We’ve all seen the posts that explain how a nickel or a quarter isn’t what it used to be, but have you ever asked yourself why? It’s no coincidence and it only gets worse as time goes by. This phenomenon is called inflation, and it’s caused by central banks literally printing money out of thin air (most of times in a vain effort to stimulate the economy). It’s an invisible tax…The more dollars that are being printed, the less each one is worth, and there’s little you can do about it.
One option is to invest in silver and gold bullion (physical coins or bars). Precious metals have been considered of value since the beginning of recorded history, and continue to be considered a safe-haven investment in time of uncertainty like the one we are in now. Generally, you can see how in times of crisis and turmoil, gold and silver prices tend to rise, while other investments tend to decrease in value (depending on the sector).
Countries continue to express their distrust in the US Dollar and all major currencies are racing to see who devalues their currency the fastest, promoting trade, but hindering the purchasing power of the average person.
Ready to take the first step in protecting yourself against inflation and a potential crisis? Feel free to get in touch with me at firstname.lastname@example.org or give me a call and I’d be happy to go much more in depth on the subject with you.
David De Franco