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Why seniors should consider gold bars and coins now
Retirement is a milestone many people look forward to. After years of hard work and saving, you can finally sit back and enjoy the fruits of your labor. However, in the current economic climate, many seniors are struggling to maintain their standard of living and protect their financial future.
With inflation, interest rate hikes and market fluctuations, it’s essential to invest in assets that will retain their value through the years. One of those assets is gold — in particular, gold bars and coins.
Learn more about gold investing with a free information kit.
Why seniors should consider gold bars and coins
Seniors can benefit from investing in gold bars and coins in many ways, including:
Stable value
Throughout history, gold has been prized as a symbol of wealth, a globally recognized currency and a component in everything from jewelry to electronics. Unlike paper currency, gold’s supply is finite, so it can’t be devalued by overproduction. And since demand for gold often increases in economic downturns, it can provide much-needed stability when other assets falter.
Protection against inflation
Inflation erodes the purchasing power of your retirement savings over time. However, gold is an effective hedge against inflation since its value tends to rise as inflation rises. By investing in gold bars and coins, seniors can protect their savings from the effects of inflation and preserve their wealth over the long term.
Diversification
It’s essential to diversify your investment portfolio, especially in retirement. This means investing in various asset classes to achieve a balance of risk and reward. Gold bars and coins are a wise addition to any portfolio as their value isn’t dependent on any particular country’s economy or currency. It’s also usually not affected by stock market crashes and other economic upheavals.
In fact, gold tends to perform well when more-volatile assets like stocks are suffering. This makes it a great way to protect against losses and hold onto more of your retirement savings.
Tangibility
Gold bars and coins are tangible assets you can hold in your hand. Whereas most investments exist solely on paper or screens, they can provide investors with an added sense of security and control. In addition, collectors can enjoy the satisfaction of acquiring gold coins with historical or sentimental value, making investing fun as well as profitable.
Get your free investors kit here to learn more about gold investing today.
Liquidity
Gold’s resale potential gives you quick liquidity that can provide you with funds in an emergency. Gold bars and coins can be easily sold on the market at any time, giving you a safety net to fall back on if needed.
The bottom line
Investing in gold bars and coins can be a wise strategy for seniors who want to protect their wealth, hedge against inflation and have a potential source of funds in a pinch. However, it’s important to carefully weigh the pros and cons of physical gold before investing.
Do your research, consider your financial goals and needs and consult a trusted financial advisor for guidance customized to you. With some due diligence and careful planning, you can reap the benefits of investing in physical gold in your senior years.
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Washington — Sen. Mark Kelly said Sunday that the federal government needs to do its part to inform Americans of the vast swath of election misinformation that’s being consumed on social media platforms like X, TikTok, Facebook and Instagram.
“It’s up to us, the people who serve in Congress and in the White House to get the information out there, that there is a tremendous amount of misinformation in this election, and it’s not going to stop on Nov. 5,” Kelly said on “Face the Nation with Margaret Brennan.”
Kelly, who sits on the Senate Intelligence Committee, said he’s seen these misinformation operations target not only his state of Arizona, but also other battleground states.
“There is a very reasonable chance I would put it in the 20 to 30% range, that the content you are seeing, the comments you are seeing, are coming from one of those three countries: Russia, Iran, China,” Kelly said.
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“So my constituents in Arizona and others — they seek to influence the outcome of these elections, and that is absolutely beyond the pale,” Kelly said at the Sept. 18 hearing. “We’ve got to do something about it.”
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In another battleground state, Pennsylvania, Trump returned Saturday to hold a rally in Butler three months after an attempted assassination on him. He was joined by members of his own party and billionaire Elon Musk, who said Trump was the only way to preserve democracy and warned of a last election if he does not win in November.
Speaking to CNN’s State of the Union on Sunday, Kelly called the social media mogul a hypocrite.
“He’s standing next to the guy that tried to overturn the 2020 election on Jan. 6, saying that this is somehow going to be the last election and they’re going to take away your vote,” Kelly said. “And you know, it just doesn’t pass the logic test.”
At the White House press briefing on Friday, President Biden – speaking from the podium for the first time since taking office – said he’s confident of a free and fair election but alluded to the 2021 insurrection at the Capitol in his concerns on whether it will be a peaceful transfer of power.
“The things that Trump has said and the things that he said last time out when he didn’t like the outcome of the election were very dangerous,” Mr. Biden said. “If you notice, I noticed that the vice-presidential Republican candidate did not say he’d accept the outcome of the election, and they haven’t even accepted the outcome of the last election.”
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