For the past decade, gold prices have been on a breathtaking ascent and have reached some of the highest recorded summits in modern history. Many investors speculate that these values will rise even further.
History has shown us that the strength or weakness of the global economy determines the value of this iconic precious metal. Rising gold prices often coincide with weakening currencies and economic uncertainty and act as a “compass” indicating the direction the economy is heading. Being able to read this compass is critical!
Beginning with the credit crisis of 2008 and the deep recession that followed, our Treasury has engaged in massive stimulus programs by borrowing and spending almost $1 trillionand our central bank (the Fed) has supported a massive and unprecedented expansion of the money supply—both threatening to weaken our currency and trigger a painful cascade of inflation.
The meteoric rise in the value of gold reflects a common, global perception that world currencies, particularly the U.S. dollar, are under threat. When investors distrust the stability of a nation’s currency—especially a currency as important to global commerce as the dollar—they look for hard assets of true value that can protect their hard-earned wealth. Learn how you, too, can safeguard your wealth, hedge against adversity, and diversify your portfolio through gold investing.
In this book, you will find answers to those questions on everyone’s mind:
· Why is the price of gold increasing so quickly and dramatically?
· What do these increases tell us about the health of the overall economy?
· Can gold be a safe haven for wealth and a hedge against economic turmoil?
· What does the modern investor need to know about gold?
· Where and how can I buy or invest in gold?