The “Buy and hold ” system has become “buy and hope. ” The one asset that would have helped stabilise your portfolio isn’t ever counseled by CNBC or your money confidant. One can’t depend on CNBC or standard fiscal media recommendation as they’re misinformed. Repetitively CNBC hits gold as gold is the enemy in their book. They’d prefer to you put your trust in assets that do not counteract the decline of the US buck.
How has that worked for stockholders the last ten years? Not well. It’s not your fault you have been unprofitable on your investments but you are not being informed the entire truth about investing to start with and things sadly are far worse than you might imagine. We have experienced in 2008 and 2009 a horrible Worldwide stock exchange downward spiral and the US market had not seen this sort of decline since the great depression. While nothing goes straight down, and rebounds like we are experiencing now will and do happen, those rebounds may only be.
Govts have made it so we do not know much about making an investment in gold. The US Government hides from us how much gold is held in Fort Knox and will not even let us audit it. Gold used to back our currency but for the last 38 years it’s not. What truly backs our currency? The answer’s the full religion and debt of the US govt. The buck has lost 81% of its buying power in those 38 years. What cost $1 in 1971 costs $5.31 today for that very same item.
Gold used to be the money of our forefathers. Unfamiliarity with how gold fits into ones understanding of money or perhaps the correct way to include gold as an element of a diversified portfolio isn’t your fault either. It is one of the unclean strategies you are better off without knowing about. That is, unless you would like to shield your wealth from confiscation thru the approaching tsunami of inflation. The most up to date market in the last ten years and your finance confidant had the chance to put you into gold but they did not do it.
So next time you see your finance confidant, ask them about gold and expect a negative response.
Then show them the table below and ask them why they did not have you diversified into gold the last 5-10 years and the reason why they are not recommending you insure the constant decline in the States dollar with an investment in gold today. Remember, if your portfolio goes up ten percent and the US dollar falls 10%, you have not gained any true wealth. Diversification into gold can help counteract the fall in the USA dollar and maintain your wealth.
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