I do not usually invest in gold, but recent global tensions have me rethinking my strategy. Despite billionaire Warren Buffett’s skepticism about gold, I believe that it could be a valuable asset in times of crisis. Recent events in Russia, Ukraine, Israel, and the Red Sea, as well as the drone attack in Jordan, indicate a growing atmosphere of global instability. Domestically, the United States is facing a mounting federal debt, economic stress from higher interest rates, and the impact of the upcoming election year. In times of uncertainty and crisis, gold has historically been seen as a safe haven asset, often outperforming stocks and treasuries.
Although gold is currently near an all-time high, adjusted for inflation, it still has significant room for growth to reach previous highs. The potential for gold to face another crisis and increase in value makes it an attractive investment. Therefore, I have decided to begin gradually purchasing some gold for my portfolio.
To ensure that I am making a smart investment, I plan to utilize the Hard Assets Alliance (HAA), a trusted source for buying and selling precious metals at lower costs than physical stores. The HAA provides secure storage in non-bank vaults, making it a safe and convenient option for holding physical gold. I urge others to consider investing in gold now to add a form of insurance to their portfolios. As I mentioned, it only took me about five minutes to set up my account and buy some gold through the HAA, so I encourage others to consider this option as well.
Original article written by Aaron James CEO, Banyan Hill, Money & Markets.
