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Consider Keeping Your Savings in Gold Coins & Bars

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Consider Keeping Your Savings in Gold Coins & Bars

Have you ever considered keeping your savings in gold coins and gold bars versus a savings account?

With most banks paying a fraction of 1% in interest, you’re losing about 4% a year to inflation. Using the Rule of 72, if you’re losing 4% a year to inflation, your spending power will be cut in half in only 18 years. This could be absolutely devastating – especially if you’re on a fixed income. Not only are you losing buying power due to the ravaging effects of inflation, but you also run the risk of your bank potentially collapsing, as we’ve seen in recent months.

Gold, on the other hand, has earned a compound return of approximately 8% since 1971, the year the U.S. was taken off the gold standard. While we’ve seen some fluctuation in the price over the past 52 years, it has served well as an inflation hedge and against a depreciating currency. In fact, gold has outpaced inflation over this time, providing you with a real return, even when factoring in taxes on the sale of gold.Gold_Bar_Size_Comparisons

Considering that the national debt just surpassed $32 trillion, we’re running annual deficits of over $1 trillion, central bank digital currencies are being introduced, the rest of the world is moving away from the dollar and inflation remains stubbornly high, keeping at least a portion of your dry powder in physical gold and silver seems to be a wise investment.

Give us a call or email if we can help fulfill any of your precious metal investment or selling needs!

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Tony Davis
Tony Davis is the owner of Atlanta Gold & Coin Buyers, a full service Atlanta based coin and bullion dealer specializing in buying, selling and appraising coins and coin collections of all types and sizes. Tony frequently writes on various economic and numismatic related topics affecting the coin and bullion markets and has been published on some of the industry’s leading websites, including Coin Week, the American Numismatic Association, Coin Collector, Coinflation, and Coin Auctions Help, just to name a few. Visit Atlanta Gold & Coin’s website at atlantagoldandcoin.com to obtain additional information on the products, services and educational resources offered by his company. Tony can be reached at sales@atlantagoldandcoin.com or at 404-236-9744

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