It’s well-known that imitation is not only a great form flattery, but it’s also a great way to learn from the successes of others. What better role model than a billionaire to show you how to achieve financial success? You can get the best gold IRA companies in this sites.
What Billionaires Do Not Know
Even though their world views might not have much in common, billionaires like Carlos Slim, John Paulson, George Soros and John Paulson all admit that they have some of their wealth in the form of gold. Warren Buffet, who calls himself “productive investments”, acknowledges that gold is a great investment for investors in times of inflation.
Do you remember the dark, stormy days of 2008, when the stock market crashed so fast that retirement accounts lost $2 trillion in 15 months? Can you imagine where your money could be at the same time it was gaining value, instead of being lost?
That’s right, gold.
You would have seen 700% growth in your investment if you had purchased gold in 2001. Let’s try it again: 700% growth. This decade was also one the most difficult economic periods in human history. The stock market crashed, but gold thrived. Why? Why?
This could all happen again. We are currently in the biggest stock market bubble history. Experts think it’s only a matterof time before the bubble bursts. The time is right to modify your investment process if you don’t wish to see your retirement account lose its value again due to another collapse in the economy.
Why billionaires have gold
Nature’s hardest asset is gold. Since gold is a finite, tangible resource with high intrinsic worth, civilization has used it as a store of value for thousands and thousands of years. The world’s alternate currency is gold. It is mentioned in the Bible 417 time. Gold is not subject to the types of dilutions and devaluations that other paper investments, such as stocks, bonds and mutual funds, can cause. The government and financial institutions are not allowed to affect the gold’s value. It cannot be printed as money, and unlike other stocks, it will not ever merge or become one. The stock market’s direction has historically been reversed by gold. Billionaires are well aware that gold is a great way to reduce volatility in their portfolios.