Central banks maintain. Accredited investors maintain. Even most “ESG” tyrants like BlackRock and Vanguard hold it. Physical precious metals have become a “must have” commodity in wallets and safes large and small.
Increasingly, middle-class Americans also own gold and silver. Inflation was the main driver in 2022 and 2023 for purchases of precious metals, but in recent months it has been their concern about the upcoming election that is pushing Americans to buy.
If Donald Trump wins the presidency, law enforcement officials have warned there will be large-scale unrest that could dramatically affect the supply chain and infrastructure, potentially hurting the economy. But if Joe Biden (or his Democratic replacement) wins, continuing current economic policies would cause long-term damage.
It's no wonder why many Americans seek the financial “edge” of physical precious metals to protect their wealth or retirement, as well as to be available in times of trouble. Here are three ways Americans own gold and silver…
Jewelry store
Despite the economic crisis facing America and most of the world, jewelry sales continue to rise. Some Americans see it not only as a stylish accessory, but also as a way to turn their money into something more tangible that they can carry with them. With de-dollarization underway and the national debt soaring, concerns about the US dollar are warranted.
Unlike gold or silver that is kept in a safe, jewelry is easily portable and can be worn in almost any circumstance. In emergency situations, jewelry can be used to transfer wealth in circumstances that require exchange.
Jewels have two drawbacks. The cost of craftsmanship is no small thing. Compared to wholesale metal prices, gold or silver jewelry can be marked up by 500% or more. The second drawback is that it is visible. With crime on the rise, displaying wealth can mark someone as a target.
Metals in the safe (and wallet)
Keeping physical precious metals in a safe or vault is a practice that dates back to ancient times. Gold is mentioned in the first book of the Bible, Genesis, and can be found in the tombs of kings of lost civilizations.
Today, keeping gold and silver bars or coins in a safe is an easy way to have wealth that can be liquidated into currency relatively quickly. Whether we work with the US dollar or a “digital dollar” in the future, precious metals can become needed cash in a hurry. This is one of the reasons why central banks are so bullish on them right now as they prepare to launch central bank digital currencies.
One of the downsides to keeping precious metals in a safe is that they generally stay at home. Whether you are traveling or just going out on the town, having gold and silver in a safe will not help in emergency situations. A new solution to this is the Prepper Bar, 62.2 grams of gold or silver that fit in a wallet. It's perforated so it can be broken into smaller pieces, making it ideal when you're out and about and need an exchange of wealth.
Precious Metals Physically Backed Retirement Accounts
Most Americans don't have tens of thousands of dollars to spend on precious metals “equity insurance.” Those who want to own gold and silver but don't have enough money available in the bank have few options.
The most popular of these options is rolling over or rolling over retirement accounts into Genesis Gold IRAs. This allows a tax-deferred option for those who have their current IRA, 401(k) or government retirement accounts locked up in volatile markets.
Genesis Gold Group, a faith-driven precious metals company, helps Americans by putting physical precious metals into a deposit that backs their retirement. Retired Americans who take distributions from their accounts set up by Genesis can have the metals delivered to their homes. Genesis is also the only company in America that can use the aforementioned Prepper Bar in their IRAs.
Americans need to look at all their options. Arrive at Genesis Gold Group today to receive your free definitive gold guide or tour Prepper Bar and buy gold or silver that can act as wealth in your wallet today.
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