Have you ever heard the saying, “Take Care of Your Money, and Your Money Will Take Care of You?” Recently it made international news about the massive coin shortage in America. When businesses shutdown nationwide to help curb the spread of coronavirus, they had another unexpected side effect. Suddenly, cash, particularly coins, were not flowing as they normally would have. Without the ability to make change for patrons, many retailers began insisting on debit or credit payments only.
According to The Washington Post, Federal Reserve Chairman Jerome Powell explained that these shutdowns affected the normal flow of cash and coins. Another facet is that people began fearing COVID-19 transmission through making contact with money. While handling money has been shown to be generally safe, this blip in cash flows is now causing a massive coin shortage across the country.
Keeping your coin jars full is one way to go about preventing the loss of a cash-based society. However, if you want to preserve your financial future, there seems to be a smarter solution, one that can pay off big later.
How Americans Can Dig into Wealth Preservation and Growth Right Now
The answer lies in purchasing silver and gold bullion. Precious metals retain their value and become even more prized down the lines. One of the biggest reasons to start buying up silver and gold bullion today is that you get to keep what you have earned and saved intact no matter what happens to the fallout from the cash shortages.
Additionally, should the cash flow resume to normal status, your savings over time gets hit with inflation and taxation. Buying gold and silver keeps you from losing what you’ve worked so hard to save for your entire life. It’s something you can control and that can’t be frozen, tracked, seized, or traced from the government.
According to Charles Stevens, President GMRGold - one of the country’s fastest growing precious metals firms, there has been a 200% increase in orders since the COVID-19 pandemic started. He doesn’t see things slowing down anytime soon. He states, “customers are literally lined up around the corner trying to buy as much gold and silver as they can. We are blessed to have enough inventory to deliver, but groups like ours are few and far between.”
There are also future profits and purchasing power expansions involved when you buy silver and gold bullion. Should you buy and hold today, later on you can sell this asset down the line for its real worth or more. Plus, there’s more control in your hands as to what you wish to do with it. For example, you can reserve it for an emergency, or use this asset for private transfer to your benefactors without engaging in tedious legal paperwork and proceedings.
And Then There’s The Diversification Angle
Financial experts use Worldwide Bullion News on a regular basis to monitor the precious metals markets. This is where they see what gold, silver, and precious metals are doing. It seems to be the go-to spot for up to the minute news on the precious metals markets.
We also uncovered other options for easily buying precious metals that should have big payouts later down the line. They can help you prepare for an uncertain future and keep your savings intact for yourself in the future, or to leave to loved ones someday when you’re gone. One option that really simplifies the process of investing in gold and silver coins is a monthly subscription box. You can get a BullionBox subscription of curated coins each month. There are a variety of package levels and each box tends to include things like gold and silver coins, rounds, bars, and fractional pieces. There may even be commemorative pieces and specialty items.
Here’s Why I’m a Believer!
When cash and coin flow go into shortages, so too will gold and silver coins. If you have them, then you will be among the lucky ones set to go for a strong financial future. They will only become more precious and coveted and you’ll be set for life when you plan ahead for these shortages today. I started buying as I was researching and writing this article. I’m putting my money where my mouth is.
Don’t wait for the economy to completely tank. Make your move to silver and gold today!
Written by: Johnathan Jackson-Jones