RSSWhy You Should Buy Gold
Nov 17
China Bull Market, Buy gold, Buy Silver, China, Dollar Collapse, Gold Bullion, Gold Coins, Gold Price, Hedge, How To Buy Gold, Inflation, Silver bar, Silver bars, Silver Bullion, Silver Coins No Comments
When you are trying to figure out how to buy gold or why you should buy gold, it is important to note several things. First, inflation is rearing its ugly head and governments won’t stop until the dollar is completely devalued. Second, we are in the midst of major bailouts, layoffs, Ponzi schemes, and sky high unemployment.
Gold should be at the top of all investors lists right now. Just 8 years ago the gold price was at about $250/ounce. That price has steadily risen to over $1,100/ounce. For a one ounce gold coin there has been an increase of 400% in value. Are there any other investments out there making those returns, while at the same time being a hedge against inflation?
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.
You might be asking how the Dow could possibly be doing bad, but price it in gold and you will see. Even if the Dow got as high as 20,000 or higher, the value of your dollars would be crashing at a greater rate.
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.
In a real life situation like this, there is only one safe have. Gold and silver are that safe haven. It is not a question of if the dollar will be knocked off the thrown as the reserve currency, but rather when.
This bull market is the greatest bull market that has ever been witnessed in history. Paper currencies are being over inflated, and we are in the middle of some very bad economic times. The unemployment rate just passed 10%, and those are the conservative numbers.
The gold price is expected to reach $7,000/oz just to compensate for inflation. This bull market has just begun, and our government is going to do all they can to keep you uninformed. They will not promote gold and silver to citizens because if people get out of dollar related assets, as they should, then the dollar is doomed.
If you can afford gold bullion and silver bullion, then do so quickly. If you are like most then it may be unaffordable to buy gold bars or buy silver bars. A good alternative is to buy American Gold Eagle Coins or buy American Silver Eagle Coins.
God bless.
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