I believe that there are two powerful, valid reasons for buying gold bullion:
1. To protect your money from financial catastrophe.
2. To protect your money from the debasement of the dollar.
Let's take a look at reason number one:
1. Buying gold bullion as a way to protect your money from some sort of terrible financial catastrophe, such as a bank failures, wars, acts of terrorism, etc.
They seem to be everywhere these days, don't they? I'm refering to those doomsayers who like to promote buying gold bullion as an insurance policy against the collapse of the global financial system. A few years ago, they were dismissed as extremists, crazy, and even delusional.
Yet after the gut-wrenching turmoil we've seen in the financial and credit markets over the past few months, their doom and gloom scenarios don't seem so unrealistic any more, do they? In fact, an investor who was wise enough to allocate ten percent of his portfolio in gold bullion is probably sleeping pretty well these days.
Okay, now let's look at reason number two:
2. Buying gold bullion as a protection against the debasement of the dollar.
Right now, the government is cranking their printing presses into high gear, churning out an ever greater quantity of paper dollars. In the Federal Reserve's book, deflation must be avoided at all costs and no debt is too great to be monetized in order to keep the faltering financial system going.
A central bank simply can't participate in unrestrained money printing like this without the dollar losing value. If you own dollar-denominated assets instead of gold bullion, your value of your wealth is going to slowly diminish.
I don't know what the eventual outcome from the current credit crisis is going to be. If could be total financial catastrophe. It could be complete devaluation of the dollar. Or it could turn out to be both.
Going forward, the investor who owns gold bullion will be able to overcome both.
You can protect your hard-earned savings from bank failures, financial catastrophes, and the devastating effects of high inflation with pure silver and gold bullion coins.
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