ONE RECESSION- PROOF YOUR RETIREMENT
This one is easy to grasp: Just look at your 401k reports from 2008-2009. While stocks were cratering, gold was holding — and increasing — its value. And that story has been consistent over the long term: The price of gold fluctuates modestly but doesn’t suffer overnight double-digit declines like the stock market has.
That makes gold a smart investment, especially if you’re saving for retirement, tuition, or a large purchase like a boat or new home — and can’t afford a sudden downturn. Imagine you’re less than 10 years from retirement, when your risk is the highest, or you’ve stashed almost enough for your dream barn ... and then the market plummets. Will you have the time or salary to build back your nest egg? If those analysts are correct, gold’s historical resilience makes it a very attractive way to protect your hard-earned savings.