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.