Here's a string of words from the past year that might make you feel uneasy: Inflation, crypto crashes, USD volatility, stocks in the red and housing slumps. OK, so it hasn't been a great year for our precious nest eggs. But, there's never been an economic downturn we haven't recovered from, eventually.
But even if you're not worried about a little economic turbulence, that doesn't mean you shouldn't buckle up. In this case, your seatbelt is a carefully diversified portfolio of assets. Do it right, and you could be funding many generations to come.
There are some investments that can even protect you in times of economic uncertainty. And one asset that's remained historically steady â€" with its value even increasing during times of instability â€" is gold.
How Gold Can Be a Hedge Against Uncertainty
Paper money loses value as more is printed. But gold is a finite resource more rare than diamonds, meaning its value will only ever increase with demand. In fact, the price of gold is up more than 300% in the past 15 years, and it's outperformed the stock market for the last 25.
The good news is, you don't need to reenact your own epic trek through the Klondike to get your hands on some of this rare metal. It's all done online, now through companies like Lear Capital.
What to Expect When Investing in Precious Metals
Investing in precious metals isn't necessarily for investing newbies. You'll need to be able to invest a minimum of $15,000. And since you're usually working with gold IRAs, it's ideal to be over 59-years-old, when you can move retirement accounts without penalty.
And you definitely want to work with a trustworthy company, like Lear Capital. It's been in the precious metals business for more than 25 years, which is twice as long as most other gold firms. It has completed $3 billion in precious metals transactions and has over 93,000 satisfied customers. Plus, you'll get a 24-hour risk-free guarantee to review your purchase before committing to it.
Not only that, but unlike most gold firms, it will walk you through the entire investing process, from start to finish. After you sign up for your free gold investment kit, you'll be connected with an expert from Lear Capital, who will go over everything you need to know while addressing any concerns you may have.
And since gold is ideally a long-term investment, Lear will stick with you after your initial investment. Many other companies leave you to your own devices after they get your investment.
To learn more, head over to Lear Capital's site to sign up for your free gold investment kit.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
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