Since gold's high of $1,924 back on the 29th of August, 2011, gold has been forming a long-term cup and handle formation. With gold reaching $1,900 recently, and a myriad of other macro economic factors such as rampant inflation, global civil unrest, supply chain shortages, and geopolitical tensions, to name a few, we could easily see gold hit the psychological price target of $2,000 an ounce by the end of this year or even sooner. This would be followed by a bull rally super cycle in gold where we will be in a price exploratory phase where the heights are endless.
Now is the time to head down to your local jeweler and pick up some physical gold coins. These coins will act as your hedge against an economic break-down. You will at least have access to some form of currency in the event of a bank run or other situation in which individuals cannot access cash in their bank or their crypto for that matter. Think this isn't possible? Well, think again and refer back to the great depression where there was a bank run and people weren't able to withdraw cash. Gold acts as an insurance policy and is a good alternative to storing your wealth all in cash. It is recommended to have at least a 5% allocation to physical metals such as gold or silver. Now may be the time to consider adding physical gold to your portfolio. Plus, who doesn't enjoy playing with a little gold? It makes a special ringing sound when you flick it into the air that you have to experience yourself.
#thedailyinvestor
Now is the time to head down to your local jeweler and pick up some physical gold coins. These coins will act as your hedge against an economic break-down. You will at least have access to some form of currency in the event of a bank run or other situation in which individuals cannot access cash in their bank or their crypto for that matter. Think this isn't possible? Well, think again and refer back to the great depression where there was a bank run and people weren't able to withdraw cash. Gold acts as an insurance policy and is a good alternative to storing your wealth all in cash. It is recommended to have at least a 5% allocation to physical metals such as gold or silver. Now may be the time to consider adding physical gold to your portfolio. Plus, who doesn't enjoy playing with a little gold? It makes a special ringing sound when you flick it into the air that you have to experience yourself.
#thedailyinvestor