For too many individuals, retirement is a frightening idea and, rather than something to look forward to, it has become an object of unavoidable anxiety in recent years. Given the precariousness of our contemporary economic moment, planning ahead in the sense of building an RRSP or Registered Retirement Savings Plan is a curious way to plan ahead. The certainty that was once part and parcel of stock and bond-derived RRSPs was, of course, shaken just over a decade ago, during the global financial crisis, which began in 2007 and ended in 2008.
Get Creative With Retirement
Given the lack of certitude surrounding finances in our contemporary moment, it’s best to shake things up in the face of austerity and get creative with one’s investments, be it for one’s portfolio or Tax-Free Savings Account (TFSA) – this is why it’s important to buy silver and gold or other hard assets that are less prone to immense fluctuation and other whims.
Comfort Means Strategizing And Being Practical
Because silver is a unique metal – in that it is both precious and practical – it’s less likely to go out of vogue or lose value on the market, thereby guaranteeing you a more stable retirement plan. While many people remain unaware of this fact, silver’s use in medicine is extremely prolific, given the metal’s antibiotic properties. More specifically, it is often used to create medical devices and treatments (e.g. surgical tools and ointments) found in hospitals throughout the world. This is to say, so long as healthcare is big business, so too will your silver-lined retirement plan be a surefire way to live comfortably after you stop working.
Gold, moreover, is considered one of the most useful precious metals on the planet. Like silver, it used in many branches of medicine, specifically for the creation of surgical instruments, but its practical range extends well beyond healthcare, veering toward the realm of aerospace technologies and electronics at large. Indeed, it’s not just an aesthetically-pleasing material for jewelry or an outdated mode of feudal currency. Rather, gold can be found through the composition of a standard desktop computer, and without it, many of the everyday technologies we now take for granted would be unthinkable. In this regard, gold is a practical investment for one’s RRSP and can, once again, help ensure a cushy retirement, so long as one is able to consider these alternative options.
No matter how far ahead retirement may be, it’s never too early to start strategizing in ways that are not rigidly dictated by flimsy abstractions like stocks and bonds – hard assets like gold and silver are not only practical in their applications throughout the world and across industries. On the contrary, they are practical building blocks of a sturdy RRSP that is unlikely to dwindle in value anytime soon.