Although the US economy has spent the past few years getting back on its feet after the recession of 2008, financial experts have begun to warn of yet another impending recession.
The stock market is more volatile than it’s been in a decade – and it’s got investors worried. Experts have cited numerous indications of a new recession. Which is why the world’s top asset managers are moving their money into gold.
Let’s find out why. And then let’s explore how you could do the same.
Jeff Gundlach, the CEO of Doubleline Capital, is anticipating a huge increase in gold given the turbulent times ahead. He has observed that those in the know are already investing more in gold, creating an upward trend in its value that will last at least four or five years. In an interview with Forbes Magazine, he stated that the current value of gold could increase by thousands of dollars. Investing in it now – before that increase – is a smart financial decision to make.
Gundlach isn’t the only expert talking about gold’s shining role in the approaching inflationary boom. The co-founder and CEO of Gavekal Research, Louis Gave, has also predicted that gold’s value is about to explore. According to Gave, gold’s been underperforming for a while now, but he believes that trend is about to change. This shift will make gold a far better investment, he predicts, than bonds.
Financial expert David Rosenberg agrees. Now is not a good time to bet on the dollar, Rosenberg has suggested. But on the other hand, “there’s no better hedge against a weak dollar than gold”. That’s why he recommends investing in gold over stocks or bonds right now, with the US dollar about to fall.
The warning signs of this coming recession are growing stronger. No one can predict how the stock market will react but taking action right now will protect your existing investments and ensure a better financial future.
If you’re going to invest in gold, and many financial experts seem to think you should, you need to act before the recession arrives, in order to increase your net worth as much as possible. Buying gold isn’t as tricky as most people think. If you open a gold IRA and work with a trustworthy asset manager, you should easily be able to include gold in your portfolio.
Keep in mind that, no matter what, it’s never a good idea to put all your money in one basket – even if that basket is made of gold. The value of gold tends to rise when the stock market falls, so what a gold IRA will give you is the gift of balance during uncertain times.
Start by researching online to discover the best financial options. You’ll discover the new ways to invest in gold, the financial pros (and cons), and you’ll even be able to analyze different investment opportunities. Make sure to research multiple sources, and read independent reviews. Also, consult a trusted financial advisor before taking any steps. Good luck!