You will feel guilty at first, but the second you accept that there is a silver lining to this pandemic grey cloud, the better you will be financially.
There’s always money to be made coming out of a recession. Not many people realize, that is exactly what we’re in right now.
We are facing a recession that could make the crash of 2007, look like a walk in the park.
With the economy on lockdown, you would think that you should hold onto your purse strings a little tighter. But, no, that isn’t your best option.
You must look to invest in places that will lead the recovery, as prices are low only for a short window.
It cannot be overstated how many top financial experts are screaming to the hills, about the rise of gold.
Gold has always been a long-term safe haven for ‘smart money’. It looks as if it will only keep rising in price.
At the beginning of the year, it was around $1,300 per ounce. Currently, it’s sitting at just under $1,600.
No big deal right? Wrong. It’s a major deal because ever since the Nixon Shock in 1971, gold has been sidelined.
Why is it making a comeback? The world simply has too much leverage. The debt is spiraling out of control. The US debt-to-GDP ratio is a scary 118% and rising weekly.
Gold is being touted by experts like Jeffrey Gundlach and famous economic analyst Peter Schiff, who predicted the 2007 crash.
There’s a lot of talk that gold will rise to $2,000 per ounce before the end of the year and if it does, it won’t be returning to under that price for a few years. Get in now, while you still can!
It’s not a FAD
The FED is pumping money into the system and this has many people worried. Flashbacks of the Zimbabwean inflation crash, are making investors twitchy in their seats.
The FED is set to print $3 trillion to combat the Coronavirus shock. This stimulus package doesn’t have a cap set to it, meaning it could increase if the FED chooses.
As ever, investors have been trying to find a safe rock to crawl under and one of them is cryptocurrency.
Swyftx is one of Australia’s most popular platforms and it’s ease of use, super-fast verification, and real-time updates of markets make it easy for anyone to invest in cryptos around the world.
All you need first, is some form of ID, a verified email address, and phone number and off you go.
The platform also uses BPay, which has high limits and same-day crediting. With over a billion dollars in liquidity, you are encouraged to invest in multiple cryptocurrencies to spread your risk wisely.
Gold is the comeback kid, the investor’s ultimate long-term haven. Buy a few ounces while you can before it turns into a roaring blaze.
You should be investing in different cryptocurrencies as global debt in fiat currency continues to rise unabated.