Generational wealth, family wealth, multi-generational wealth, and legacy wealth are all terms for something that can be passed down from one generation to another. Generational wealth takes many forms but in modern times,
What Is Generational Wealth?- Video Transcription
Coy Wells: 00:00
What is generational wealth? Generational wealth, also called family wealth or multi-generational wealth or legacy wealth is wealth that is passed down from one generation to another. Now, generational wealth takes on many forms. It can be in the form of traditions and it can be an heirlooms or even biology or even good genes. But typically when people talk about generational wealth, they're talking about financial wealth that can be passed down to the next generation. So let's talk about gold for just a second. According to the U.S. Debt clock, the current true value of gold in relation to the United States dollar, is now sitting at around $5,608 per ounce, and that's reported by the Federal Reserve. The current spot price of gold is $1,281 per ounce. This ratio makes gold a four fold return on your investment. Therefore, gold is a true undervalued asset worthy of putting your money into. It has been undervalued since the United States abandoned the gold standard around 1971. Thus, gold has been an undervalued asset for a long, and a positive trend over the course of time.
Coy Wells: 01:06
It's important for you to understand the concept that you should revise your investments and your strategy to reevaluate your investment portfolio. With that being said, I'll leave you with this question: With the United States national debt, now well over $22 trillion and growing, will the dollar buy you more in the future or is it going to have the ability to buy us less? And in the future, will taxes be higher or are they going to be lower? So if you intend on handing down generational wealth and creating a position for your family to have the abilities to survive and not lose the position that it stands today, you need to start to consider gold. If you'd like to get more information on how to protect your assets for generational wealth, you can pick up U.S. Money Reserve's latest Gold Kit. So please, click on the link below or call the number on your screen to get your copy. If you find this information useful, we encourage you to like and share this video. If you're watching us from YouTube, subscribe to our channel so you don't miss a single episode. I'm U.S. Money Reserve's, Coy Wells, and as always, thank you for watching Market Insights.