Gold Investment for Retired People

Bullion Vault

Investing for income in your retirement…?

ONE QUESTION I received recently goes to the heart of what people – a lot people but especially older, retired people – are going through, writes Chris Weber in Daily Wealth.

“My wife and I are in our mid 70s. We have about 60% of our funds in gold, silver bullion, some gold and silver stocks, and the balance in cash. We need current cash income from US Dollar with safe dividends – am I dreaming? Can you help?”

In a world of zero interest yields and stock markets paying very low dividend yields, it is now very hard to earn money on your money.

Indeed, guaranteed high yields are almost impossible to get. A while ago, I told my readers about GOV, the real-estate investment trust that rents to government agencies. That was paying 7%. The problem with all stocks, and all REITS, is that stocks can fall by much more than 7%.

So where does that leave a retired couple in their 70s, or anyone who no longer has a job and hopes to live on interest yield as they have in the past? It leaves them in bad shape. Until and unless interest rates on savings rise again, they are going to have to make some very tough choices.

The most direct thing I can recommend is quite obvious: If you can, cut your living expenses. Use whatever advantages you can. For instance, the very fact that you are retired means that you are not tied to a place for a job. You are, theoretically, free to move to a place with a lower cost of living.

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