“Is Gold a Good Investment for Protection? Some States Seem to Think So.”

by | Mar 27, 2023 | Inflation Hedge | 8 comments




Ric Bender of the “Ric Bender Report” Explores how certain states are buying Gold to protect the state’s revenues from inflation and debasing dollar. ▶ Protect Your Retirement Savings –

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As uncertainty looms over the future of global economy, the popularity of gold as a reliable investment option has grown exponentially. And states are no exceptions – many governments are now investing in gold as a way to safeguard their wealth and strengthen their economic prospects. This trend has sent a clear warning signal to individual investors that they must also consider buying gold for protection.

The pandemic-induced economic crisis has brought about a surge in inflation rates and a substantial decrease in the value of traditional currencies. Many experts fear that this trend will continue unless governments across the world take drastic measures to stabilize their economies. As a result, many countries have begun purchasing gold for their reserves and as a hedge against inflation.

For instance, in recent years, countries like China, India, Russia, and Turkey have made significant investments in gold to diversify their reserves and protect their economies from the pitfalls of over-dependence on traditional capital markets. Even Western nations, such as Germany and the United States, have increased their gold reserves in recent years to protect themselves from the risks arising from currency fluctuations, geopolitical tensions, and economic instability.

The underlying message from all these moves is loud and clear – gold is being viewed as a reliable store of value in uncertain times. But it’s not just governments that are buying gold – private investors are also shifting their attention toward this precious metal. In fact, the demand for gold among individual investors has reached new heights in recent months, with many people buying gold as part of their portfolio diversification strategy.

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So should you invest in gold too? Well, the answer is not straightforward, as it depends on your personal investment goals and preferences. However, one thing is clear – gold can serve as an excellent protection against market volatility and inflation, and it has a long history of retaining its value in times of crisis.

Investing in gold comes with its risks, just like any other investment vehicle. However, with the ongoing uncertainties looming over the economy, it’s becoming increasingly clear that gold can play a critical role in protecting one’s wealth. Therefore, it may be wise to consider buying gold as part of your investment plan in the current economic landscape.

In conclusion, the recent surge in government-level gold purchases sends a clear warning signal to individual investors – the current economic climate is highly uncertain, and gold is emerging as a reliable protection against economic headwinds. While investing in gold comes with its risks, savvy investors who are willing to take a calculated risk may find that adding gold to their portfolio is a sound investment choice in times of market turbulence.

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8 Comments

  1. Rich Murphy

    Suspect part of 22% crowd could fit into the category 'la la'.

  2. Glen H

    If you are retired you should consider getting yourself out of debt. And, moving out of the US to a lower cost of living country. Invest your savings in gold. Things aren't going to get better in the US. It will get worse. The US is not the only country in the world. The US was great. It has been destroyed and will not get better in our lifetime. This strategy is for those that can afford to do this. The rest of you will just have to grin and bear it.

  3. Steve Miller

    Great piece Ric on States encouraging citizens to back their US Currency with Gold & Silver. People hearing this information need to understand the seriousness of what is happening. If States are waiving Sales Tax on Metal purchases, that action should register with people that States are providing their citizens with a warning of where the purchasing power of the dollar is going. Wake Up America…..it's your money!!

  4. Hill Country Red

    I’m not here to frighten anyone because God says to not have a spirit of fear but times are about to go haywire.

  5. Tater Squad

    On one hand, real assets usually protect against inflation, on the other hand we are looking at a deflationary recession. Timing will be everything.

  6. RWG RWG

    My family thinks I'm stupid for buying physical silver which I started buying in 2002

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