As you probably already understand, owning gold is a good hedge against economic downturns.
For centuries, gold has been a viewed as safe money. It is a reliable store of value and wealth at times when paper currencies are losing their value. And the more those paper currencies lose value, the higher the price of gold climbs.
This diluting and weakening of the U.S. dollar seems set to continue indefinitely. And the worse it becomes, the higher the chances of inflation or, in a worst case scenario, hyperinflation.
To make matters worse, the U.S. government is not alone in pursuing a policy of taking no action to reduce public debt and stop printing money.
The Japanese and most European countries are doing the same.
As we face the brink of a major financial breakdown, everyone is being curiously quiet.
In the run up to the 2008 collapse, only a few voices were warning of disaster. That’s not so surprising, because the causes of the collapse were complex, and beyond what most of us could understand.
But today, the problem is in plain sight.
You don’t need a degree in economics to understand that printing money in an attempt to stimulate growth, and manage an ever growing debt, is a recipe for disaster.
This is the underlying reason why the price of gold has gone up so much over the last few months. And the gold price will continue to grow until the time when public debt is under control. And it doesn’t look like that is going to happen any time soon.
In short, if you want to protect your wealth and your family during the years to come, it’s time to buy gold coins, or more gold coins. Or, if you prefer, gold bullion.