Reasons to Invest in Gold Now!
Throughout history, gold has represented wealth and money, and there are many reasons why you should invest in gold now.
In 2001 the gold spot price per ounce bottomed at $250 and has been rising ever since.
There is a long-term multi-year bull market in process, and gold is still an affordable investment.
Why is gold rising in price so dramatically? Gold has historically been a barometer of the health of our financial system.
Currently, the fiat paper money system is near collapse, and throughout history, any fiat paper money system has collapsed.
From ancient Greeks and Romans, through France and England in the 1600 and 1700 hundreds, to our own experiments with paper money in the Revolutionary and Civil wars, each time a ruler or government wanted to finance war or conquest, they just created more money.
Both the ancient Greeks and Romans debased their silver and gold coins to fund their excursions.
Later, both England and France experimented with paper money, which initially was backed by gold or real estate, but then couldn't resist the urge to drop the association to real money, and print up more.
America's own revolution was financed by "continentals", papers printed to use as payment for weapons and supplies for the new country.
Yes, it did the job, but as paper loses value, the cost of those supplies increased exponentially.
Whereas one continental started out equal to one silver Spanish milled dollar, the cost of one of those silver pieces eventually went to 100 continentals, thus the famous phrase, "not worth a continental".
Invest in gold now as a hedge against the ravages of inflation that always occur with a paper money system.
Annual inflation of 5% is thought by many to be understated by 5%.
As fiat paper loses value, as it inevitably does, people are less willing to accept it as payment for goods or services.
The velocity of money, or the rate at which money circulates through the economy, increases to the degree that people want only tangible commodities, and at that point, the commodities themselves become money.
Finally, looking at the charts for gold since 2000, the trend line is clear, we are in the first phase of a multi-year bull market in precious metals.
Did you miss the bull stock market of the 80s? Were you late into the tech run of the 90s? Did you get to the housing party too late? The investment opportunity of a lifetime is happening now, for the first phase of a bull market is the time to get on board.
The final phase occurs when the larger investing public becomes aware of the opportunities in gold and that's when the mania begins, driving prices exponentially higher.
Buying during the mania doesn't create big profits, but investing in gold now does.
In 2001 the gold spot price per ounce bottomed at $250 and has been rising ever since.
There is a long-term multi-year bull market in process, and gold is still an affordable investment.
Why is gold rising in price so dramatically? Gold has historically been a barometer of the health of our financial system.
Currently, the fiat paper money system is near collapse, and throughout history, any fiat paper money system has collapsed.
From ancient Greeks and Romans, through France and England in the 1600 and 1700 hundreds, to our own experiments with paper money in the Revolutionary and Civil wars, each time a ruler or government wanted to finance war or conquest, they just created more money.
Both the ancient Greeks and Romans debased their silver and gold coins to fund their excursions.
Later, both England and France experimented with paper money, which initially was backed by gold or real estate, but then couldn't resist the urge to drop the association to real money, and print up more.
America's own revolution was financed by "continentals", papers printed to use as payment for weapons and supplies for the new country.
Yes, it did the job, but as paper loses value, the cost of those supplies increased exponentially.
Whereas one continental started out equal to one silver Spanish milled dollar, the cost of one of those silver pieces eventually went to 100 continentals, thus the famous phrase, "not worth a continental".
Invest in gold now as a hedge against the ravages of inflation that always occur with a paper money system.
Annual inflation of 5% is thought by many to be understated by 5%.
As fiat paper loses value, as it inevitably does, people are less willing to accept it as payment for goods or services.
The velocity of money, or the rate at which money circulates through the economy, increases to the degree that people want only tangible commodities, and at that point, the commodities themselves become money.
Finally, looking at the charts for gold since 2000, the trend line is clear, we are in the first phase of a multi-year bull market in precious metals.
Did you miss the bull stock market of the 80s? Were you late into the tech run of the 90s? Did you get to the housing party too late? The investment opportunity of a lifetime is happening now, for the first phase of a bull market is the time to get on board.
The final phase occurs when the larger investing public becomes aware of the opportunities in gold and that's when the mania begins, driving prices exponentially higher.
Buying during the mania doesn't create big profits, but investing in gold now does.
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