Why You Must Buy Silver & Gold To Protect Your WealthThe US Government's greatest achievement in the 21st century is the export of US dollars, inflation and global recession. Printing of massive quantities of dollars results in a weakening of the currency versus other currencies. In order to prevent their own currencies from strengthening against the dollar, countries like the UK, Germany, India and China (just to name a few) are issuing their own bonds and buying up US dollars. As a result, every currency is weakening against Gold and Silver.
There is a very reason why these two precious metals have functioned as currency for over 5,000 years. A few decades of the Bretton Woods agreement cannot replace it. If we have learned anything from history, it is that paper money or fiat currency is unsustainable and always ends in extreme devaluation. That is why central bankers have stopped selling gold even as it has crossed the $1000/oz level and countries like China are stockpiling increasing amounts of gold and silver. Zimbabwe which took quantitative easing to the utmost levels has devastated its economy, printed 100 Billion Dollar bills and resulted in the citizens having to trade gold and silver to buy food and daily necessities.
Make sure you start buying gold and silver while the prices are still low. $1000 per ounce of gold may seem like a lot buy you can start buying it in 1 gram increments for under $50/gm. Subscribe to our RSS feed for the latest articles about gold and bookmark our silver price and gold price pages.