Now is the time to invest in something real to assure a good life for tomorrow. Gold surpassed $1,700 an ounce in early September after the Federal Reserve Bank announced its intention to start a new round of Quantitative Easing, i.e. print more money. Lurking around $1,750 an ounce, gold is still one of the world's greatest bargains. Every day it is becoming more evident that stocks, bonds, and property in America and most of the Europe are propped up on borrowed money and borrowed time.
Bear in mind, world economies have left the gold standard since the early 1970's, due to the fact Nixon unpegged the US dollar from gold as a way to prop up a dysfunctional economy at that time. Had we adhered to the Gold Standard, the currencies backed by gold, the politicians and bankers would happen to be forced to become accountable for their fiscal policies and actions.
Money today is not based on anything tangible or of intrinsic value. It has only a perceived value at whatever level currency traders and speculators think it is. Politicians and central bankers since Nixon have been free to print fiat money (a piece of paper with numbers on it) at will without control or restraint to keep their game going. These currencies have since been played off each other as in a game of monopoly. One clue of impending doom is the fact that every fool with greed in his heart can now trade currencies online.
As this practice of printing money accelerates, countries with more natural resources and manageable debt will see their currencies decline slower in relation with the US dollar, but all currencies will decline in relation to gold.
There will be a splinter group of savvy investors who take notice that the emperor has no clothes. These same group of smart people will make some wise investment decisions to replace a portion of their paper wealth with gold and other precious metals. These savvy investors will have adequate resources in the type of universally accepted coin, gold, to reside reasonably good throughout the shakeout and to pick up the bargains for literally pennies on the dollar when the storm ultimately passes.
As a matter of fact, most people regardless of how nicely intended or educated, fail to take the lessons of history seriously. They continue to live with blinders on content and with petty self-interest. Nero fiddles whilst Rome burns. All of these discussed above are amongst the causes why gold is going to go up in a secular bull market. Owning gold bullion or gold coins is decidedly a very smart decision for the long haul.
Bear in mind, world economies have left the gold standard since the early 1970's, due to the fact Nixon unpegged the US dollar from gold as a way to prop up a dysfunctional economy at that time. Had we adhered to the Gold Standard, the currencies backed by gold, the politicians and bankers would happen to be forced to become accountable for their fiscal policies and actions.
Money today is not based on anything tangible or of intrinsic value. It has only a perceived value at whatever level currency traders and speculators think it is. Politicians and central bankers since Nixon have been free to print fiat money (a piece of paper with numbers on it) at will without control or restraint to keep their game going. These currencies have since been played off each other as in a game of monopoly. One clue of impending doom is the fact that every fool with greed in his heart can now trade currencies online.
As this practice of printing money accelerates, countries with more natural resources and manageable debt will see their currencies decline slower in relation with the US dollar, but all currencies will decline in relation to gold.
There will be a splinter group of savvy investors who take notice that the emperor has no clothes. These same group of smart people will make some wise investment decisions to replace a portion of their paper wealth with gold and other precious metals. These savvy investors will have adequate resources in the type of universally accepted coin, gold, to reside reasonably good throughout the shakeout and to pick up the bargains for literally pennies on the dollar when the storm ultimately passes.
As a matter of fact, most people regardless of how nicely intended or educated, fail to take the lessons of history seriously. They continue to live with blinders on content and with petty self-interest. Nero fiddles whilst Rome burns. All of these discussed above are amongst the causes why gold is going to go up in a secular bull market. Owning gold bullion or gold coins is decidedly a very smart decision for the long haul.
About the Author:
Looking to find the best deal on gold buying, then visit http://goldbuyingplan.com/ to find the best advice on Regal Gold Coins
Ditulis oleh:
Unknown - Sunday, November 4, 2012
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