In recent years, especially after the financial market collapsed, people have been investing in precious metals as a hedge against inflation. After the crash in 2008, prices of precious metals skyrocketed and investors who kept a portion of their fiat in metals, saw great returns.
But is that still the case today?
We talked to Rob from Mineweb.net and here is what he had to say:
Gold and silver are still a great way to protect yourself from inflation and your money becoming worthless. Although it is not as popular as it was a couple of year ago, people, especially baby boomers are investing in gold&silver IRAs to protect their life savings.
Another way to go about it is to buy precious metals as a form of investment and then create a passive income from the assets you hold. This strategy is not very well known, but the principles behind it are pretty simple. You can learn more about it in this article.
So if your are looking for alternative investment tips and considering a gold IRA, visit mineweb.net for more information, before you decide to invest.