How to Build Your Gold Portfolio | The Gold Standard 2301

https://www.midasgoldgroup.com/

Building your gold portfolio begins with learning about the precious metals market. Many investors don’t realize the importance of physically owning precious metals. Some think they can better leverage their position by buying mining stocks. Others consider futures contracts or ETFs as good as owning physical gold. That’s what the Gold Standard series is all about.

In this, our first episode of the year, we talk about how to build your gold portfolio. We begin the conversation by reviewing some of the more glaring warning signs that prompted many to move their cash reserves and paper investments to the security of gold and silver.

The perfect financial storm often discussed in this program has been building for decades. We are teetering on the edge of economic disaster, and we’ve been perched there for a few years now. The constant spending, money printing unfunded liabilities, and poor planning of our leaders continue to push the whole country in unsustainable and reckless ways. It feels like we’re in the eye of the hurricane.

How much more money printing and deficit increases can we endure before something gives? We’re already walking a dangerous tightrope between the strangling effects of hyperinflation and rate hikes.

Gold remains the most highly regarded hedge against many kinds of disruption. It preserves your purchasing power and protects against inflation, economic upheaval, and war. Over the long haul, there is nothing like gold for reliability and resilience.

A historic $1.7 trillion spending bill passes just in time to avoid another government shutdown. Ken describes just a few pieces of a sprawling piece of legislation. The 2023 spending bill includes so many things that it is called the “omnibus bill.” It’s time to start warming up the money-printing machines.

Investors accustomed to trading stocks and bonds online can feel out of their element purchasing physical gold. Deal with a reputable precious metal dealer you can trust. Ideally, one who takes the time to listen to your situation, understand your goals, and ensure you’re equipped with the right information.

We discuss how the Midas Gold Group clients move their paper assets into tangible investments like gold and silver.

The gold market is unusual. People who hold gold can quickly sell it with minimal market impact. The gold market is thin. The volume of gold trading relative to the total volume of gold is small. Thin markets are not usually liquid. Gold is not a deep market in volume, but people are always willing to buy or sell precious metal. People who hold gold do not usually want to make quick trades like so many stock and currency investors.

A good thing to remember is that easy liquidity can vanish instantly during a buying panic. If millions suddenly jump to buy gold, long-term holders could refuse to sell even at high prices. “Higher” spot prices of gold could represent a lack of confidence in the US dollar. In such a scenario, no amount of paper currency would pry gold out of those who want to keep it. Today, we already have the prime ingredients that could lead to panic buying.

The tendency is for people to jump on the bandwagon but don’t try to time a buying panic situation. It’ll be too late when a buying panic is visible. Most people will not be able to get physical gold, not because of price but because of no availability.

The Gold Australian Swan is highly sought after by collectors. The Swan is the icon of Western Australia and the namesake of the Perth Mint’s latest series of world-class bullion coins. The Perth Mint debuted the Swan series in 2017, and they only make about 5,000 a year. The reverse displays various swan designs, much like the Mint’s earlier Kangaroo series. The 2017 original design shows an elegant mother swan skimming across calm waters. The detail is exquisite: the water’s ripple texture reaches well above the coin’s border.

The new version of the Gold Australian Swan showcases the classic profile of Queen Elizabeth by Sir Ian-Rank Broadley on the obverse of the coin.

The Swan is an iconic species synonymous with the Perth Mint itself, even appearing in the Mint’s logo. Founded in 1829 on the shores of the Swan River, the original colony in the territory was called Swan River Colony, the location of which is now Perth. The Perth Mint’s operations are in the heart of Perth, the capital and largest city of Western Australia. The Australian Gold Swan coin is IRA-eligible.
______________________________________________________________________________

Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/
Gold IRA: https://www.midasgoldgroup.com/gold-ira/
Invest in Gold: https://www.midasgoldgroup.com/buy-gold/
Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/
Read the latest precious metals news: https://www.midasgoldgroup.com/news/