Gold Offers Protection Against Inflation

Between rising interest rates, the recent BRICS' Summit in South Africa, and uncertainty in the economy, many Economists are predicting the the price of gold will increase.

Multiple rate-hikes by the U.S. Federal Reserve has raised deposit costs at banks. The interest rate hikes make borrowing more expensive for banks that are looking to shake off the effects of the crisis from earlier this year, when the collapse of Silicon Valley Bank and Signature Bank led to a loss of confidence and a run-on deposits at several regional lenders. A recent J.D. Power survey also found that 51% of Americans are not paying off their entire credit card balances each month, and instead accruing interest, according to their annual survey.

Gold can offer your portfolio much needed diversity and protection. Patriot Gold Group is the number one Gold IRA dealer in the United States, with more than 50 years of experience being an industry leader in the field of precious metal investments. They offer no fee’s for life on gold and silver IRA’s. visit www.patriotgoldgroup.com for more information.