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?
- What does the modern investor need to know about gold?
- Where and how can I buy or invest in gold?
