It’s been said imitation is not only a great method of flattery, but it’s also one of the best ways to learn and model success for others gold and silver IRA rollover. If financial success is what you are after, who better to model your behavior than a billionaire.
What Billionaires Understand
Despite their differing worldviews, billionaires such John Paulson (George Soros), Carlos Slim (Carlos Slim) and John Paulson (John Paulson) all admitted to keeping a portion of their wealth on gold. Warren Buffet admits gold has been an excellent investment, even though he prefers what he calls productive investments.
Do you recall the dark, dark days of 2008? When the stock markets crashed almost to death and pension accounts lost $2 trillion in less than 15 months? You can bet your money could have grown in value as well as lost.
That’s right, gold.
If you had purchased gold back in 2001, you would have seen your investment increase by 700%. Let’s rephrase that: 700%. This decade was also the most volatile in economic history. Gold flourished even as the stock exchange plummeted. Why? Why?
Could it happen again? Today is the height of the greatest stock market bubble in human history. Experts believe that the bubble will burst soon. Do not allow your retirement accounts to fall because of another economic collapse. Now is the best time to start changing your investment approach.
Why Billionaires Have Gold
Gold is nature’s best asset. Because gold is a finite resource and a tangible asset, it has been civilization’s store of wealth for thousands of centuries. It is used all around the world as an alternate form to money. It was mentioned in the Bible 417x. Gold is not subjected to the same devaluations or dilutions as other paper investments like stocks and bonds, or mutual funds. Governments and financial institutions cannot control the value of gold. It can’t even be printed like currency, and unlike stocks it won’t ever be combined or split. The direction of the stock exchange has always been in conflict with gold. Billionaires realize that gold can reduce the volatility of their portfolios and make them more vulnerable.
Gold is the ideal place to keep and preserve your wealth.