“Negative interest rates should be understood as a war of prodigals against savers. Politically, the Fed is pursuing the monetary policy it does best. I don’t know how they can change their monetary policy, ”- this opinion was voiced by the expert during an online conference.
According to Ruhl, investments in gold derivatives account for less than 1% of total investment and savings capital in the United States. Over the past 30 years, the average value of this indicator has been about 2%. This means that American investors can again increase their investments in the yellow precious metal.
According to the analyst, shares of gold mining companies have good prospects. Each investor must choose the most suitable way to invest in stocks. So, inexperienced investors should take a closer look at large and stable companies that regularly pay dividends. Experienced investors who are familiar with the gold market can turn their attention to smaller companies with higher returns.
Rick Ruhl recommends investing gradually in gold to keep your savings from depreciating amid the growing instability in the global economy, although he continues to believe in the US economic recovery. “We will deal with the problems. Times are going to be tough. Each of us could generate good profits to fund collective folly. This is no longer the case, but we'll come back to that. But first you have to go through an unpleasant period in history. To go through this period of instability without losses, I buy gold and shares of gold miners, as they are still cheap compared to the prospects for the future, ”the expert voiced this opinion.