With gold’s ability to protect your assets against inflation, financial crisis, and economic turmoil, there’s never a bad time to buy gold. Investors have trusted gold for centuries to protect their wealth. And with gold’s performance over the past couple of decades, it has shown itself to be an asset that can rival stocks in building up investor wealth. Are you ready to put gold to work protecting your retirement savings?
5 Key Factors That Impact Today’s Gold Price
Central Banks
As central banks continue to create money and credit out of thin air, they devalue their currencies. That continued currency devaluation causes the price of gold to rise over the long term.
Inflation
The inflation of prices throughout the economy affects the price of gold. Rising inflation or expectations of higher inflation will boost gold’s price.
Economic Outlook
A worsening economy causes more investors to invest in gold to protect their assets. Even just the prospect of an economic crisis or a stock market crash can cause gold’s price to shoot up.
Investment and Jewelry Demand
Gold coins, bars, and jewelry are the primary drivers of the gold price. As demand for those products increases, so does the price of gold.
Supply Constraints
Mining for gold is expensive, which is why primary gold production is slowing. Gold recycling can help bridge the gap between supply and demand, but if supply can’t meet demand then the price of gold goes up.
Central Banks
As central banks continue to create money and credit out of thin air, they devalue their currencies. That continued currency devaluation causes the price of gold to rise over the long term.
Inflation
The inflation of prices throughout the economy affects the price of gold. Rising inflation or expectations of higher inflation will boost gold’s price.
Economic Outlook
A worsening economy causes more investors to invest in gold to protect their assets. Even just the prospect of an economic crisis or a stock market crash can cause gold’s price to shoot up.
Investment and Jewelry Demand
Gold coins, bars, and jewelry are the primary drivers of the gold price. As demand for those products increases, so does the price of gold.
Supply Constraints
Mining for gold is expensive, which is why primary gold production is slowing. Gold recycling can help bridge the gap between supply and demand, but if supply can’t meet demand then the price of gold goes up.
The Price of Gold and Your Investment Portfolio
Gold isn’t something you invest in for short-term gains, it’s an asset that protects the value of your investment portfolio and retirement savings over the long term. Since the gold window closed in 1971, gold has outperformed US stock markets, and its performance so far in the 21st century has far outpaced stocks.
If you’re looking for an asset that offers long-term wealth protection, you’d be hard pressed to find anything better than gold. That’s especially true during times of financial crisis. Those who invested in gold saw their portfolios perform far better than those who kept their money in stocks.
Ready to Protect Your Retirement Savings?
Get our FREE Self-Directed IRA Guide
With the Goldco self-directed IRA guide, you’ll learn everything there is to know about investing in gold and silver with a precious metals IRA. Whether you’re a long-time precious metals investor or a first-time buyer, our FREE guide will explain the advantages of precious metals IRAs, how to get started investing in precious metals, and how long the IRA process will take.
Once you’ve read our FREE IRA guide, our specialists are available to answer any additional questions you have about opening a gold or silver IRA. If you’ve wished you could invest in gold and silver but didn’t know how, request your FREE self-directed IRA guide today and learn how you can harness the power of gold and silver to protect your retirement savings, grow your wealth, and add much-needed stability to your investment portfolio.
Ready to Protect Your Retirement Savings?
Get our FREE Self-Directed IRA Guide
With the Goldco self-directed IRA guide, you’ll learn everything there is to know about investing in gold and silver with a precious metals IRA. Whether you’re a long-time precious metals investor or a first-time buyer, our FREE guide will explain the advantages of precious metals IRAs, how to get started investing in precious metals, and how long the IRA process will take.
Once you’ve read our FREE IRA guide, our specialists are available to answer any additional questions you have about opening a gold or silver IRA. If you’ve wished you could invest in gold and silver but didn’t know how, request your FREE self-directed IRA guide today and learn how you can harness the power of gold and silver to protect your retirement savings, grow your wealth, and add much-needed stability to your investment portfolio.