Now is the time to invest in a true physical asset for the future. Gold rose above $1,700 an ounce in early September soon after the Federal Reserve Bank announced its intention to begin a new round of Quantitative Easing. It is another way of saying they will print a lot more dollars. Hovering around $1,750 an ounce, gold continues to be a single investment for the world's greatest bargain hunters. As time passes, it is becoming apparent that stocks, bonds, and property in America and in many European countries are propped up on borrowed funds and borrowed time.
Remember, world economies have been off the gold standard now for over 40 years, ever since Nixon unpegged the US dollar from gold as a means of stimulating a sagging economy at that time. Had we adhered to the Gold Standard, the medium of exchange backed by gold, the politicians and bankers would have been forced to be accountable for their fiscal policies and actions.
Currently, paper currencies are not backed by any tangible assets of intrinsic value. They are only backed by the full faith and credit of sovereign governments. These same currencies are worth only in the eyes of currency traders and speculators feel they really are. Politicians and central bankers since Nixon have absolutely free hands to print fiat money (a piece of paper with numbers on it) at will without restraint. These currencies in fact are playing off one another as in a game of monopoly, one the way to devaluation. Just take notice of the fact that any greedy individuals can now trade currencies on the internet. That is a sure sign for trouble.
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.
It'll be a small group of smart investors who pause to take notice that the emperor has no clothes. It's going to be those that are astute and savvy to begin to unwind the paper assets they have accumulated and put at least a portion of what's still marketable into gold. It is going to be the shrewd and brave that have the resources in the type of universally accepted coin, gold, to live reasonably effectively during the shakeout and to choose up the bargains for literally pennies on the dollar when the storm finally passes.
The truth is, no matter how well educated most people are, they still fail to learn from the lessons of history. They go on their lives with blinders of contentment with petty self-interest. When Rome was burning, Nero was fiddling at the same time. These are the major factors why gold will continue to rise. Owning gold bullion or gold coins is definitely a wise choice.
Remember, world economies have been off the gold standard now for over 40 years, ever since Nixon unpegged the US dollar from gold as a means of stimulating a sagging economy at that time. Had we adhered to the Gold Standard, the medium of exchange backed by gold, the politicians and bankers would have been forced to be accountable for their fiscal policies and actions.
Currently, paper currencies are not backed by any tangible assets of intrinsic value. They are only backed by the full faith and credit of sovereign governments. These same currencies are worth only in the eyes of currency traders and speculators feel they really are. Politicians and central bankers since Nixon have absolutely free hands to print fiat money (a piece of paper with numbers on it) at will without restraint. These currencies in fact are playing off one another as in a game of monopoly, one the way to devaluation. Just take notice of the fact that any greedy individuals can now trade currencies on the internet. That is a sure sign for trouble.
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.
It'll be a small group of smart investors who pause to take notice that the emperor has no clothes. It's going to be those that are astute and savvy to begin to unwind the paper assets they have accumulated and put at least a portion of what's still marketable into gold. It is going to be the shrewd and brave that have the resources in the type of universally accepted coin, gold, to live reasonably effectively during the shakeout and to choose up the bargains for literally pennies on the dollar when the storm finally passes.
The truth is, no matter how well educated most people are, they still fail to learn from the lessons of history. They go on their lives with blinders of contentment with petty self-interest. When Rome was burning, Nero was fiddling at the same time. These are the major factors why gold will continue to rise. Owning gold bullion or gold coins is definitely a wise choice.
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