Posts by Chelsey Jenkins

June 18, 2024 |

Devaluation of the Dollar: What You Should Know

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The devaluation of the dollar is a topic that earns significant attention in worldwide economic discussions, drawing attention from retail investors, financial analysts, and various other stakeholders. The phenomenon has roots in a decline in the U.S. dollar’s value relative to other currencies, but it has wide-ranging implications for the domestic and global economy.  The U.S. dollar’s value influences international trade dynamics and affects your individual purchasing power. That’s why understanding the nuances of a devalued dollar is critical to navigating the financial landscape.  Let’s... Continue Reading

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March 26, 2024 |

Is the U.S. Dollar Collapsing?

Currency collapse and the strength of the U.S. dollar are legitimate concerns for investors, especially in today’s tumultuous economic and political environment. As the global economic landscape continues to shift, digital currencies become more popular, and emergent economic powerhouses like China continue to grow in importance, you might find yourself wondering if a currency crisis could grip the United States anytime soon.  Even though it’s an interesting thought experiment, the likelihood of the U.S. dollar collapsing is very low. Why? There are a handful of... Continue Reading

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January 27, 2024 |

The Benefits of Investing in Precious Metals

You have more choices than ever for growing your money as an investor. So much so that the options can feel overwhelming.   While most investors turn to stocks, mutual funds, exchange-traded funds (ETFs), and high-yield savings accounts as their primary drivers of wealth, there’s another option you may not have considered: precious metals.  Why consider investing in precious metals? Here are just a few reasons:  Precious metals are valuable because they’re scarce.  Precious metals often have uses in industrial processes, which helps preserve their value. ... Continue Reading

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December 3, 2023 |

Can You Sell Your Gold to a Bank?

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Maybe you’ve reached your investment goal. Or perhaps something unexpected popped up and you need quick cash. Whatever the reason, you have physical gold and want to sell it quickly.  Can you sell gold to a bank?  Gold is universal, and banks have money. They must buy gold. Right? Unfortunately, no. With scant few exceptions, you can’t sell gold to a bank. And if you did, it might not be your best option. But don’t lament. Plenty of places buy gold at market price. You... Continue Reading

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October 31, 2023 |

What Was the Gold Standard?

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Imagine walking into a bank, pulling dollars from your pocket, handing them to a teller, and the teller giving you gold in return.  Sounds wonderful but crazy, doesn’t it? As far-fetched as it seems, there was a time—not too long ago—that this was reality. The United States and most other countries were on the gold standard. And with the gold standard, you could freely convert dollar bills to gold.   This guide will also answer the following questions: What is the gold standard? When did the... Continue Reading

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October 18, 2023 |

How to Choose the Best Gold IRA Company

While investors have plenty of options when seeking a Gold IRA company, choosing the right one can make a big difference in the experience. You want your Gold IRA company to provide the answers you need, be responsive to your concerns, and showcase its knowledge and experience in the industry.  Advantage Gold focuses on more than just explaining what a Gold IRA is. Our team can help you decide which specific gold coins or other precious metals make the most sense for your portfolio. We’ll... Continue Reading

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October 18, 2023 |

How Does a Gold IRA Work?

How often do you think about your retirement savings and investments? Do you feel like you’ve adequately diversified your portfolio? Have you considered gold as a potential vehicle for your future financial security?   If you’ve stopped to think about these questions, there’s a good chance you’ve considered investing in gold or other precious metals. But you may not know the details on how to invest in gold as part of your retirement account (IRA).  Traditionally, an IRA is a plan that holds paper investments like... Continue Reading

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October 15, 2023 |

What is Cryptocurrency?

You’ve undoubtedly heard the stories.  Some detail massive rags-to-riches gains. Others sew  tales of woe and speak of back-breaking losses. Whether fueled by facts or hyperbole, one thing is certain. Cryptocurrency is everywhere. What started as a practical solution for peer-to-peer transactions is now a worldwide phenomenon.  But what is crypto, exactly?  Consider this guide as a crash course in cryptocurrency for beginners. What is Cryptocurrency, and How Does it Work?  Cryptocurrency is digital currency used for speculative investment and as a method of payment. ... Continue Reading

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September 13, 2023 |

How to Move Your 401(k) to Gold Without Penalty

Gold has been a highly valued, highly sought-after asset since the days of ancient civilizations. Today is no different. With inflation soaring, and purchasing power decreasing, many investors might wonder how to move a 401(k) into gold without penalty. Read along and learn: The different types of 401(k) How to convert 401(k) into gold How a gold IRA works The benefits of a Gold IRA Hopefully, you will see how easy it is to start protecting your investments with a Gold IRA. What Is a... Continue Reading

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August 25, 2023 |

What Is a Self-Directed Precious Metals IRA?

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A self-directed precious metals IRA is an individual retirement account that allows for ownership of physical assets—including gold, silver, platinum, and palladium.  Commonly referred to as a Gold IRA or Silver IRA, the precious metals IRA is a favorite among investors seeking an alternative to paper-based investment vehicles.    Understanding Self-Directed Precious Metals IRAs  The self-directed precious metals IRA is a lot like the IRA you may already own.  A self-directed plan differs from a typical plan in that it allows for ownership of physical... Continue Reading

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