Is gold a safe way to protect yourself against inflation?

Economic news has been a rollercoaster ride for the better part of the decade.First, the pandemic sent prices soaring, then Bidenomics dumped money into the economy, and recently, the war in Iran has sent gas prices through the roof.Inflation in the U.S.

went from about 1.78% per year from 2010 to 2019 to 4.1% from 2020 to today.You don’t need an expert to tell you that inflation makes your money worth less, which is particularly hard for people on fixed incomes and savers with money in bonds and bank accounts.Fortunately, there is an answer.

Gold has been a store of value since time immemorial.In Ancient Egypt, gold was an essential element of trade and commerce, and was revered as a representation of the sun’s radiant power, the source of the king’s authority.Today, gold is widely perceived as a hedge against long-term inflation.

According to Luciano Duque, CEO at C3 Bullion, “In a high-debt, high-deficit environment, the case for trimming bonds to fund a 5 to 10% gold allocation is stronger than it has been in forty years.”Storing gold in your home safe is almost as old-fashioned as keeping money in the mattress.Gold IRAs are a tax-advantaged, modern way to protect your assets with gold’s enduring and eternal value.An experienced gold IRA provider like Lear Capital does all the work of setting up your IRA, providing you with IRS-compliant, high-quality gold, a trusted custodian and secure storage.

There are many companies that offer access to gold IRAs, and our guide to getting started as a gold investor is a good place to start your journey.With nearly 30 years of experience, Lear Capital provides a streamlined process for investors to diversify their retirement portfolios with physical precious metals.Lear is particularly well-suited for those who value clarity because they are one of the few major providers that proactively publish its fee schedule to help you avoid the “hidden costs” often associated with alternative assets.Their specializ...