Every so often, I receive an email asking me to recommend a reputable precious metals dealer or why I invest in gold and silver. I’ve talked at length on the topic of securing metals as a long-term investment, or tangible good; not only for times of disaster, but to simply preserve your wealth. As we have all plainly witnessed, the Federal Reserve has been on a printing binge for several years now, and with each new round of Quantitative Easing that is dished out, your hard earned dollar is worth less and less.
From my standpoint, tangibles endure the test of time far better than a fiat paper currency such as the US Dollar. A fiat currency has value only because of government fiat - or declaration. And since it is tied to the whims of governing politicians and bankers, it risks inflation, meaning that you will need to shell out more and more dollar bills for the same old product year after year. Look to the price of food, as an example. Prices inflate because the dollar is losing it’s fiat value – the Federal Reserve is stretching it too thin by creating more money and putting it into circulation....Continue ReadingView Comments (1)