Conceptual image with stacks of silver and gold coins next to a graph showing a sharply declining stock market.
The worst beginning of the year for equities since 1970? The worst year for bonds since 1842? Again, anyone who’s familiar with economic history could have predicted these.
Who could have expected the Russian invasion of Ukraine, and the west’s retaliatory sanctions that crushed global energy markets? The Omicron variation of Covid, and China’s nationwide lockdown in response? The UK’s month-long Liz Truss administration and the return of bond vigilantes? The euro plummeting to parity with the US dollar (and the pound sterling almost doing the same)?
Last year was a busy one. Those who diversified their savings with precious metals a year ago are probably patting themselves on the back right now.
In 2022, gold outperformed stocks by 20.4% and beat bonds by 16%. Silver did even better, up nearly 4.5% more than gold.
Many fear that they missed out by not buying gold a year ago, but they likely haven’t missed out at all. Here are the top five reasons you should consider buying gold right now, especially if you aren’t already diversified with physical precious metals:
1. There’s no soft landing ahead.
2. Because the world’s central banks are.
3. Twenty consecutive months of prices outpacing wages.
4. The growing national debt is already unmanageable.
