As the media has recently trumpeted news of economic recovery, there are countless Americans who feel deep in their bones that trouble is still around the bend.
Some are coming up with innovative ways of protecting their hard-earned wealth, while taking extra care to safeguard the financial well-being of folks who depend on them.
Craig Snyder is one of those people.
A successful business owner in Sioux Falls, S.D., Snyder believes offering employees precious metals — in place of a traditional 401k — just makes sense.
Here is his story.
The Boss Who Rewards — With Precious Metals
Many years ago I set up my first government sanctioned employee benefit plan.
I recall at the time thinking that there would come a day when these monthly paper investments would be worthless. In 2008 the market crashed and the investments went to less than half of their value.
I decided then to follow my first instincts and discontinue the employee 401k.
Instead I began an unorthodox plan of giving my employees gold and silver as a bonus in lieu of the money the company had been spending with their 401k injections. After all, I had been investing in precious metals on a monthly basis for years. If it was good enough for me then it should be good for them, too.
I invest in physical gold and silver because I want to be able to touch the things I own. I like Provident Metals because of the simple order process, good pricing and most of all the excellent customer service.
Although the stock market has made an impressive return from the crash of 2008, the clouds continue to roll on the horizon. It’s only a matter of time before stocks again take a precipitous drop.
If my gut is correct, paper investments could end up worthless someday, but metals will always have value.
I’m sticking with gold and silver. It just feels right.
**Learn more about saving for retirement today.
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This occured a few years ago. I would like to here an update to the story along with current responses from employees from both ends of the payscale. Thnks.