Boom! Your Retirement Just Took a Big Hit! | The Gold Standard 2237

https://www.midasgoldgroup.com/

Since the beginning of this series, we have warned of the coming perfect storm. The financial storm presents a severe risk to the US economy and, in particular, to retirement accounts.

More than 46 trillion dollars has been erased from investors’ portfolios over the past 12 months. The losses make this the worst year for stocks and bonds in most of our lifetimes. The carnage you’ve seen this year is only going to get worse. After decades of incredible performance, the stock market could be at the beginning of a lost decade. The fast and furious nature of today’s market volatility won’t let up.

When the everything bubble does pop, the confused investors will be caught off-guard, and the retirement accounts of millions of Americans will be wiped out.

Those who follow this series know about the coming financial storm. We’re in the middle of the mother of all bubbles. Everything is overvalued, built on a house of cards, and we’re sitting on a pile of debt. The pressure has been building up in this bubble for years. Any one of several events might be the pin that pops the bubble. Economic or natural disasters and too much speculation can trigger a stock market crash. Investors can prepare for the collapse of the stock market by diversifying portfolios.

Gold IRAs are a reliable way to diversify a retirement portfolio, especially when nothing seems to be a haven, not even Treasury bills and bonds. The paper market has become too risky. The spot price of gold is known to move in the opposite direction of paper assets. Gold and other precious metals protect your retirement because they are tangible. Gold is a medium of exchange and has no third-party counter risk. Gold is real money that you can own and control.

A Gold IRA, a self-directed individual retirement account, allows you to own gold bullion. A custodian who specializes in administrating Gold IRAs help you manage the paperwork, tax reporting, and storage needs of holding physical gold bullion and other precious metals.

The media would have us believe prospects for the banking industry are favorable. In this episode, Ken explains how Wall Street has trained investors to swallow the idea that their money is safe in the financial system. No one has the incentive to ensure investors have the complete picture. The stakeholders want to keep the cash flowing into the system so it can survive, thrive, and grow. When you look at the banking system closely, you realize that the whole purpose of our economic policy is to guarantee the continuous growth and power of the banks.

Gold holds its intrinsic value better than anything else on Earth and has done so for thousands of years. The metal is indestructible. Every ounce of gold that has ever been mined is still in existence. Humankind has tried for centuries to create gold without success. Cash, on the other hand, is effortlessly made. Currency is a tool used by the banking system, often to the detriment of society.

Experts recommend having about five percent of your portfolio in physical gold, not as an investment, but against the tendency of most governments to devalue their currency over a long period. These are not “normal” times. Governments have never printed the vast amounts of currency the US Treasury has. Cash is necessary for immediate needs and emergencies, but it’s not something you want to hold onto long-term.

This episode highlights one of the world’s most popular bullion coins. The Gold Canadian Maple Leaf is a distinctive government-backed bullion coin from the Royal Canadian Mint. The Gold Canadian Maple Leaf has fantastic qualities and exceptional purity. Another remarkable aspect of the Gold Maple Leaf is the integration of a tremendous amount of anti-counterfeit technology with its design. The Gold Canadian Maple Leaf and its silver counterpart use the most sophisticated security technology available. Ken points out, “it’s a very hard coin to counterfeit.”

Since 1982, the Gold Canadian Maple Leaf has been .9999 fine gold. The obverse of the coin traditionally features the profile of Queen Elizabeth. The passing of Her Majesty Queen Elizabeth II is the end of an era for Canada. The Royal Canadian Mint will be changing the obverse to reflect the change in the monarchy and show King Charles. The Canadian Gold Maple Leaf is IRA-eligible.

______________________________________________________________________________

Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/
Gold IRA: https://www.midasgoldgroup.com/gold-ira/
Invest in Gold: https://www.midasgoldgroup.com/buy-gold/
Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/
Read the latest precious metals news: https://www.midasgoldgroup.com/news/