Gold bars and coins can be a wise addition to your investment portfolio if you're a senior — especially in these times.
Gold has an inverse relationship with the U.S. dollar. That means when the dollar is weak, gold prices tend to rise, and vice versa. This presents an excellent opportunity for seniors to buy gold bars and coins as a way to preserve their purchasing power at a time in their lives when their income may be limited.Inflation can erode the value of your investments, including stocks and bonds.
, retaining its power if not becoming more valuable as other assets decline. As a result, buying gold bars and coins while inflation is high can help you hang onto more of your hard-earned investment dollars.
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