Where To Buy Gold & Why You Should Buy It
October 14, 2008
As the World Governments borrow more and more money into circulation (see my last post), the paper money that they create becomes worthless. It takes approximately $22 US Dollars to buy the same amount as $1 would have bought you in 1913. This means that your dollar is worth less than 5 Cents compared to when it was backed by actual substance.
Why was the dollar worth so much more in 1913? Because it was backed by Gold. You could trade your paper money in for actual Gold Ounces. Gold cannot just be reproduced on a whim (like paper money) so it keeps much of its value…and as the dollar plummets, Gold will stay relatively stable.
Peter Schiff, one of the few minds to predict this Economic Crisis, talks about Gold in this video.
You don’t have to have a lot of money to buy Gold…you can buy any amount of Gold instantly at Online Gold Exchanges. This Gold is kept on hold for you at London, Zurich, or New York and you can sell it just as quickly. A lot of people have asked me where they should put their money….Gold. You can sell it off later for Euro’s or Yen or other currencies…but definitely get your money out of paper money and into substance if you want to save your Moneys Value.
Gold Will Continue To Rise against the Falling Dollar
October 15, 2008 at 5:58 am
[...] behavior is going to continue, I highly recommend reading my post Where To Buy Gold & Why You Should Buy It Posted by heavenlyproducts Filed in National US Debt, News Tagged: Bush: U.S. to use $250B to [...]