For the past decade, gold prices have been on a
breathtaking ascent
and have reached some of the
highest recorded summits
in 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 this
iconic
precious metal. Rising gold prices often
coincide
with 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 in
massive stimulus
programs by
borrowing and spending almost $1 trillion
and our central bank (the Fed) has supported a
massive and unprecedented expansion
of 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, are
under threat
. When investors distrust the stability of a nation’s currency—especially a currency as important to global commerce as the dollar—they look for
hard assets of true value
that 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 on
everyone’s
mind:
· 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? We
· What does the modern investor need to know about gold?
· Where and how can I buy or invest in gold?