In this article I will explain why Gold and Silver are the best options to protecting your wealth in this volatile world economy. As Investing Expert and #1 Best Selling Author Michael Maloney said, “The most dangerous investment is in U.S. Dollars.”
Since the beginning of civilization, Gold and Silver have been a safeguard of wealth. As world currencies fluctuate in value, these precious metals have always maintained their value, and are great options for anybody to hedge their wealth against inflation in our volatile economy.
Since the world financial crisis began, roughly in 2008, the Federal Reserve has been printing money like crazy, nearly doubling the amount of U.S. Dollars in existence to nearly $2 Trillion. This mass over-printing of money within a short period of time causes inflation. Due to inflation, the U.S. Dollar is actually becoming less valuable.
It’s my belief that since the U.S. Government and Federal Reserve have over-printed money in mass quantities since 2008, this has caused the jump in price of Gold and Silver. For example, in 1971, the average price of Gold was $40.62 per ounce. Just five years ago, in 2005, the average price of Gold was $444.74 per ounce. Today, in 2010, the price of Gold is $1276.20 per ounce. In 1971, the price of Silver was $1.39 per ounce. Just five years ago, in 2005, Silver was averaging $7.31 per ounce, and today, in 2010, Silver is $20.80 per ounce. That is a 287% increase in the price of Gold over a 5 year period and a 284% increase in Silver over the same time period.
As global economic conditions continue to deteriorate, more and more people are realizing that Gold and Silver have historically been an excellent safeguard of personal wealth. It is my belief that Gold and Silver are rock-solid, long-term investments. I advise everybody to continue to research the fantastic opportunities to invest in Precious Metals.
Dylan Wirtz is a Wealth Development Advisor located in Santa Barbara, California. He is an expert in Gold and Silver Investing. To learn more go to: http://www.DylanWirtz.com
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