For those of you who are neophytes to the τιμη χρυσου σημερα and silver market, you probably have many questions. You may be asking yourself, “Why buy gold?”. That is a very good question. Depending on whom you ask you will probably get a different answer. I will tell you the reason why you should buy gold…Because GOLD IS MONEY!
When (notice I did not say “if”) our currency fails (and it has to!) and our paper money is worthless, owning physical gold (and silver) will become the globally accepted currency. People will need gold to purchase the essentials of everyday life!
Another reason to buy gold is… Because Gold Is A Store Of Value! Gold never loses its value. The same amount of gold will buy an average home today as it did in the 1920s! The price of gold has an inverse relationship with the value of the dollar.
When the dollar is up the price of gold goes down. When the dollar falls the price of gold increases!
Quick Historical Fact: Throughout history, all the fiat currencies of great civilizations have failed! The U.S. dollar has had a nice run but it too is coming to a fast end! Learn from the past or you are doomed to repeat it!
Our nation is on the verge of a TRAUMATIC Economic disaster! The perfect economic storm is forming and it is just a matter of time before it hits. When that happens, hyperinflation will occur and the dollar will collapse.
Those who own gold and I mean “physical” gold, not stocks of gold companies, will become wealthy! At this writing, the price of gold is approximately $1,500 per ounce! I predict that within two years or less the price of gold will hit $5,000 per ounce or MORE!
In addition, here is the reason not to buy gold… Because Gold Is Not An Investing Vehicle! Yes if you bought gold and especially silver in the past few years, and held on to it, you have made quite a nice profit! However, trying to play roulette with the price of gold and silver is a fool’s game.
Buy gold because… It Is A Hedge Against Inflation! As prices go up and the purchasing power of the dollar drops, your money is becoming worthless. So what if I am wrong and we do not experience hyperinflation and you went out and bought a boatload of gold and silver?
What is the worst thing that could happen to you? You would still own a boatload of gold and silver. Guess what? The value of gold and silver NEVER GOES TO ZERO!