precious metal’s spot price.

Gold bullion bars are an excellent way to get the most gold for your money. Bullion bars are strictly a financial investment. Bullion bars offer an easy and convenient way to purchase and liquidate gold holdings. Gold bars don’t have the added premiums associated with gold bullion coins because fewer processes are needed to create the end product. Most people think of bullion bars are being large and heavy, but this is not always the case. Bullion bars come in sizes from as little as one gram to as large as a kilogram.

Vienna Gold Philharmonic, also known as Austrian Gold Philharmonic, bullion coins pay homage to the rich musical culture so identifiable with the great city of Vienna. Ken vividly describes the beautiful design of Europe’s most popularly traded gold bullion coin. From the great pipe organ in the Vienna Musikverein’s Golden Hall on the reverse to the array of instruments that make up an orchestra on the obverse, this coin is a work of art celebrating the world-renowned Vienna Philharmonic. The Austrian Gold Philharmonic qualifies for the precious metals IRA.
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Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/