Throughout history, represented the wealth of gold and money, and there are many reasons why you should invest in gold. In 2001, the spot gold price per ounce to $ 250 plan and has increased since then. This is a long-term multi-year bull market, and gold is still an affordable investment.
Why gold has risen in price so dramatically? Gold has been in the past, a barometer for the health of our financial system. Currently, the system of paper money Fiat just before the collapse,and in the course of history has collapsed all Fiat paper money system. From the ancient Greeks and Romans, through France and England in 1600 and 1700 hundreds of our experiments with paper money in the revolutionary and civil wars, each time a sovereign or government wanted to finance the war or conquest, have just created more money.
Both the ancient Greeks and Romans debased their silver and gold coins to finance their travels. Later, England and France experiencedPaper money, which initially backed by gold or real estate, but then could not resist the temptation to fall to the association for real money and printed on more. America's revolution was funded by the mainland ", printed paper to be used as payment for weapons and equipment for the new country. Yes, it is work, but as the paper loses its value, increases the cost of providing exponentially . While a continental immediately started a Spanish milled silver dollar, the cost of thisPieces of silver at last after 100 Continentals, the famous phrase "not worth a Continental".
Invest now in gold as a hedge against the ravages of inflation, which always occur with a system of paper money. The annual rate of inflation of 5% will be assessed by many to worry about 5% too low. Fiat as paper loses its value, as inevitably happens, people are less willing to accept as payment for goods or services. The velocity of money, or the speed with which money circulates through the economy, rose toTo the extent that people want only material goods, and at this point, the products themselves to money.
Finally, look at the chart for gold since 2000, turns off the trend line, we are in the first phase of a multi bull market in precious metals. You missed the bull stock market of the 80s? You have been lagging behind in technology during the 90s? They too late for the party building? The investment opportunity of a life is happening now for the first phase of aBoom is the time to get on board. The final phase occurs when the wider public knowledge of potential investments in gold and that's when the addiction begins to exponentially drive prices higher. Buying during the mania do not create huge profits, but investing in gold is doing now.
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