Savvy in­vestors are re­turn­ing to Amer­ica’s orig­i­nal cur­rency. Here’s why.

Spin to Win Rodeo - - Competitive Edge -

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.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.