Wall Street Vegas | The Gold Standard #2220

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Wall Street makes money off the investor, and Las Vegas makes money off the gambler. Today, the word “investor” is interchangeable with “gambler.” The odds are about the same. If you're gambling in Vegas, the odds are stacked against the players and favor the house.

Though most people don't realize it, the odds in many hedge funds are stacked even more heavily against the investor than in Vegas. Vegas casinos set the numbers to take about 5% of the take. That's much less than hedge funds, which generally demand 20% of the profits, share none of the losses, and the investor pays 1.5% to 2% per annum, even if they lose.

Some people know nothing about stocks. Stockbrokers who know even less are advising them. The free-for-all speculation that has become much of Wall Street is nothing less than gambling.

The stock market's plunge in March 2020 hurt countless Americans. Retirement accounts that took decades to build followed the market's performance into double-digit losses. Stock market volatility aside, the dollar's value has been consistently diminishing. What does that mean for anyone holding cash reserves in their bank? A corresponding loss in purchasing power. Precious metals, which have increased in value over the past several years, can offset that loss, with investors using the inverse relationship to protect their portfolios. Precious metals are a way to hedge against inflation and can even add stability to retirement accounts.

Buy Physical Gold. Not Paper.

Gold products offered on Wall Street are not gold. These offerings are paper contracts. The most prominent are exchange-traded funds or ETFs. They're easy to spot because the ticker symbol is "GLD." An ETF is a share of stock and not physical gold. It's not gold that you own. It's share of stock. The share itself is not even physical paper; it's digital and easily hacked or erased.

Diversifying your investments reduces the risk and maximizes your returns as much as possible. Dave Deno and Ken Russo, VP of the Midas Gold Group, discuss how easy and important it is to diversify your retirement investments. They even talk about how important it is to diversify within precious metals. For example, a well-rounded holding of precious metals might include bullion with gold and silver numismatic coins.

Throughout history, few investments have rivaled gold in popularity as a hedge against almost any trouble, from inflation to economic upheaval or currency fluctuations, to war.

Ways to Invest in Gold

Gold bars are popular for people looking to buy gold. Engraved on the face of the bar are the purity, manufacturer, and weight. Purity is essential when purchasing gold: investment-quality gold bars must be 99.5% pure gold and is the minimum purity allowed for Gold IRAs. Most gold bullion bars are .9999 percent pure. Many people purchase a gram or an ounce of bullion.

The Time to Buy Gold is Now

Our government cannot create gold out of thin air the way they print currency. There is a finite supply. There will be a point where physical gold won't be available for any price. When a buying panic erupts, it'll be too late. Dave and Ken discuss how easy diversifying into gold can be.

The Storage of Gold

There are several ways to store physical gold. Where and how to keep gold will depend on the quantity. Third-party custodial storage is available for large amounts.

Featured Gold Bullion Product

The Perth Mint first released its Gold Australian Kangaroo coins in 1987. Although presently devoted to one of the most recognizable images of Australia, the Kangaroo, the coin series originally depicted the Australian gold nugget. Three years after its inception, when designers changed the design from a nugget to the world-famous Kangaroo, the coin series took off. People worldwide took notice and began purchasing the Gold Australian Kangaroo. Since this design change, the Australian Gold Kangaroo coin series has become one of the most highly sought-after pieces of currency by both coin collectors and wildlife enthusiasts alike.

On its reverse surface, the Gold Australian Kangaroo features a kangaroo along with The Perth Mint's traditional P mintmark also appearing on the surface. On the obverse surface of the coin is a portrait of Her Majesty Queen Elizabeth II along with inscriptions of the coin's face value and purity.
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