Question: Is gold or silver a good Investment Strategy for Your Retirement Portfolio?
Rezny Wealth Management is not a big believer in gold and silver as an investment. Their use as a recession “safety net” is not currently valid because small investors are the only driving factor for the current upward trend of the price. Gold and silver are not quality long-term investment vehicles, period… There is a higher risk with no true value and there is no way to earn a revenue stream from it.
Gold and silver are typically a hedge against inflation, which we are not currently seeing, nor do we see happening in the next 3-5 years. If you currently own gold and/or silver, you are a speculator and you better have a selling strategy when the value drops 20-30 percent in one day, which could very well happen; history has shown it. Gold and silver may be useful in the future but now is NOT the time.
Another mistake investors are making is being invested overseas. The US is the ONLY place you should be invested at this time.
Remember: Fee-only fiduciary money management firms are the ONLY kind of firms that you should entrust with your money. If you have an investment portfolio of $500,000 and greater now is the perfect time to give us a call. Our current minimum investment portfolio of $500,000 will be increasing to $1 million in 2021! Don’t miss out on the opportunity for REAL advice and REAL money management from a fee-only fiduciary firm with over 30 years of experience.
Rezny Wealth Management; where honesty, integrity, compassion, and competence meet your investment and retirement needs. That’s the Rezny Wealth Difference.