When it comes to your investments, diversification hasn’t worked. The “Buy and hold” strategy has become “buy and hope.” The one asset that could have helped stabilize your portfolio isn’t ever recommended by CNBC or your financial advisor. That asset is gold.
One cannot rely on CNBC or conventional financial media advice as they are misinformed.
Continually CNBC bashes gold as gold is the enemy in their book. They’d rather you put your trust in assets that don’t counteract the fall of the U.S. dollar. How has that worked for investors the last 10 years? Not well.
It’s not your fault you’ve lost money on your investments but you’re not being told the whole truth about investing to begin with and things unfortunately are worse than you may think.
We have experienced in 2008 and 2009 a horrendous Global stock market downward spiral and the U.S. stock market hadn’t seen this type of decline since the great depression. While nothing goes straight down, and bounces like we’re experiencing now will and do occur, those bounces will only be followed by further declines for the time being.
Governments have made it so we don’t know much about investing in gold.
The U.S. Government hides from us how much gold is stored in Fort Knox and won’t even let us audit it. Why the secrecy? Every Central Bank in the world owns gold, so you’d think governments would advertise this fact so their citizens would have a stronger belief that their paper currency has some sort of gold backing, especially with the recent rise in the price of gold.
Gold used to back our currency, but for the last 38 years it has not. What really backs our currency? The answer is the full faith and debt of the U.S. government. The dollar has lost 81% of its purchasing power in those 38 years. What cost $1 in 1971 co