I thought so myself too, but careful analysis of the economic history of nations show that the currency that ALL nations are using nowadays, is backed by nothing. Yes you heard me, nothing. The worldwide reserve is the US Dollar, but the thing is, President Nixon in 1971 took the US Dollar out of the gold standard, meaning when previously the dollar was payable in GOLD, after the 1971 event, it was no longer backed by anything ! And if all nations are keeping dollars in their Central Bank vaults then, when the Dollar loses it's value (and it is already happening), the economies will suffer from a series of downturns--deflation, inflation, hyperinflation--you name it.
To protect our families from this coming economic ruin, most economic experts suggest that one hold their wealth in Gold and Silver, in this way this will be inflation,deflation,recession or even depression-proof way of dealing with the crisis.
My search for these precious elements is ticking by the economic clock and as me and my friends track down the best way to convert our cash into Gold and Silver, we have learned many vital things and as we share this knowledge, we hope that you will follow and secure your own financial future.
real value is intrinsic in these precious metals. its the safest way to protect our money from the on going economic downturn. Pinoy Money Talk also has great ideas on how to make our money grow in tough times...
ReplyDelete~the earning student