Over the past decade, gold and silver have outperformed the Dow Jones, S&P 500, bonds, mutual funds and CDs. Few investments have been able to match the overwhelming returns and performance of gold and silver.
Today most analysts report gold and silver being far undervalued. Trading near 3 year lows has seen a gold buying frenzy across the globe and with silver at near six year lows it is no wonder why mints across the world are selling out as they struggle to keep up with demand.
Gold and silver are now priced under the cost of production creating an incredible opportunity to buy a secure and tangible asset well below the highs. Now you can get in on the lows close to 30% below where its been and where experts say its poised to revisit and possible surpass potentially hitting a new record for the gold spot price.
Recently in the month of September 2015, the NIA (Naitional Inflation Association) announced it believes gold could double in the next 12 months!
Those who know the market agree that with the current unstable economy, now is the ideal time to buy gold. The world’s leading economists are predicting current precious metals prices to double over the next five years.
Alan Greenspan said “gold still represents the ultimate form of payment in the world. It’s interesting that Germany could buy materials during the war only with gold. In extremis fiat money is accepted by nobody and gold is always accepted and is the ultimate means of payment and is perceived to be an element of stability in the currency and is the ultimate value of the currency. And that historically has always been the reason why governments hold gold.” ‘In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value… The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves. This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth.'”
The price of gold has increased by over 300 percent since 2001. Factors that have been influencing the continuation of this growth include rising economic insecurity, the devaluation of the U.S. Dollar, the rapid rise of the national debt and fears of inflation, a volatile stock market, and record global demand of physical gold and silver. Great worries also lie present about slowing economic growth in emerging markets, especially in China causing global markets to have increased demand for safe haven investments like gold and silver.
With the endless printing of the U.S. Dollar, inflation is a major threat. Inflation is the overall upward price movement of goods and services in an economy. Usually this is caused by an increase in the monetary supply. Through the entire globe, history has never seen such an aggressive increase of money supply like we have seen the Federal Reserve do in the last decade. Over time, as the dollar becomes inflated, the cost of goods and services increase, the value of the U.S. Dollar will fall and consumers won’t be able to purchase as much with that dollar as he/she previously could. Inflation, compounded by extremely low interest rates is a poisonous combination that could ignite an explosion of hyperinflation. Americans are paying a great cost by investing their wealth in a currency such as the dollar that is designed to fall to zero value. Don’t be a sitting a duck by allowing congress to spend your money by printing more of it and having you pay the price of lower wages, higher taxes and overall increase in the cost of living. Protect the value of savings, ensure that your life long earnings will still buy you ten years from now what it buys today. Historically gold has been the most effective and efficient way to guard your money against inflation.