These are dangerous times…
If you’ve listened to the news at all in the past two days, you know the stock market posted its worst day of the year on Aug. 5.
For months now, the trade war between the U.S. and China has hinted at the possibility of a currency war. And the Trump administration has just accused Beijing of manipulating the renminbi, the currency of China.
China, of course, denies being a currency manipulator.
This escalating clash is putting the world economy on the brink. And whatever happens next, the trade war most likely won’t be constrained to just trade.
You see when it comes to warfare, we’re privileged to live in one of the safest countries on Earth. Protected by two great oceans, with friends (for the moment) to our north and south, ordinary Americans are unlikely to face physical carnage in the event of war.
But financial carnage — that’s another thing. If we have any substantial shock, business, trade and currencies are all racing to the bottom.
I wish I didn’t have to say this. I’m by nature an optimist. But the truth is one way or another, the global economy is about to hit the skids.
You don’t have to go down with the ship.
There are many safe harbors — in the form of non-correlated, tangible assets — that can afford protection. You’ve just got to get into them.
One investment in particular has proved a safe haven in troubled eras time and time again. It jumped 321% during the inflation crisis from 1975–80. It tripled in value during the Great Depression.
During the hottest phase of America’s wars in the Middle East — which I’m loosely labeling 2001–10 — this asset shot up 414%!
But that, in the grand scheme, was a fairly minor military movement. During WWII, for instance, holding this asset could quite literally have been the difference between life and death as all businesses turned to the war effort and currencies crashed.
You might be able to guess what I’m talking about today. For millennia, this asset has proved a safe haven when economies fall apart.
Indeed, when things get bad enough and paper currency loses all value, this asset’s value skyrockets.
I’m talking, of course, about gold.
The Yellow Savior
It’s easy to forget how good we’ve got it. Even in the worst of the 2008 financial crisis, few Americans were homeless and starving the way they were during the Great Depression.
But the ability of government to alleviate the next major economic disaster is maxed out. And this next disaster is going to remind us all what real pain looks like…
We’re going to see people who can’t afford basic medical care dying. We’ll see Americans on the street starving.
And the U.S. will be in better shape than almost everywhere else — which isn’t saying much.
Which is why it’s critical to diversify your wealth into hard assets like gold.
According to Edward Moya, senior market analyst, “This trade spat is going away no time soon.” Which is why interest in gold has picked up — it hit a six-year high on Monday as investors turned to it as a safe haven of value.
I can’t think of any other asset class that has a 5,000-year track record of providing a port in the storm for the world’s wealthiest people.
And when faced with a future of uncertainty, I’d rather put my faith into something with a proven track record — hard assets like precious metals — than something without one.
It’s why central banks around the world are stockpiling it in droves…
It’s why billionaires like Hank Paulson, Ray Dalio and George Soros are too…
And if the world’s wealthiest and most powerful people, families and organizations are all investing in precious metals, it’s a sign you should too.
If you haven’t already, apply for a FREE SmartMetals account with our partners at Hard Assets Alliance. They provide a fast, easy and safe way for people who want to buy, store and sell physical precious metals.
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There is a network of dealers bidding for your business behind the scenes — which means you not only get the highest-quality gold, silver, platinum or palladium, but also get highly competitive pricing. You don’t have to haggle (or price shop) across multiple websites or local dealers.
Better yet, if you ever decide to sell your precious metals, you get access to that same network of dealers — who will also compete to buy your metals at the best prices.
This is the true advantage you get with Hard Assets Alliance.
So with gold on a tear — and uncertainty on the horizon — open your FREE SmartMetals account today.
Publisher, Unconventional Wealth
P.S. There is absolutely no cost to open your SmartMetals account. And no obligation to buy anything once you’ve opened it. You can choose to use the Hard Assets Alliance end-to-end platform to buy, store and sell all of your precious metals. Or, if you’d like to take delivery, simply pay shipping. All you need to do is click here to open your free SmartMetals account today.
Adam Markley is the publisher of Unconventional Wealth and the financial strategy director for Agora Financial. In his career, he’s been involved with or touched nearly 500 businesses across a wide range of industries. Which means he’s seen plenty of what works — and more of what doesn’t.
An avid traveler, Adam has been outside...