Gold prices have been rising at an unbelieveable rate lately. I wonder why? Well for starters most people in the USA and now most of the world have lost confidence in our financial system and our current financial base for exchange, the mighty dollar. It is quite evident that the corruption of the politicians along with the powerful CEOS and VPs of these once great financial companies have let greed overtake their moral compasses. In exchange for lax laws pertaining to the mortage lending market ( borderline criminal in my opinion) the politicians were hoping to produce what apeared to be a booming economy, which they did, for a while. This all came tumbling down when reality set in and loans were not being paid down. They didnt know this was what the outcome would be? Even a child knows if you loan money to a questionable source odds are you will not get it back!
Watching the trickle down effect of this crisis is amazing and truly points to the fact that gold is the only true form of wealth. While stock portfolios, 401k plans and mutual funds are sinking gold is rising like a rocket. Why? People can not only use gold as a hedge against inflation(i.e. store there wealth and keep its value) but also in these dire economic times increase their wealth and make a profit. Gold price per ounce is highly undervalued right now and should be increasing even more dramatically as news of our troubles spread and create a like effect throughout the world. Buy gold not only as a source for storing your hard earned money but also as an investment free of being produced at the will of the politicians when ever they need more. Rememer there is a limited supply of gold- Rareity is a good thing.
1 comment:
I always believe in gold. It is indeed a very good business. You can start your business through gold parties.
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