Inflation is skyrocketing, the housing bubble burst, stock markets are crashing, GM is going bankrupt. But there is still a safe haven out there…precious metals.
If you look at a long term graph of gold and silver over the last decade you will see a steadily increasing line. There are only a couple of reasons for this. Gold and silver are not actually increasing in price, that is an illusion. The real reason for any commodity’s perceived increase in price is…the dollar is losing value.
Because the gold coin does not change at all, it does not grow, or suddenly get shinier, but the value of the paper currency used to trade for it is steadily going down.
Inflation is the main culprit here. It is a nothing more than a stealthy way for the rich to steal from the poor. Inflation is a hidden tax, so while commodities like precious metals, gasoline, food, and water are getting more expensive, the real reason for this is central economic planning, which is always doomed to failure.
It is a simple equation of supply and demand. The more paper dollars the Federal Reserve pumps into circulation, the less the already circulating dollars are worth.
There’s a good chance you have never heard this information before even if you have a highly paid financial consultant. The reason being, the consultant doesn’t make a commission off of you buying tangible gold and silver.
So, if you want investment advice from someone who doesn’t make commission off of your investment, it’s this: buy commodities like precious metals.
I’m not talking about trading on the Comex precious metals stock exchange. I’m talking about possessing your own tangible gold and silver coins. If you do take my advice you’ll be glad you did.
Source by Will Randolph
What is the Only Safe Hedge Against Inflation?
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