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Gold Bullion : Preserve Your Savings Against The Falling Dollar

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					Gold Bullion: Preserve Your Savings Against The Falling Dollar
Written By: Christina Goldman - http://BullionBargains.us You've heard it all before: don't invest in gold bullion. Over the last century, gold has averaged a neglible rate of return. It's the late night cable television investment "snuggie." Investment advisors, who are ignorant of or dismiss the value of investing in gold are known for making assertions like the ones above. Putting aside the fact that gold has appreciated at double-digit rates on average this decade against all of the world's currencies and tripled in price over the past six years, let's look at the metal not as an investment vehicle but as an insurance policy against loss of purchasing power. Think about this for a moment. Gold bullion should be thought of in the same way as a homeowner's policy - as a form of financial insurance not as an investment. After all, you do buy a homeowner's policy to protect your home against destruction, not as an investment. Gold bullion should be thought of in the same way - as a form of financial insurance that protects against destruction of fiat or paper currency. Dollar convertibility into gold ended on August 15th 1971, when President Richard Nixon forever closed the gold window. No longer tied to the gold standard, the U.S. dollar could be printed in unlimited quantities or in other words just 'float.' Today, after 38 years of being backed by absolutely nothing but the full faith and credit of our U.S. government, our beloved dollar is worth a fraction of what it used to be. If you compare the buying
Gold Bullion: Preserve Your Savings Against The Falling Dollar © 2009

power of that one dollar bill in 1971 versus today, you would be able to buy only EIGHTEEN CENTS, after adjusting for inflation. Why The Dollar Will Decline Farther The government put its printing presses into turbo drive to counteract the financial crisis that struck last year. The United States monetary base ballooned from $800 billion in August of 2008 to $1.7 trillion as a result. That means that there are now more than two dollars in existence for every one dollar that existed a year ago. Never before in monetary history has the money supply increased at such a sharp rate. In their attempt to get the economy going again and stablize the financial system, the government's out of control spending spree has caused our federal budget deficit to reach a new record level of $1.42 trillion dollars. If that wasn't deplorable in itself, our national debt is at present over $11 trillion dollars. And unfunded liabilities like programs such as Medicare and Social Security stand at an astonishing $58 trillion. These liabilities must be paid for so the government must cut spending, increase taxes, or increase the money supply in order to inflate their way out of this hole. As bad as it may seem now, that deficit is predicted to grow to $9.1 trillion over the upcoming decade. The dollar simply cannot maintain it's value when a country participates in the unrestrained printing of money. Inflation will climb higher the more the dollar is debased. It is for this reason that you must own gold. As an insurance policy to ensure the value of your savings is maintained. Since 1971, the buying power of gold has held up and expanded. History books are full of examples of paper money whose value has been wiped out. But not gold. Gold has prevailed through recession and depression,
Gold Bullion: Preserve Your Savings Against The Falling Dollar © 2009

deflation, inflation, hyperinflation, and war. The value of gold has never been ZERO. Never.That is because gold bullion is the supreme store of value and protection of wealth. It might end up being the most important insurance policy you've ever purchased.

Protect your hard earned money from inflation and the devaluation of the dollar with pure gold bullion coins. For great deals and selection, visit us at: ==>
http://BullionBargains.us

Gold Bullion: Preserve Your Savings Against The Falling Dollar

© 2009


				
DOCUMENT INFO
Description: You've heard it all before: don't invest in gold bullion. Over the last century, gold has averaged a neglible rate of return. It's the late night cable television investment "snuggie." Investment advisors, who are ignorant of or dismiss the value of investing in gold are known for making assertions like the ones above.