It is often said that imitation can be a great form flattery. However, it is also the best way to learn from and model the success of others. If you’re looking to be successful financially, a billionaire could be the perfect role model.
What Billionaires Do You Know gold and silver IRA rollover
While their world views may differ, billionaires like Carlos Slim and John Paulson have all admitted to holding some of their wealth as gold. Warren Buffet, a man who favors what he calls “productive investment,” acknowledges the benefits of gold for investors, especially in times when inflation is high.
Do you still remember the 2008 stock market near-crash that saw retirement accounts lose $2 trillion in 15 months? Where could your money have gone if it had not been for the stock market’s near crash?
That’s right, gold.
If you had invested in gold in 2001 you would have seen your capital grow by 700%. Let’s say it again: 700%. This decade was also one that saw the greatest economic growth in human history. Gold thrived as the stock market plummeted. Why? Because precious metals are often the safest place for big-money investors when the stock market crashes.
Could this ever happen again? Today, we are inside the largest stock-market bubble in history. Experts agree that the bubble will burst again in a short time. Change your investment strategy now if you don’t want to see your retirement savings lose value due another collapse of the economy.
Why Billionaires Own Gold
Gold is nature’s most hard asset. For thousands of year, gold has been civilization’s reserve of value. This is because gold is an intrinsically valuable and tangible resource. Globally, gold can be used as an alternative form of money. It was mentioned in Scripture 417 times. The devaluations and dilutions of paper investments such stocks, bonds, mutual funds and other paper investments aren’t applicable to gold. It isn’t at the mercy either of financial institutions or governments. It can’t print like money and won’t ever merge with or be split. In the past, gold has moved in opposition to the direction the stock markets were heading. Billionaires recognize that gold is an excellent option to reduce volatility or vulnerability in their portfolios.
There’s no better place for wealth preservation than gold.