Why Wealthy Americans Choose to Buy Gold
Part 1: Economic Turmoil
Joe and Jamie Smith have $100,000 saved for their retirement. They also distrust an economy with the Democratic Party in power.
Under the Biden administration, the United States faces unprecedented economic turmoil. The national debt hit the historically high ceiling of $31 trillion. The government is taking so-called “extraordinary measures” to pay off its bills; if this last-ditch effort fails, the country will default on its debt for the first time in U.S history.
These “extraordinary measures” feel vague and alarming to fiscally responsible Americans. Joe and Jamie Smith fear the value of their retirement may plummet under an economy with runaway inflation—or worse: Could it be confiscated completely? They want to protect their money and diversify into physical metals. Why place all of your eggs in one basket? The Smiths won’t let their future hang on a slim reed of chance under the current volatile economy. Instead, rather than placing all of their retirement in a single financial institution, the Smiths elected to diversify into gold….