When you’re thinking about investing your hard-earned money, and turning your life savings into real assets, then you’re thinking about many options. Some people invest in real estate, others in bonds, while some prefer precious metals. Of course, the options are endless, and these are just some of the options.
When we say precious metals, we mean mainly gold. Most people that invest in precious metals are doing it in this one, although there are other options too, like silver, palladium, platinum, iridium, rhodium, osmium, iridium, rhenium, and ruthenium. See more about their features here.
If you’re thinking about investing in some of them, and especially gold, you’re surely thinking about it and whether it is the right thing to do. We’re here to share the Millennium Trust Review on the matter and explain what are the pros and cons of investing in gold. Follow up and see more on this subject.
Gold is the most stable currency in the world
If we’re talking about a safe investment of your life savings, then there’s no better thing to do but invest in gold. This is the most stable currency in the world. Of course, you can’t actually use it to pay for stuff legally, but it is the only asset that will never lose its value.
Over the years, and even over the centuries, it has proven to be the most stable valuable asses there is. Every other currency will deflect during an economic crisis, natural disasters, and wars, but not this one. It will remain stable and keep the same price.
This happens due to its constant demand and the constant high reserves of the most powerful countries in the world. The US keeps its reserves in gold, which is why the US dollar always has great value compared to other currencies.
They have 8,133 tons of gold, and in the second place, far behind them is Germany with 3,359 tons. Then follows Italy with 2,451 tons, and France with 2,436 tons. See more about this list on this link: https://www.statista.com/statistics/267998/countries-with-the-largest-gold-reserves/.
How much gold you should have in your portfolio?
You probably heard that your portfolio needs to be versatile, or diverse. You should put all your earnings into gold, but you need to place them in some other things. The rule of thumb says that you should invest more than 15% of your fund into it, but this is only a general opinion.
It’s different from country to country, and especially from person to person. Your understanding of the situation and the future should determine whether you need more or less than this 15%. If you think that the economic crisis is ahead of us, feel free to have more, as gold is stable and will provide security.
On the other hand, if you think that times are and will be good, then you should go with less than this number and use the rest of the funds and invest them in something that might get you a bigger return of investment. See more about the gold portfolio allocation percentage on the highlighted link.
Gold is known as a stable asset and provides security in case the other investments fail. You’ll always have something to go back to when you have enough gold in your portfolio. But if times are troubled, it’s better to store it, than spend it.
Best retirement option
When you’re thinking about retirement, you’ll want to have an IRA or some of the other solutions that are filled to the top and just waiting for your retirement days. Using gold for this matter is the smartest thing to do.
When you open a gold IRA, the company you’re working with will give you tons of benefits. You’ll have your assets stored at the same time, and you’ll be free to manage the other types of income for investing in other things.
According to this review, it’s clear that investing in gold is the smartest thing you can do with your money. You now know how much of your portfolio should be filled with pure gold, and how much to put in something else. The choice is yours.