Recently, we released our 2022 Global Gold Forecast, a compilation of data about gold’s recent performance and information regarding market forces that may impact gold’s upside potential in 2022. In preparing this special report, I found that it became clearer than ever to me how important a role gold plays in our portfolios and why gold stands out in the history books as a popular form of generational wealth.
This got me thinking: As we enter the holiday season, many of us find ourselves searching for the perfect gift. Speaking from experience, I know that finding great gifts becomes even more challenging when it comes to kids who are constantly growing and changing. But I appreciate the challenge, and thanks to my time here at U.S. Money Reserve, I’ve learned that gold or silver often ticks all the boxes I’m looking for in a perfect gift—something personal that will last and may even be useful down the road.
Gold is timeless, making it a powerful form of generational wealth.
There’s no denying that we live in a digital age. From our entertainment to our banking, much of our world is made up of ones and zeroes. But some things in this world are still not only physical, but also timeless. And one of those things is gold.
Gold’s use in jewelry goes back as far as 5000 B.C. Malleable and resistant to corrosion, gold quickly became a symbol of power and immortality that could be crafted into jewelry and works of art. We’ve been actively mining gold since around 2000 B.C., and in 550 A.D., the first gold coins were minted in Lydia (now western Turkey). Ever since, gold coins have been a form of generational wealth, passed down from parents to children as both status symbols and as forms of financial security.
Today, gold coins can be purchased in a variety of designs, weights, sizes, and finishes. And since legal-tender gold coins are struck with dates on them, they can become important personal or family mementos that represent a specific time in a person’s life—because they bear either the date the coin was given or perhaps a date of personal importance such as a birth, wedding, or graduation. The variety of gold coins available allows you to find just the right coin or coins for the special people in your lives.
Gold’s nature as a physical, tangible asset is an important part of why it has lasted for so many generations as a way for individuals to pass along their personal wealth. Time and again, we hear from clients about how they enjoy using physical gold to help create a legacy that their children or grandchildren can literally hold in their hands.
Gold allows you to create a useful legacy that can last generations.
As we’ve written many times in Gold News & Views, gold is often used to help reduce overall risk exposure in paper asset–based portfolios. Gold has also historically been seen as a hedge against inflation and economic or political uncertainty. This is another one of gold’s strengths as a form of generational wealth. When you pass on physical gold to your heirs, you’re helping them diversify their own portfolios with something other than paper assets like cash or stocks
Gold is a time-tested store of wealth that we’ve been using as a form of money for thousands of years. It can become a cherished family heirloom while simultaneously diversifying a portfolio. It is a historic form of generational wealth often viewed as a hedge against inflation and market volatility. In a word, gold is timeless.
As I search for Christmas gifts for my own kids, I hope to find things that can create fond memories while also helping them in the future. If you find yourself in a similar search, you may wish to consider gold.
Call U.S. Money Reserve today to learn more about giving the gift of gold and to receive your FREE copy of our 2022 Global Gold Forecast.