Disclosure: The owners of this website may receive a compensation from companies featured in this article. Our analysis is independent but this is not a financial advice article. Refer to our Disclosure for more information.
In the face of economic struggles, such as a struggling economy, rising prices, and stagnant wages, many Americans are understandably concerned about the sustainability of their retirement savings. While external economic forces may be beyond our control, it is important to consider the potential impact of BRICS on the investments of American investors. By assessing investment opportunities in emerging economies like Brazil, Russia, India, China, and South Africa, American investors can explore diversification strategies for their financial future amidst challenging economic conditions.
How Could BRICS Nations Impact Investing?
BRICS Countries are a Powerful Alliance of 5 Leading Economies. Their Increasing Powerbase Could be a Threat to US Dominance and the Dollar. Should Investors Be Worried?
The coalition of BRICS nations is an economic bloc consisting of five major emerging economies: Brazil, Russia, India, China, and South Africa. These nations collectively represent over 40% of the global population and have significant influence on regional and global affairs.
The question of whether the West should be worried about BRICS is subjective and depends on various perspectives. BRICS are showing more evidence of trading amoing themselves, and there is concern on the impact on the US dollar and how this could impact investments.
Many of these economies have also been increasing their gold reseverves. China is the second largest owner of gold after the US. Russia and other BRICS countries have also increased their gold reserves, and together they could have a big impact on gold investing, particularly if BRICS launches a Gold backed currency.
4 Impacts That BRICS Could Have on Investing?
1. INCREASING GOLD RESERVES – BRICS Nations have been increasing their gold reserves over the past year. This fuels predictions by many market watchers who are looking at whether BRICS will launch a gold backed currency.
2. POLITICAL AND GEOPOLITICAL ISSUES – Some BRICS nations have expressed a desire for a more multipolar world order, questioning the existing Western-dominated global governance structure
3. IMPACT ON GLOBAL INSTITUTIONS – BRICS nations have expressed dissatisfaction with the current global institutions, such as the International Monetary Fund and World Bank, which they perceive as being dominated by the West. Reform in financing could impact the Western dominance and potentially investing.
4. IMPACT OF WESTERN POWER STRUCTURES – Western countries may need to reconcile their interests with those of emerging powers to effectively address global challenges. Ignoring or underestimating BRICS could hinder potential collaboration on crucial issues.
Many experts and investors who are watching the market are focused on the impact of investments, particularly the price of gold. Billionaires such as Ray Dalio and experts such as Robert Kiyosaki (author of Rich Dad, Poor Dad) and James Rickards (author of The New Case for Gold), have taken steps to invest a portion of their portfolio in gold. With the potential changing world order, these experts have noted the importance of using gold to diversify investments.
The Case for Gold
A Gold IRA is a retirement account that allows individuals to invest in physical gold and other precious metals as a means of diversifying their retirement portfolio. Unlike traditional IRAs, which typically consist of stocks, bonds, and mutual funds, a Gold IRA holds tangible assets in the form of gold bars, coins, or bullion.
There are many benefits of investing in gold with a Gold IRA, such as the diversification of assets. Our research team have reviewed the many options for investing in Gold, and found that Augusta Precious Metals are one of the leading suppliers of gold for potential investors.
They are experienced in facilitating 401 (k) rollovers and IRA transfers and they offer up to 10 years fee-free for all precious metal IRA customers. They are not financial advisors but their expertise in supporting individuals through the gold purchasing process surpasses their rivals.
When Hall of fame quarterback Joe Montana asked his team to find the best gold company, they chose Augusta and he is now a customer. You can request their ultimate guide to GOLD IRAs on the link below to better understand the gold purchasing process and to see the different options they offer.
Is Gold an Option for Your Portfolio or Retirement?
Seen as a good hedge against inflation, there are several options to buy gold. These include buying gold outright with cash, rolling over a portion of a 401k to gold, or diversifying existing saving plan by adding gold. Request a gold investors kit from our recommeneded supplier, Augusta Precious Metals, to review the many options to invest in gold.