If I were going to get into Gold, I wouldn’t even consider having a “Gold Certificate”. lol
That ain’t Gold. (they can burn in a fire too)
I would want REAL Gold, IN HAND. (or safe)
My point exactly.
The stocks, bonds and annuities were fed for decades by the 401(k)funds that were being pumped in for every month as the 401(k)s really had nowhere else to put ‘your’ money as an investment. Now the ‘investors’ are being downsized right and left and they want/need their money. Taking away the money decreases the values in all of those things that were ‘invested’ in.
It’s like a Ponzi scheme in a way, first-in and the first-out make money and a profit. The late-comers are the ones who get screwed.
Exactly what I was thinking.
The workforce participation rate is going through the basement, wages are either decreasing or stagnant while the costs of living is going through the roof, with those that DO have jobs living basically paycheck-to-paycheck - not saving a dime.
The future doesn’t look good at ALL for all of those retirement funds. The only people that are going to be well off are those which are cashing out RIGHT damn NOW!