If you are reading this article, then you are probably wondering just that. Is your hard-earned money safe in this economic environment and what can step can you take to secure your wealth? Investing in gold is and has always been the smart decision in times of economic turmoil. In this article, I am going to show you why you should invest in gold if you want to keep your and your family’s wealth safe in the coming years.
Gold has always been the preferred storage of wealth. Ever since man dug up that shiny metal eons ago, gold has held a special place in the marketplace. Gold has several qualities that make it suitable for the storage of wealth and as a means of transaction:
- Indestructible – Gold does not corrode, it does not burn, fade or disintegrate like paper.
- Scarcity – There is only so much gold in the world and there is no way to make gold artificially. This means that the amount of gold remains relatively constant and so isn’t subject to inflation.
- Qualities – Gold has many uses. It is used in jewelry, as a conductor for electric current in electronics, and in many other uses.
Indeed, the very qualities that make gold valuable are also the ones that are lacking in today’s Fiat (paper) money. If you are an American you are probably worried about the way the government and the Federal Reserve are burning and printing money at an unprecedented level. The value of the dollar has plummeted over the last decade while gold has risen exponentially.
In fact, gold has risen 5 times in value against the dollar since 2001. Gold is often referred to as an anti-dollar investment. In other words, the value of gold is a good indicator of trust in the dollar. Let’s put it another way: The market has lost confidence in the dollar.
The current dollar situation is just the tip of the iceberg though. Many economists and politicians, led by Congressman Ron Paul and Hedge Fund owner Peter Schiff, are predicting the total collapse of the dollar within 5-10 years. These are not your average media pundits though. Peter Schiff accurately predicted the current financial crisis more than ten years ago. Now, he is predicting the total collapse of the dollar.
It’s easy to dismiss such predictions as pure speculation if it wasn’t for the fact that there already is a new currency ready to replace the dollar. The name of this currency is the Amero and is supposed to be a joint currency for the new North American union consisting of Canada, the USA, and Mexico.
Open a new page in your browser and do a search for ‘Amero coin’. It’s here already in circulation in small numbers. When the dollar collapses, will you be content swapping your dollars at the rate of 100 to 1 to the Amero? This isn’t speculation people. This is what your government has planned.
Why invest in gold? You should be looking to buy gold because it’s the only smart thing to do in this economic situation. Regardless of what some government people are trying to tell you, the economy isn’t going to rebound any time soon. In fact, it is likely going to get much worse. Those that will remain loyal to the government are likely to lose their savings invested in stocks and bonds. Those with gold will have a commodity very much in demand. Which one will it be for you?