Gold and War
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Gold and War or times of uncertainty affect your investments.
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Have you looked at your 401k recently? If you have then you already know. If you haven’t, then you will be sadly disappointed. We are in times of uncertainty and saving your hard-earned dollars is a risky business.
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Gold does not fear War.
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The Iranian Revolution of 1978, the Iran-Iraq war of 1979, the Soviet Union’s invasion of Afghanistan in December 1979, and the Iranian hostage crisis all occurred in the late 1970s. Gold prices increased by 23% in 1977, 37% in 1978, and a whopping 126 percent in 1979.
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Gold prices jumped again during the first Gulf War when Iraq invaded Kuwait in 1990.
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Furthermore, Gold prices soared after the terrorist attacks on September 11, 2001. Following this, the United States invaded Iraq in 2003. Gold prices also rose as a result of this.
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More recently, Gold climbed above $2,000 an ounce in early March 2022 after Russia invaded Ukraine.
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When your stock investments start to tumble in the ‘current events drama’, you feel uncertain… move your hard-earned dollars into commodities. More specifically, Gold. You can keep it, OR barter with it for other commodities such as… food.
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Smart Investors will shift some of their portfolios toward gold and other precious metals.
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May 3 (Reuters) – Gold prices are expected to hold firm this quarter as investors seek refuge from soaring inflation and risks such as the Ukraine war
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Gold is traditionally seen as a safe place to invest during times of financial and economic uncertainty. Therefore, the smart choice is Gold. Look at your 401k and thank us later. It’s a gold-buying fact.
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Bottom line
Remember the Rule: During times of uncertainty or war, base commodities rise in value
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