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Gold vs Silver: Which is Better Investment for your retirement planning?

Gold has been a hot investment lately. Since early 2024, its price has climbed steadily, hitting a record of over $2,600 per ounce in September. Investors are flocking to gold for inflation protection and to capitalize on its rising value. But gold isn’t the only precious metal making waves.

Silver has also seen impressive gains, with prices reaching $32 per ounce recently. With both metals performing well, many investors are asking: Is gold or silver the better choice for my portfolio?

Is Gold better than Silver? 

Historically, both silver and gold have been used as excellent hedging tools in the face of black swan events, market crashes, and currency depreciation. In fact, they are also considered an effective inflationary tool.

But like most assets, both these metals have their boom and bust cycles. Regardless of any time period, it is important to consider the following while thinking about investing in gold vs silver.

Looking for Investing options, or planning for investing in Gold, Silver and other precious metals or planning retirement? Discover the typical 401k balance for a 65 year old and see how your savings stack up.

Did you know that the average retirement savings for Americans aged 55-64 is only around $144,000? That’s a startling fact considering the rising cost of living and increasing life expectancy. But what if you’ve managed to save $500,000 or more for retirement, in addition to your Social Security benefits? Is it possible to retire comfortably with this amount?

We can explore the question of whether it is possible to retire comfortably with $500,000 plus Social Security benefits. We will discuss strategies for retirement planning and ways to maximize your retirement income, ensuring you make the most of your hard-earned savings.

U.S. dollar will face its greatest challenge

BRICS (an acronym for Brazil, Russia, India, China and South Africa) have welcomed a number of
emerging economies to join their coalition, notably Iran, Indonesia and the United Arab Emirates. The
BRICS alliance has grown significantly in wealth and industrial power to rival the U.S. It now
represents:

  • Half the world’s population
  • Half of the global industrial capacity
  • The majority of global resources (1/3
    of global oil and natural gas reserves,
    half the world’s food supply)

And at this meeting, their plans of resetting the global financial system will become clear to the world…

Why you should diversify your investment to Gold & Silver?

BRICS nations are challenging the dollar’s dominance for two main reasons: devaluation and weaponization. As the dollar continues to lose purchasing power – while the U.S. government increasingly uses financial sanctions to punish other countries – BRICS has decided, enough is enough.

Subsequently, they’ve spent the last decade setting up a 21st century global financial system based on the post-World War II structure designed and dominated by the U.S. One that’s completely independent of the U.S. dollar. This effort is hidden in plain sight under unassuming names like the
Partnership for the New Industrial Revolution and the 2030 Strategy for the BRICS Economic Partnership. BRICS nations have already assembled the major pieces of their own financial system, including:

  • BRICS Pay: An alternative international payment system for trade between nations, reliant on a Decentralized Cross-border Messaging System (DCMS) rather than SWIFT
  • Cross-Border Interbank Payment System (CIPS): Allows any member nations to transact directly, bypassing the dollar as an intermediate currency
  • mBridge: A digital exchange to settle international trade imbalances using tokenized gold
  • New Development Bank: A BRICS-aligned alternative to the World Bank and International Monetary Fund
  • Contingent Reserve Fund: A currency reserve to shelter BRICS against global liquidity pressures
  • Bilateral trade agreements: Arrangements made between two nations to buy and sell in their local currencies instead of dollars
  • Currency exchange agreements: Pacts made between central banks to provide liquidity and currency support in financial emergencies (The People’s Bank of China has these contracts in place with at least 40 other nations’ central banks)
  • Central bank gold reserves: BRICS nations have all increased their central bank gold stockpiles, using gold as both a dollar alternative and a monetary asset

During times of economic and political uncertainty, one type of asset has been prized above all others for its value, inflation resistance, privacy and portability: physical precious metals.

Gold remains the timeless and universal alternative currency.

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