For the past decade, gold prices have been on abreathtaking ascentand have reached some of thehighest recorded summitsin 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 thisiconicprecious metal. Rising gold prices oftencoincidewith 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 inmassive stimulusprograms byborrowing and spending almost $1 trillionand our central bank (the Fed) has supported amassive and unprecedented expansionof 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, areunder threat. When investors distrust the stability of a nation’s currency—especially a currency as important to global commerce as the dollar—they look forhard assets of true valuethat 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 oneveryone’smind:
· 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?
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