Gold IRA Inform

Check out this informative article about the US debt ceiling and why it matters.
The debt ceiling is the upper limit of money that the government can borrow and has been raised 78 times over the past seven decades. The current limit of $31.4 trillion was reached in January, and Congress must once again raise the ceiling by early June, or the US government could default on its debt. This would have far-reaching consequences for the US and global economy, including delays to the payment of salaries, social security payments, healthcare subsidies, and the potential loss of jobs.
A default could also severely weaken global trade, cause a sharp decline in the US dollar, and spike the prices of oil and other commodities. The article discusses the main sticking points, with the Republican Party refusing to hike the debt ceiling without sweeping budget cuts, while President Biden wants the debt ceiling to be raised without conditions. Read on to learn more about this important issue.

US debt ceiling: How default could affect you – DW – 05/12/2023 The US government could start to run out of money if Congress fails to raise the debt ceiling by the end of the month. DW looks at the wider impact of a possible debt default.

It may seem counterintuitive at first, but the truth is that most of the money in circulation today is actually created as debt by banks.

When you take out a loan from a bank, they create new money by adding that amount to your account. This new money is essentially a promise from you to pay back the loan with interest, which means that money is effectively a debt that you owe to the bank.

But it's not just individuals who create money as debt. Governments also borrow money by issuing bonds, which are essentially promises to pay back the principal plus interest at a later date. These bonds are then bought and sold in financial markets, creating even more debt-based money.

So the next time you think about money, remember that it's not just a medium of exchange, but also a debt that we owe to someone else.

Where are gold prices heading?

Gold prices hit a record high of $2,048 in April 2021 and have since held steady around $2,000. Despite the current high price, gold is considered a wise long-term investment due to its ability to provide steady returns and withstand economic turbulence. Some experts predict that gold prices will continue to rise in the near term due to persistent inflation, interest rate hikes, and concerns about a potential recession. The Fed is expected to keep interest rates high to combat inflation, which could further support gold prices.

Where are gold prices heading? Here's what experts say Gold prices are high, but will they stay that way? Here's what experts say - and what it means for you.

According to a recent report by the University of Michigan, US consumers are increasingly concerned about inflation, with long-term inflation expectations reaching a 12-year high. Consumers expect prices to climb at an annual rate of 3.2% over the next five to 10 years, with costs rising 4.5% over the next year. The report also showed a decline in consumer sentiment and a drop in buying conditions for durable goods, with high prices eroding living standards for 42% of respondents.

Source: https://www.bloomberg.com/news/articles/2023-05-12/us-consumer-long-term-inflation-expectations-hit-12-year-high?srnd=economics-inflation-and-prices

A Gold IRA, or Gold Individual Retirement Account, is a self-directed retirement account that allows you to hold physical gold and other precious metals in your portfolio. It is a type of retirement account that is specifically designed for investing in precious metals.

The main benefit of a Gold IRA is that it provides diversification for your retirement portfolio. By adding physical gold and other precious metals to your portfolio, you can potentially reduce your exposure to market volatility and protect your wealth.

Gold has a long history of holding its value over time and has often been used as a hedge against inflation. By investing in a Gold IRA, you can potentially protect your wealth from the harmful effects of inflation.

Additionally, Gold IRAs offer potential tax advantages. Just like a traditional IRA, contributions made to a Gold IRA may be tax-deductible, and any earnings on your investments grow tax-free until withdrawal. This can result in significant tax savings over time, especially for individuals in higher tax brackets.

Overall, a Gold IRA can be a valuable addition to your retirement portfolio. It provides diversification, inflation protection, and potential tax advantages. At Gold IRA Inform, we specialize in helping our clients invest in precious metals for their retirement portfolios. Contact us today to learn more about how we can help you achieve your retirement goals.

Inflation is a natural part of any economy, but it can have harmful effects on our financial well-being. When the cost of goods and services increases over time, the value of our money decreases, leading to a decrease in purchasing power.

For retirees and those on fixed incomes, inflation can be particularly harmful. As the cost of living increases, their savings may no longer be enough to cover their expenses, leaving them financially vulnerable.

One way to protect your wealth against inflation is to invest in assets that have historically held their value during times of inflation. And one such asset is gold.

Unlike paper money, which can be printed in unlimited quantities, gold has a finite supply. This scarcity gives it an inherent value that is not tied to any government or central bank.

Furthermore, gold has historically held its value during times of inflation. In the 1970s, for example, inflation in the US reached double digits, yet the price of gold increased from $35 to over $800 per ounce.

Investing in gold can therefore be a valuable hedge against inflation, protecting your wealth and preserving your purchasing power. So, if you're concerned about the harmful effects of inflation on your financial well-being, consider adding gold to your investment portfolio.

It's no secret that economic crises are cyclical and gold has historically held its value during times of turmoil.
It has also proven to be more profitable than stocks over the long term, with an average yearly increase of 8.5% compared to 1.9% for the S&P 500 since 1971.
Gold's low correlation to other assets makes it a valuable addition to any investment portfolio, potentially reducing overall risk and increasing diversification. Consider adding gold to your strategy for increased returns and protection of your wealth.

Are you concerned about the security of your retirement savings in the current volatile market? If so, consider adding gold to your retirement portfolio. Here's why:

1. Protection from Market Volatility: Gold is a tangible asset that has a long-standing reputation for being a safe haven during economic uncertainty. It can help protect your portfolio from the ups and downs of the market.

2. Diversification: By adding gold to your retirement plan, you can diversify your investments and potentially reduce your overall risk. Gold has historically had a low correlation to stocks and bonds, making it an ideal addition to a well-diversified portfolio.

3. Inflation Hedge: As the cost of living continues to rise, gold can serve as a hedge against inflation. Historically, gold has retained its value over time, making it an excellent long-term investment.

4. Potential for Long-Term Growth: While the short-term price of gold can be volatile, it has historically appreciated over the long term. Adding gold to your retirement portfolio can potentially provide a hedge against economic uncertainty and potential long-term growth.

Investing in gold as part of your retirement plan can help you safeguard your financial future and protect your retirement savings. Consider the potential benefits of adding gold to your portfolio today!

According to the marketing strategist from the World Gold Council, Joe Cavatoni, the value of gold has surged to almost historic highs this year and is expected to continue its upward trend.
He attributes this rise to the fact that gold is a tangible asset, much like property or land. "It's a simple equation: my house, my land, my gold," he emphasizes. This sentiment is shared by many experts who believe that investing in gold can provide a solid foundation for a diversified portfolio.

Greetings and welcome to the Gold IRA Inform Fanpage!
We appreciate your interest in securing your financial future, which is a top priority for any savvy investor. As economic uncertainty, global crises, and social upheaval continue to arise, precious metals have become increasingly vital as a liquid and essential component of a well-diversified portfolio.