Buy Gold To Protect Yourself
When trying to figure out how to buy gold, it's important to think about a few things. First, governments are out of control with their bailouts and excessive printing of money. Second, there is massive inflation going on right now and the unemployment rate is over 10% according to the governments conservative numbers.
Let us look at why you should be invested in gold. In 2001, the gold price was sitting at around $250/oz. Today the gold price is sitting at over $1,100/oz. So, for a one ounce gold coin it would cost you over four times the amount it did just 8 years ago. What other investments do you know have gained 400%, and not lost any value due to inflation like dollar related investments have?
Paper investments like stocks or bonds may have achieved the same returns, but the dollar has fallen sharply in value. The Dow Jones is proof that the dollar is crashing silently. When you price the Dow in gold rather than dollars it tells a different story. Gold's price rises when the dollar falls in value.
If the Dow has been in a bull market then you may be asking how this can be. The Dow may even crash as it rises to 20,000 or maybe 40,000. The dollar will be losing value faster than the Dow even if the Dow rises to those levels.
As the USDX falls below 76, there is suddenly the realization that the dollar will certainly be in trouble through the coming years. For those invested in dollar related assets it is time to get out. The USDX will most certainly fall to 65 next year like many economists are saying. Many experts believe that it will go as low as 40 in the next couple of years.
There is only one safe haven in a real world scenario like this. Gold and silver are the only safe hedge against inflation. As we see some people naively sit by and expect the government to throw them a bailout, others are preparing, and they know that the dollar's days as the world's reserve currency are limited.
This is the greatest bull market that the world has ever seen. Fiat paper currencies are being inflated all around the world, and we are in the middle of some very bad economic times. The unemployment rate is growing and our dollars are being evaporated into thin air.
A $7,000 gold price is not out of the question over the next few years. Some economists believe it has to go this high to compensate for inflation. The dollar is only being propped up by our faith in it, and that is why our government doesn't want you buying gold.
Gold bullion and silver bullion are smart investments. It may be difficult to afford silver bars or gold bars. If that is the case, you can buy American Gold Eagle Coins or American Silver Eagle Coins.
God bless. - 23218
Let us look at why you should be invested in gold. In 2001, the gold price was sitting at around $250/oz. Today the gold price is sitting at over $1,100/oz. So, for a one ounce gold coin it would cost you over four times the amount it did just 8 years ago. What other investments do you know have gained 400%, and not lost any value due to inflation like dollar related investments have?
Paper investments like stocks or bonds may have achieved the same returns, but the dollar has fallen sharply in value. The Dow Jones is proof that the dollar is crashing silently. When you price the Dow in gold rather than dollars it tells a different story. Gold's price rises when the dollar falls in value.
If the Dow has been in a bull market then you may be asking how this can be. The Dow may even crash as it rises to 20,000 or maybe 40,000. The dollar will be losing value faster than the Dow even if the Dow rises to those levels.
As the USDX falls below 76, there is suddenly the realization that the dollar will certainly be in trouble through the coming years. For those invested in dollar related assets it is time to get out. The USDX will most certainly fall to 65 next year like many economists are saying. Many experts believe that it will go as low as 40 in the next couple of years.
There is only one safe haven in a real world scenario like this. Gold and silver are the only safe hedge against inflation. As we see some people naively sit by and expect the government to throw them a bailout, others are preparing, and they know that the dollar's days as the world's reserve currency are limited.
This is the greatest bull market that the world has ever seen. Fiat paper currencies are being inflated all around the world, and we are in the middle of some very bad economic times. The unemployment rate is growing and our dollars are being evaporated into thin air.
A $7,000 gold price is not out of the question over the next few years. Some economists believe it has to go this high to compensate for inflation. The dollar is only being propped up by our faith in it, and that is why our government doesn't want you buying gold.
Gold bullion and silver bullion are smart investments. It may be difficult to afford silver bars or gold bars. If that is the case, you can buy American Gold Eagle Coins or American Silver Eagle Coins.
God bless. - 23218
posted by X - Men @ 2:27 AM
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