Like many fellow Americans, I’m concerned about market fluctuation. According to an Allianz Life survey, 72% of Americans believe it’s important to protect retirement savings. Yet, very few take action to attempt to survive market turbulence and build a balanced portfolio.
I learned a very hard lesson back in 2008. My money was all in real estate and equities. Both my personal savings and retirement savings fell substantially. In fact, at one time my multi-million dollar net worth was down over 70%!
Fortunately, I’m a proactive person by nature and I used this as an opportunity to take matters into my own hands. I spoke with my advisory team, mentors, my father, who had a 40 year career in finance, and read about every book that remotely had to do with investing, surviving economic turbulence, and long-term portfolio diversification.
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It was shortly after this meltdown that I had decided the ONLY way to safeguard my retirement was to have exposure to alternative assets that typically RISE IN VALUE when financial markets tank.
The ONLY way to do this is to have exposure to precious metals. The astounding facts about just how bad the US dollar has fallen in the last 23 years alone speak volumes about why this is so important.
If you purchased $100,000 of gold in 2000, today it is worth over $530,000.
Since 2000, the dollar has lost over 27% of its purchasing power, while gold gained an astonishing 530%.
While a handful of in-the-know investors purchase gold and silver to store in safe deposit boxes, very few have taken advantage of what I feel is the BEST way to protect what should be our largest investment vehicle – our retirement savings.
When my retirement tanked after the 2008 meltdown, it was deflating. Sure, I had decades to recoup the losses and let society rebound as it usually does, but instead of going with the flow like most Americans, I could have done something to actually GROW my portfolio if I had exposure to gold and silver.
Gold and silver prices doubled, and even tripled during times when people were losing their homes to foreclosure and filing bankruptcy at a record pace. Savvy investors who diversified their retirements by allocating 5-20% of their portfolio to precious metals came out as huge winners while many people had to regroup their lives.
It was at this point I realized that I could have amplified my savings light years ahead by making the very simple move to diversify my portfolio with exposure to gold and silver.
After telling myself to “learn from this and don’t let history repeat itself” I went ahead and made the move to adding precious metals to my IRA. I sifted through dozens of companies, but found one that went above and beyond the rest. You can get their FREE Wealth Protection Guide by visiting them through the link below.
Our Purchasing Power is Dwindling!
I won’t use this space to go on a tangent about inflation, everyone who shops for groceries or consumer goods knows very well that our purchasing power has gone to hell. Just a few years ago I could buy chicken wings and a beer at a local restaurant for about $11. These days, it’s more than double that, and that’s just one very simple example of how much purchasing power the US Dollar has lost.
Robert Kiyosaki Predicts Gold Price Soaring to $3,800 While Silver Rises to $75 in 2023
Author of “Rich Dad, Poor Dad,” Robert Kiyosaki is just one of the many financial guru’s I follow closely.
His outlook for the future is very bleak, to put it bluntly. He has referred to fiat currencies as “fake money” and “toilet paper” since the entire monetary system “just creates money out of nothing.”
“I believe economy is the biggest bubble in world history,” he said in a tweet. “God have mercy on us all.”
Since a lot of financial assets have gotten cheaper in this market downturn, it might be tempting to buy the dip. But that’s not what Kiyosaki is doing.
“Many of you know I do not invest in equities, bonds, ETS or MFs. Please DO NOT listen to what I’m going to say next: ‘I would get out of paper assets’,” he says, adding that the world economy “is not a ‘market.’”
Instead, Kiyosaki likes three real assets for protection. Here’s a look at each one of them.
Gold and silver
Precious metals — particularly gold and silver — have been a popular hedge against inflation and uncertainty. They can’t be printed out of thin air like fiat money and their value is largely unaffected by economic events around the world.
Kiyosaki has long been a fan of gold — he first purchased the yellow metal in 1972.
“I’m not buying gold because I like gold, I’m buying gold because I don’t trust the Fed,” he said in an interview last year.
This isn’t the case for gold and silver, globally respected and highly traded commodities with actual use cases.
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In Conclusion
I continue to support gold and silver. In fact, as I add cash to my retirement portfolio this year, the focus is on precious metals. I have enough invested in equities. Holding cash is a recipe for losing money every year. It’s time tested.
My Gold IRA is With Goldco!
Why Did I Choose Goldco?
- Best Overall Company & Most Trusted in the Industry
- Customers Have Acquired Over $2 Billion in Precious Metals
- Get Up to $10,000 in FREE Silver With Qualifying Purchase
- A+ BBB Rating. 7 Time Inc. 500 Award Winner
You have choices in life. To me, this is an obvious time to protect what I’ve worked 45 years building. Being prepared for what’s ahead allows me to sleep better at night knowing 2008 won’t repeat itself.
Find out more here —> Protect Yourself.
Resources:
https://finbold.com/cash-is-trash-says-robert-kiyosaki-would-buy-more-gold-even-if-it-crashes/
About Tim Schmidt
Tim Schmidt is an Entrepreneur who has covered retirement investing since 2012. He started IRA Investing to share his expertise in using his Self-Directed IRA for alternative investments. His views on retirement investing have been highlighted in USA Today, Business Insider, Tech Times, and more. He invested with Goldco.
