According to Julian Phillips of The Gold Forecaster, whoever owns gold are the people who drive the market. While there are various ways to invest in gold, most never own gold, rather they invest in options and stocks. However, Bill Hionas of Pan American Metals of Miami says that gold bullion offers a higher level of security, because financiers are purchasing a real tangible holding in gold.
As the United States government keeps printing more dollars, and becomes mired in even more debt there is no realistic way to protect your wealth than with gold or silver bullion. Pumping more dollars into the economy increases inflation, and the rising national debt only serves to reduce confidence in the economy and the fiat currency. Gold is the best way to hedge against inflation.
Lorimer Wilson, editor in chief of munknee.com says our politicians’ solution to the national debt problem is simply to print more money. Wilson also states, never before in the history of the world have so many nations embarked on printing so much flat currency at one time in an effort to stimulate their economies. This action has sparked a huge race of currencies to see who can hit bottom first. Investing in gold bullion is the only way to combat this problem, which is why the same banks that are flooding our economies with flat currency are also hoarding gold.
Most people do not realize that gold has the ability to rise in value against every single currency on the globe, and does it all at the same time. Adding gold bullion is the only way to combat the continued debasement of the dollar. Matt Zeman, head of trading at Kingsview Financial says gold is in a unique position. If the economy improves and inflation rises, gold will respond by increasing in worth. On the other hand, if the economy continues to struggle gold will increase in value as well. You simply cannot lose with physical gold.
Some people mistakenly think that gold value rises and falls. In reality it is our purchasing power which rises and falls. In addition, gold and silver are not actually investments, although that is what we call it when we buy precious metals. Rather, gold and silver should be thought of as money. In 1964 quarters were made of silver, and at that time this quarter would buy you a gallon of gas. Today, the silver contained in that same 1964 twenty-five cent piece will still buy you one gallon of gasoline.
Savers should go out and buy gold and silver bullion, because it is the only money that actually has worth. You can checko