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Reasons You Should Own Gold right now in 2022

 

• The War In Europe

Inflationary fears is spiking and panic has triggered a rush for safe haven investments during the ongoing market volatility that pushed up the global gold price to $2,000 per ounce in early March, 2022. Fears of supply shortages along with a robust demand for Precious Metals has kept prices higher.

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• Geopolitical Uncertainty
Gold holds its value not only in times of financial uncertainty, but in times of geopolitical uncertainty. Gold is the "crisis commodity," because people flee to its relative safety when world tensions rise- during such times, it often outperforms other investments. Gold prices often rise when confidence in governments is low. 

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• Weakness of the U.S. Dollar
Even though the U.S. dollar is one of the world's most valuable currencies, when the dollar value falls against other currencies as it did between 1998, 2008 and has been gradually weakening since 2020.That can prompt people to flock to the security of Gold. The price of gold nearly tripled between 1998 and 2008. Worried about the Stock Market in 2022? You should be.  Concerns of higher interest rates, supply chain snarls, rising inflation, gasoline and the lingering pandemic. Complicating those fears have been extremely shaky on Wall Street.

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• Increasing Demand
People need to diversify their savings with physical precious metals, including gold, silver, platinum and palladium. People can purchase for physical possession or they can rollover an eligible tax-deferred retirement account into a Precious Metals IRA - with zero tax implications or penalties.

• Inflation Hedge
Gold has historically been an outstanding hedge against inflation, because its price tends to RISE when the cost-of-living increases. The past 50 years investors have seen gold prices soar and the stock market plunge during high-inflation years. This is because when fiat currency loses its purchasing power to inflation. Gold is seen as an excellent source of value when US currency is losing value.

• Gold IRA - Rollover
By investing in a Gold IRA, you will diversify your retirement portfolio on a tax-deferred basis and maintain the tax preferential treatment. This means that transferring or rolling over a portion of your existing IRA account into a Gold IRA will not trigger any tax implications. Unlike a lot of Dividends, Capital Gains, Mutual Funds, 401(k), stock market gains, and even Annuities are taxed when receiving payments.

• Best Gold Company 
Birch Gold Group is a precious metals brokerage firm based in Burbank, California. Founded in 2003, Birch Gold Group serves clients throughout the U.S. by managing Gold IRAs or Precious Metals IRAs holding silver, platinum, or palladium, gold, or a combination of these metals. With hundreds of excellent reviews on Google and Trustpilot.