Gold has been used for thousands of years in applications ranging from currency to jewelry — and with limited availability and a considerable ongoing demand, the precious metal has continued to retain value.
As a number of online U.S. Money Reserve reviews indicate, portfolio holders’ interest in gold may stem from two key factors: its history of performing well during economically challenging periods and its history of performing well during economically prosperous times.
For example, the price of gold—which was $263.80 per ounce in 2000—has risen over the years in response to global economic uncertainty. As of January 17, 2024, the price of gold had reached $2,009 per ounce — an increase of more than 661%.
The precious metal also tends to maintain a high level of demand — and prices for gold have sometimes increased — during steady economic periods.
As a result, gold is sometimes viewed as a way to help protect the total value of the assets in a portfolio, according to U.S. Money Reserve President Philip N. Diehl, who previously served as the 35th director of the U.S. Mint.
“Often, gold performs well during periods of strong economies,” Diehl says. “It’s really a standout asset during recessions and periods of political instability. For that reason, gold is often commonly used as wealth insurance to offset losses in other parts of a portfolio during hard times when gold prices are stable or tend to go up.”
Craig, a portfolio holder who resides in Florida, had previously focused on stocks before exploring the benefits of gold ownership; he explains why he purchased precious metals in one of the U.S. Money Reserve testimonials the company has shared on its website.
“Gold and silver are going to hold their value and increase,” Craig says. “Precious metals, as a foundation, [is] solid; it should give you confidence — and that’s what you need in your portfolio.”
In a U.S. Money Reserve review shared on Google, James E. from Bountiful, Utah, says he found the assistance he received from U.S. Money Reserve helpful when he purchased precious metals.us money reserve
“I needed to get [out] of one [individual retirement account],” James says. “Within one day, I had my IRA transferred and backed by gold. What a relief.”