Is gold a good investment during a recession?<\/p>\r\n
Investing in and buying gold during a recession is especially good for two reasons. Partly, it’s because of what happens to gold prices in a recession. During a recession, the price, rates, and value of gold increases. Gold has increased in most economic recessions in history.<\/p>\r\n
Should you buy gold during a recession? How about afterward? Should you at all? Here’s what you need to know about investing in gold to prepare.<\/p>\r\n
Preparing financially is the most important prepping you could ever do in life, except staying healthy. Investing is great as it gives us what Archimedes said so perfectly,<\/p>\r\n
“Give me a lever long enough and I’ll move the world” – Archimedes<\/em><\/p>\r\n Investing gives us leverage over time, our most scarce resource. We can take the money we earn and invest it, like sending soldiers out to fight for us. But money doesn’t get tired like soldiers will. So where are we going to invest it?<\/p>\r\n In our last post, you learned 10 of the best uses for gold<\/a>. In this financial preparedness guide, we talk about investing in gold during a recession for long-term financial survival.<\/p>\r\n Have you heard about what’s been happening in Venezuela? The United States is not immune to these events. They happened before. They will happen again. Only this time, it will be worse.<\/p>\r\n