Another safe option is bonds, but like bank savings they only have a very low return rate. Bonds are never looked at as a way of growing wealth, but instead for maintaining wealth.
When it comes to putting your money to work for you, the best way for the last few years has been to invest in stocks. They have boasted returns over 10% for a few years, but now it seems the tide is turning. Investing in stocks can be dangerous because companies can go bankrupt and your whole investment can disappear. That is the risk you take on in order to get those high interest rates.
But the stock market has gotten very rocky this year, and indications are that it will only get worse. The stock indexes have been negative for a large part of 2015, and worries of a recession are becoming more real. The stock market has not entered a bear market yet and that is a scary situation because it means that things could get a lot worse. Especially since other country economies have been entering bear market territory, and that has an effect on the US economy.
Luckily, at the same time it is looking like gold prices have nowhere to go but up. Many analysts have said that the bottom is in now, and gold along with other precious metals like silver are setting up for a bullish run. It’s looking more and more like the time to invest in precious metals is now.
For investors that want to invest in gold/silver, the best way that I’ve found to do that is through US Money Reserve. They are trusted by all levels of investors for providing quality precious metals, and they have a large range of products that you can buy as assets. US Money Reserve deals in all kinds of precious metals from gold to silver to platinum and more. Investors have been buying up gold/silver in anticipation of smaller buyers eventually understanding that the stock market is entering a dangerous environment and only realizing too late that the best way to grow wealth now is through gold/silver.