Month: April 2020

Watch and listen to learn more about 3-high profile coin redesigns in America

3 High-Profile Coin Redesigns in America

Narrator (00:13):
The 1907 Double Eagle Gold Coin. In 1904, President Theodore Roosevelt, feeling that the current American coinage lacked artistic merit, asked U.S. Mint Director George Roberts to commission friend and sculptor, Augustus Saint-Gaudens, to redesign coins that could be changed without congressional approval. The most famous and spectacular coin to emerge from Saint-Gaudens work was the Double Eagle Gold Coin, a $20 gold piece that debuted in 1907. It’s hailed as the most beautiful U.S. coin ever minted. The mint issued the Ultra High Relief Double Eagle in 2009 to bring Saint-Gaudens full and masterful design to life. This feat wasn’t previously possible due to limitations and minting technology.

Narrator (01:01):
The 1964 Kennedy Half Dollar. Within hours of the assassination of President John F. Kennedy, Mint Director Ava Adams phoned Chief and Graver Gilroy Roberts, informing him that consideration was being given to depicting Kennedy on one of the larger U.S. silver coins. Five days later, Adams called Roberts again and authorized the project, explaining that Jacqueline Kennedy preferred that her husband be depicted on the half dollar. First minted in 1964, the Kennedy Half Dollar, designed by Roberts and his successor, Frank Gusborrow, is still produced today. The original Kennedy Half Dollar contained 90% silver, with the silver content falling to 40% in 1965 and zero in 1971.

Narrator (01:51):
The 2021 Gold and Silver American Eagle Coins. In conjunction with the 35th anniversary of the American Eagle coin program, the reverse sides of the Gold and Silver American Eagle Coins are being redesigned to incorporate anti-counterfeiting technology during the production process. The redesigned coins will be released in 2021. If you currently own these two gold and silver coins, your holdings could become even more precious. If you don’t have any Gold or Silver Eagles in your portfolio, your time to purchase them as they’re currently designed could be running out sooner than later. Call U.S. Money Reserve today to learn more about buying Gold and Silver American Eagles, and click the link in the description to download your free gold information kit, which will provide you with important information you should know about making any gold, silver, or platinum purchase.

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Future-proofing your financial portfolio is about more than picking stocks and watching the markets. You need to consider diversifying with assets (both traditional and alternative), accounting for inflation, and making legacy plans, among other actions. You need to consider “future-proofing” your portfolio.

What Is Future-Proofing?

As defined by the Principles of Future-Proofing website principlesoffutureproofing.com, the term refers to “the process of anticipating the future and developing methods of minimizing the negative effects while taking advantage of the positive effects.”

Future-proofing applies to products, services, technology, construction, education, and much more. But it also can apply to your portfolio.

Follow along as we outline four ideas for future-proofing your financial portfolio.

Monitor the Environment

To prepare for the future, you must track what’s happening in the present. Here are a few factors to consider:

• How are the markets performing? Are they bullish or bearish?
• How is the economy doing? Are we in a boom or bust period?
• What is the geopolitical atmosphere like? Are trade tensions simmering or boiling over? Are we involved in a military situation that’s flaring up?

By keeping on top of the markets, the economy, and the geopolitical environment, you can be ready to add to or subtract from your portfolio and, ultimately, help to equip your portfolio for the future.

Consider Diversification

Remember the saying about not putting all your eggs in one basket? It’s especially relevant when it comes to your portfolio.

Portfolio diversification can help you take advantage of the upswings and weather the downswings.

As billionaire Warren Buffett famously said, “Be fearful when others are greedy and greedy when others are fearful.”

Diversifying your portfolio and rebalancing it when the time is right can be smart future-proofing moves.

Experts suggest allocating 10 to 25% of your portfolio toward tangible assets like gold and other precious metals. Your allocation depends in part on how future-proof you want or need your portfolio to be.

Here’s a sample portfolio. (Note that this is an example and should not be considered financial advice. Please consult a professional financial advisor before making any decisions regarding your portfolio.)

• Stock and other equities—25%
• Cash—20%
• Precious metals—20%
• Fixed-income assets—15%
• Property—10%
• Other—10%

Account for Inflation

Simply put, inflation—when prices of goods and services go up but spending power goes down—can take a bite out of your portfolio. During the 12-month period ending in March 2020, the annual inflation rate in the U.S. stood at 1.5%, compared with 2.3% in 2019 and 1.9% in 2018.

Fortunately, future-proofing your portfolio can help guard against inflation-inflicted harm.

How do you do that? You include hedges against inflation in your portfolio. Among these hedges are gold, growth stocks, and foreign bonds.

Gold can act as a hedge against inflation in part because its price is tied to the dollar. If the value of the dollar decreases as a result of inflation, the price of gold goes up. Therefore, the asset holder gains more dollars for each ounce of gold because of inflation.

Make Legacy Plans

Do you want to leave a legacy for your children and grandchildren? Gold can play a part in this by enabling you to pass along wealth to your heirs.

One attractive aspect of gold as a legacy builder involves its status as a physical asset. Kitco News cites bestselling author Jim Rickards as hailing gold as “the ultimate tool for wealth preservation.” Rickards’ research shows that gold has outperformed equities over the long term, delivering greater returns.

Why is gold so beneficial in terms of preserving wealth? There are two fundamental answers to this question:

• There’s only so much gold in the world left to be mined. Unlike paper money, gold can’t be printed.
• Gold carries intrinsic financial strength. The precious metal itself is highly regarded and useful. Meanwhile, the physical component of a paper asset is nothing more than cotton and linen.

Think about tomorrow today. Call U.S. Money Reserve for a free one-on-one consultation to learn how precious metals can help safeguard your future.

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Kitco News

(Kitco News) – Markets are ignoring the negative backward-looking data and are instead focusing on what’s to come — economies eventually reopening. For gold, this means continued risk-on pressure next week, according to analysts.

The post Dramatic shift: Why gold prices might not breach $1,800 this spring appeared first on WorldSilverNews.

Kitco News

(Kitco News) – What a difference a month can make as one international bank has revised its year-end gold price forecast as central banks and governments continue to throw trillions of dollars into the global economy that has ground to a halt because of the COVID-19 pandemic.

The post Gold price to end the year at $1,700; physical demand to remain strong – ABN AMRO appeared first on WorldSilverNews.

Kitco News

(Kitco News) – Kitco News’ intrepid leader Daniela Cambone has officially started her maternity leave and on behalf of the entire newsroom, I wish her all the best during her break as she embarks on this adventure with her new family.

The post Some light in the darkness appeared first on WorldSilverNews.

Kitco News

Regulus Resources is exploring and developing the Antakori project in Peru. Soar Financial Group CEO Kai Hoffmann spoke with Regulus CEO John Black about the COVID-19 situation in Peru right now. Ongoing work programs and behind the scenes work.

The post Regulus Resources schedules Q&A appeared first on WorldSilverNews.

“”silver price”” – Google News

Silver Price Forecast – Silver Markets Find Support  FX Empire

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