7 Reasons Seniors Will Invest in 1 Ounce Gold Bars in May

As persistent inflation and other factors continue to impact the economy, the gold market is hot, attracting investors’ attention again. After hovering just above $2,100 an ounce throughout March, gold spot price now sits comfortably above $2,300 per ounce (as of April 30, 2024).

And like the price of gold ticked up in recent weeks, it has hit a few new records along the way. At one point, the price of gold was hovering just under $2,400 an ounceattracting a new wave of investors eager to capitalize on the gold price movement while earning a safe haven in a context of market volatility.

If you want to jump on the gold investing bandwagon, there are plenty of assets to choose from, including gold ingots, gold stocks, gold exchange traded funds (ETFs), Gold Individual Retirement Accounts (IRAs) and even split gold coins and jewelry. But if you are a senior citizen ready to capitalize on the benefits of gold investment, add 1 oz gold bars to your wallet right now could make a lot of sense.

Learn more about the many benefits of buying gold here.

7 Reasons Seniors Will Invest in 1 Ounce Gold Bars in May

Here are some compelling reasons why seniors should consider investing in 1 ounce gold bars in today’s economic climate:

To protect against inflation with a fixed income

The current inflationary environment is putting a strain on the finances of many households, and this may be especially true for those who are retired or soon to be retired. After all, the primary sources of income for many older adults are fixed streams like Social Security benefits, pensions, and investment withdrawals. And as consumer prices rise, the purchasing power of these fixed incomes erodes.

But physical gold has historically retained its value very good in times of high inflation, unlike cash, which is generally devalued. So owning one ounce gold bars can protect yourself against this loss of purchasing power, ensuring that older people can still afford the same goods and services that their fixed incomes could previously purchase.

Find out what your best gold investment options are today.

Gain liquidity without tying up a lot of capital

The gold bars are arriving a range of weights, but making larger investments in gold, like bars or 400-ounce coins, can require enormous amounts of capital that most seniors simply don’t have. In contrast, many 1-ounce gold bars are currently priced slightly above the spot price of gold, allowing investors to gain exposure to gold without requiring a prohibitive lump-sum investment.

And if cash is needed in the future, one ounce bars offer superior liquidity relatively. This can be beneficial for older adults, who may sometimes need to liquidate their assets to cover unexpected bills or free up more money for expenses as the cost of living increases.

For diversification outside of stocks and bonds

Many seniors’ investment portfolios are largely comprised of stocks, bonds, mutual funds, and other paper assets. But too much concentration on a single asset class increases risk. Adding an alternative, uncorrelated material asset can help diversify assets and balancing risks, which is particularly crucial for retirees looking to preserve their capital. And physical gold is a great asset to consider for this purpose, because the price of gold has a low correlation with stocks and bonds, which contributes to provide diversification benefits.

For tangible property transferable to heirs

For seniors who want to leave a legacy, it’s easier to pass on tangible assets rather than just paper stocks and funds. And physical one ounce gold bars can be stored privately and securely, providing a valuable store of wealth to distribute to heirs upon death. This tangibility can also help ensure that sustainable value is properly transferred.

To acquire an easily divisible asset

Although it may be difficult to sell, give away or split a large gold bar, owning several 1 ounce bars allows easy divisibility. For example, older people may need to sell their gold periodically to gain access to more liquidity, but this may be difficult to do with large, high-value gold bars because the pool of buyers is smaller.

But 1 oz gold bars are more affordable and are in high demand, so seniors who opt for one-ounce bars can sell them quickly – and without having to worry about selling portions of a larger bar, as that can take longer and result in higher premiums.

For the possibility of future price appreciation

Although the price of gold can be volatile in the short term, the value of gold has always been on an upward trend, confirming its role as a reliable value in the long term. store of wealth. Although the upside potential of a single small one-ounce bar may be limited for seniors with modest capital, collective ownership of multiple bars allows investors to gain affordable exposure at any price. what a bar. future price appreciation on the gold market.

And, with current gold prices on an upward trajectory – coupled with expectations that the price of gold could continue to climb throughout 2024 – this could be the perfect time for senior investors to take advantage of the opportunity to make a fairly quick profit.

For simple purchasing options

For many seniors, purchasing investments solely through brokerages and online platforms can be intimidating, especially for those who are not tech-savvy. But one ounce gold bars have the advantage of being widely available in local stores, long-time coin dealers that seniors can visit in person. This face-to-face process removes the complexities of digital investing for those less familiar with it. And there are many good ones online gold dealers also worth considering for those who are less reluctant to navigate gold purchases on a digital platform.

The essential

In today’s climate of stubborn inflation and market uncertainty, adding 1 ounce gold bars to one’s portfolio allows seniors to tick off several key investment goals. These gold bars can serve as an affordable hedge against inflation, portfolio diversification, and an easy way to transfer lasting wealth, all prudent considerations for retirees. And their compact, divisible nature meets the needs of those with modest capital looking to participate in gold’s historic rise. These benefits, coupled with the recent surge in gold prices and its historic role as a safe haven, indicate that now may be a good time for seniors to consider adding these compact bars to their investment portfolios. .