July 2020 Newsletter: Protect Your Portfolio from the Volatile Month Ahead
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Gold IRA Guide / Newsletters  / July 2020 Newsletter: Protect Your Portfolio from the Volatile Month Ahead

July 2020 Newsletter: Protect Your Portfolio from the Volatile Month Ahead

July 2020 Newsletter: Protect Your Portfolio from the Volatile Month Ahead

Global tensions are on the rise. 

Worldwide COVID-19 cases, the disease caused by the novel coronavirus, have eclipsed 10 million. Nationwide riots and mass unrest has sowed distrust in American leadership. 

Throughout June, geopolitical anxieties have been steadily rising as conflict ratchets up between China and India, Turkey and the Kurdish minority, and Iran and the United States—with Tehran going as far as issuing an international arrest warrant for the U.S. President.  

It’s time to get serious about hedging against systemic risk. 

Central bankers are taking notice of the strategic value of gold in these uncertain times. A June 12 survey found that 75% of central bankers expect the value of gold to increase this year, and 20% expect to increase national precious metals reserves.

There has never been a better time to diversify your portfolio with precious metals such as gold, silver, platinum, and palladium, or cryptocurrencies.

Crypto markets fell broadly during June following liquidations of over $78 million worth of long contracts. However, investor confidence remains high for July on the heels of news that the breakeven price to mine bitcoin may sink as low as $5,000 due to low Chinese electricity prices. 

If you’re interested in adding precious metals to your portfolio, you have to get it from a trusted source. 

Only days ago, 83 tons of counterfeit gold bars were reportedly seized in China. It turns out that one of China’s largest purported vendors of gold bullion was selling gold-plated copper, despite the company having been loaned over $2.8 billion in pure gold collateral from investors and banks over the past five years.

You have to protect yourself in today’s geopolitical, social, and economic climate. For a trusted source of authentic gold bullion, check out our reviews of highly vetted gold IRA companies.

Mark T.

Mark has worked in the investment industry in Chicago and New York for over 15 years. After graduating from Chicago State University with a degree in Finance, he has occupied various management positions at reputable banks and financial institutions, including: Chase, Bank of America, Wachovia, Sterling Trust and Fidelity. His experience has led him to develop a keen understanding of the current economic landscape. For the past 10 years, Mark has been working as an independent investment advisor and has helped many Americans learn how to protect and grow their savings by properly diversifying their portfolios.

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