Is money worth what it used to be? No, and that is why we should all start looking into coins and investing in them because you can actually come up on top having coins instead of money. (Image by Curtis Gregory Perry via Flickr)
Are you a gold bug? Well for those of you who do not know what it is, it is someone that somewhat hoards gold. These people may just not be crazy like people try to make them out to be with the way that the economy is and the national debt that we have obtained over many years.
The national debt we have accrued started many years ago, and when I say many I mean 50 plus years ago. People are thinking that all these money problems we are having have started recently with the current president that we have, but that is far from the truth.
As he sees it, the dollar has lost 98 percent of its value since the Federal Reserve came into being, only 2 cents left. This is not fair. It misses enormous quality improvements since 1913. But efforts to control inflation via an "elastic" money supply have indeed often missed. Keep in mind, though, the Fed was set up to head off bank runs and panics, which did plenty of damage, too. Still, as the dollar has dived, precious metals have seesawed upward.
When gold was made illegal in the United States many years ago it was worth twenty dollars and ounce, it currently is close to 2,000 dollars and ounce.
The way the national debit is going the government is better off just throwing the dollar out the window and give up by going bankrupt. This is bound to happen and when it does we should all be prepared for it by having precious metals to be our new money, our bartering system.
...Get more insight Buy gold as a smart insurance policy
Start getting ready for when the economy goes down by trading in your money for some precious metals because their value is way better than a dollar, and bartering will be the thing of the future.
Are you a gold bug? Well for those of you who do not know what it is, it is someone that somewhat hoards gold. These people may just not be crazy like people try to make them out to be with the way that the economy is and the national debt that we have obtained over many years.
The national debt we have accrued started many years ago, and when I say many I mean 50 plus years ago. People are thinking that all these money problems we are having have started recently with the current president that we have, but that is far from the truth.
As he sees it, the dollar has lost 98 percent of its value since the Federal Reserve came into being, only 2 cents left. This is not fair. It misses enormous quality improvements since 1913. But efforts to control inflation via an "elastic" money supply have indeed often missed. Keep in mind, though, the Fed was set up to head off bank runs and panics, which did plenty of damage, too. Still, as the dollar has dived, precious metals have seesawed upward.
When gold was made illegal in the United States many years ago it was worth twenty dollars and ounce, it currently is close to 2,000 dollars and ounce.
The way the national debit is going the government is better off just throwing the dollar out the window and give up by going bankrupt. This is bound to happen and when it does we should all be prepared for it by having precious metals to be our new money, our bartering system.
...Get more insight Buy gold as a smart insurance policy
Start getting ready for when the economy goes down by trading in your money for some precious metals because their value is way better than a dollar, and bartering will be the thing of the future.
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With the national debt increasing, figure out how you can prepare by collecting provident metal
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