The global debt has been on the rise since the beginning of 2022, with the numbers for 2023 expected to be no different. With unfunded deficits increasing and central banks printing more money to keep economies afloat, the value of fiat currencies is steadily declining. Against this backdrop, owning precious metals in 2023 can provide a sense of security and safety for the future. Here are ten reasons why you should consider owning precious metals in 2023.
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Gold can serve as a hedge against inflation, as its value has historically tended to increase as the purchasing power of fiat currencies declines. This makes gold a valuable asset to protect your savings and pension funds from the effects of inflation.
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Gold can act as a diversifier in an investment portfolio, as its performance is often uncorrelated with other asset classes. This makes it an attractive option to investors looking to balance their portfolios and reduce risk.
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Central Bank Digital Currencies (CBDCs) may restrict your autonomy to spend going forward. Gold provides you with the freedom to build wealth without interference from central bodies.
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Gold has a long history as a store of value and has maintained its purchasing power over long periods of time. It can protect you from the effects of hyperinflation and dramatic political and economic shifts.
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Gold is widely recognized and accepted as a valuable asset, making it a practical form of collateral in financial transactions. It is fungible and accepted everywhere, making it a valuable asset to have in your portfolio.
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Gold is less volatile than other assets in times of economic instability, tending to rise and fall gradually and slowly. This gives the owner a chance to liquidate if needed.
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Owning gold can be a source of personal enjoyment and satisfaction, whether for its beauty, historical significance, or cultural value. It can offer a cushion when unexpected events occur in your life.
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Avoiding fallout from the collapse of market bubbles is essential. The Financial markets are currently valued at nearly ten times the value of the real economy. Owning gold can help protect you from the effects of market bubbles.
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Artificial Intelligence and the Fourth Industrial Revolution could lead to the cost of intelligent labor rapidly trending towards zero in the next decade. Eroding earning power for many who are working in the knowledge industries. Owning gold provides a store of value that is not affected by these technological changes.
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2023 is expected to be the beginning of a recession, and owning gold can provide a buffer from unexpected shocks like unemployment.
In conclusion, owning precious metals such as gold in 2023 can provide a sense of security and safety for the future. As the value of fiat currencies continues to decline, it is more important than ever to diversify your portfolio and protect your savings. Consider owning precious metals to ensure your financial well-being in the future.
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