THE NEW GOLD RUSH
Savvy investors are returning to America’s original currency. Here’s why.
GOLD IS POISED TO MAKE A COMEBACK. Despite favorable job reports and consumer confidence, many market analysts are predicting that America is headed for a recession in 2019. They blame various intersecting factors: instability in global markets; tariffs and trade wars; America’s ballooning deficit; and continued increases in interest rates by the Federal Reserve. All of these factors could slow stock growth, cause prices to rise, and reduce the buying power of the U.S. dollar.
After seeing double-digit losses in our retirement accounts during the last crash, many of us are looking for safer places to stash our nest eggs. The world’s oldest form of money may be the answer. New technology has made gold easily accessible to regular investors, paving the way for its comeback as a currency you can save and spend. You don’t need to be a billionaire with a financial advisor and a safe in the wall. You just need a mobile app and debit card — and the desire to exert more control over your financial future. Here are a few of the most immediate benefits of going back to gold.