Want to start a savings plan? Here is one for you. Pull all of your savings out of the bank, buy a heavy-duty, fire-proof safe, and put your money into gold. Not a "certificate", but real, hard, tangible gold; coins, bars, bullion, etc.
Not
only does gold provide a hedge against inflation, but by keeping your own wealth
in your hands, you have total control over it.
Why would you keep your money in a bank that's giving you 1/2% interest
while they loan out the same money at 9, 10, or even 15%. Why make the Banksters rich? They don’t create wealth; they just move it from
an entry on one spreadsheet to another.
There
is a finite amount of gold in the world.
It takes much effort to mine, process, and get that gold out on the
market. Not to mention, gold has been
considered a symbol of wealth for thousands of years, and that's not likely to
change. Here is a little lesson in gold
vs. the Dollar. A little over one
hundred years ago, a man could buy a top-of-the-line suit with a $20 gold piece
(an ounce of gold). Can you buy a
top-of-the-line suit with a $20 bill today?
No way! But you could take that
same one ounce gold coin and buy that suit!
See what I mean?
Gold
doesn't really appreciate in value (until the world's supply runs out) over time,
it's the value of the Dollar that
depreciates due to inflation, which means it takes more Dollars to buy the
same amount of gold. A paper Federal
Reserve Note, isn't worth much at all. (it costs less than 6 cents to print). It's not backed by anything, and the only
reason a $10 note is worth more than a $1 note, is because the government says it
is. There is no tangible or intrinsic
value to paper money, and the government just prints it out of thin air!
I
am not a financial advisor, and any investments should be made with the
guidance of a professional. Remember to
invest with your head, not ever it. Only
invest money you can afford to lose.
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