Since gold cannot be made or printed at the whim of greedy politicos, it can't be devalued as quickly as the paper money that is printed whenever need arises.
Make no mistake, a major currency crisis is coming. Rather than sitting back and letting it happen, protect yourself and profit from an economic upset that could basically render your dollars about as worthless as the paper they're printed on.
We have seen a prelude of this type of problem not too long ago. In early 2006 a foreign exchange crisis started an avalanche of selling in overseas markets from Brazil to Indonesia. The Icelandic krona lost almost one tenth of its value within just forty eight hours, dragging down Icelandic shares and bonds with it and subsequently extending to Brazil, Mexico, Poland and Turkey.
A precursor to this was the Asian Currency Crash of 1997, which sent stocks south like ducks in winter. Banks, insurance companies, real estate and bonds also fled the scene. The only viable option left was gold.
Looking forward to another possible significant currency crisis in the next few years, gold will grow to be the currency of preference and its worth will almost certainly be increased exponentially from its present monetary value.
How can this prediction be credible? Put it this way: because gold cannot be manufactured or printed in a hurry, it cannot be devalued as fast as the other paper currencies which could be printed on demand.
Any time when paper money is backed by gold, $1 in paper must be backed by a single dollar's really worth of gold. At the time when paper currencies aren't any longer backed by gold, governments can print them just as much and as fast as wanted. Obviously, most governments in the modern world have taken their currencies away from the gold backing and that's why paper money has no intrinsic worth.
Subsequently, a lot of key trading establishments speculate only temporary in various paper currencies and their associated values in common shares or bonds. Then they promptly transform their economic gains into gold. This is why some trading firms prefer to focus on an investment strategy in multiple markets worldwide and diversification into gold assets for their customers.
Make no mistake, a major currency crisis is coming. Rather than sitting back and letting it happen, protect yourself and profit from an economic upset that could basically render your dollars about as worthless as the paper they're printed on.
We have seen a prelude of this type of problem not too long ago. In early 2006 a foreign exchange crisis started an avalanche of selling in overseas markets from Brazil to Indonesia. The Icelandic krona lost almost one tenth of its value within just forty eight hours, dragging down Icelandic shares and bonds with it and subsequently extending to Brazil, Mexico, Poland and Turkey.
A precursor to this was the Asian Currency Crash of 1997, which sent stocks south like ducks in winter. Banks, insurance companies, real estate and bonds also fled the scene. The only viable option left was gold.
Looking forward to another possible significant currency crisis in the next few years, gold will grow to be the currency of preference and its worth will almost certainly be increased exponentially from its present monetary value.
How can this prediction be credible? Put it this way: because gold cannot be manufactured or printed in a hurry, it cannot be devalued as fast as the other paper currencies which could be printed on demand.
Any time when paper money is backed by gold, $1 in paper must be backed by a single dollar's really worth of gold. At the time when paper currencies aren't any longer backed by gold, governments can print them just as much and as fast as wanted. Obviously, most governments in the modern world have taken their currencies away from the gold backing and that's why paper money has no intrinsic worth.
Subsequently, a lot of key trading establishments speculate only temporary in various paper currencies and their associated values in common shares or bonds. Then they promptly transform their economic gains into gold. This is why some trading firms prefer to focus on an investment strategy in multiple markets worldwide and diversification into gold assets for their customers.
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