3 Reasons Why Gold Could Skyrocket in 2022
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The U.S. just reported inflation of 8.6%, the highest in almost 40 years.
If this number worries you, you’re not the only one. We’re all paying more at the gas pump and facing increasing grocery bills. What can the average person do? The wealthy are moving their savings into physical assets and gold.
Here are 3 reasons why now may be the perfect time to invest in gold:
1. Gold tends to go up during unpredictable times
Inflation may not even be the biggest concern.
In uncertain times, gold is often thought of as a safe, long-term holding and has been used as a savings vehicle for thousands of years. Gold prices are on the rise, and experts from Goldman Sachs expect it to hit record highs later this year. Right now may be an ideal time to invest.
We recommend investing via a Gold IRA.
Why an IRA?
With a Gold IRA, your investment is held in a tax-deferred account, so your contributions and gains will not be taxed.
Money’s preferred partner is Oxford Gold Group. They walk you through a simple application process that takes just a few minutes.
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2. The last time inflation was this high was 1982, so act now.
Typically, gold has provided protection against inflation.
During the 1970s, when inflation was consistently higher than it is today, the price of gold went up 17x throughout the decade.
Over 30 million Americans have already invested in gold. If you’re not protected against inflation — well, you probably should be.
3. Now is the perfect time to diversify in gold
The stock market's volatility is the worst kept secret of the 21st century.
Gold has the ability to reduce the volatility in your portfolio. It does this by diversifying your portfolio with an asset that has a low correlation with stocks and real estate. In fact, during stock market crashes, gold prices often thrive.
Looking for long-term stability? Diversifying your portfolio with gold could be the right move.