Gold Is Your Insurance Policy Against Market Turmoil

Gold Is Your Insurance Policy Against Market Turmoil by JL Yastine – Banyan Hill

It’s hard not to love stocks right now. The Dow Jones Industrial Average just conquered another high, breaking through the 22,000 level for the first time, and it is now sitting on a year-to-date gain of more than 11%.

Tech stocks have led the Nasdaq Composite sharply higher, and it’s up more than 18% since the start of 2017.

That’s far better than London’s FTSE, which is up only 3%, or the German DAX, which is up less than 6% on the year.

The American market keeps marching higher, making stocks attractive.

But investors are still buying up gold. The yellow metal is up roughly 9.7% this year, not far behind stocks.

I’ve had a lot of people write in and ask why it’s important to own gold. It’s like insurance, simple as that.

No one really knows what the outcome will be as America, and indeed the rest of the world, faces up to the challenge of repairing and reviving a troubled economic landscape.

Gold offers an alternative — a way to diversify your wealth.

The real question is, what’s a safe, secure, cost-efficient way to own precious metals?

A Critical Hedge for Your Assets

Adding gold to a portfolio frequently presents investors with a frustrating conundrum. The knee-jerk reaction is to simply snap up shares of an exchange-traded fund (ETF) such as the SPDR Gold Trust (NYSE: GLD), but the ETF comes with an annual expense ratio of 0.4% that is eating into your returns.

And if real trouble hits the market, you’re just holding paper — not the actual bullion.

Should the market actually crash, would you rather have a paper investment, or possess physical gold bullion to hedge your assets?

Of course, the next dilemma is, if you decide to buy actual bullion, you’re left trying to figure out where to buy it. Do you get bars or coins, and how do you safely store them?  Is it time to invest in that big safe for your house?

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Banyan Hill

Ted joined The Sovereign Society in 2013. As an expat who lived in South Africa for 25 years, Ted specializes in asset protection and international migration. He is the editor of The Bauman Letter and Plan B Club.