The Modern Day Gold Rush

Investing in the stock market has been very risky over the past 15 years. Since 9/11/2001 the market has not shown great returns and then the housing bubble crash happened in 2008, which really put the cherry on top. One thing that has shown a consistent steady growth since 2001 has been gold. In 9/11/2001 gold was at a record low for $270 per ounce. Today gold is at a high of $1291 per ounce. It almost reached a record high of $1900 in 2012. There is a correlation between the amount of debt the United States owes and the price of gold. Gold is rising because the Federal Reserve is printing unlimited amounts of cash which is putting us deeper into debt causing inflation. Having financial stability is getting more difficult than it has been in the past. Gold and silver can be used as currency as it is stated in the U.S. constitution.

There are ways of buying gold in smaller quantities without breaking the bank or departing with large amounts of money at a time. Recently a company formed to fit that market, it is called Karatbars Gold. Karatbars was founded by Atasay Kuyumculuk Sanayi Ve Ticaret who developed a credit card with a gram of gold on it. This makes it much more feasible to own gold for the average person and be able to build up a supply of gold.

As their website states, “Karatbars gold bullion cards guarantee stability and to serve in times of economic upheaval as a possible payment and also a medium of exchange. Owning gold in smaller, more transaction friendly weights are strategically important.” Countries like China, Russia, Venezuela and many others have been buying gold by the ton. “Gold imports to China have surged over 700% since 2010, according to the latest data from Hong Kong.” What do these countries know that we may not know? Is the economy ripping at the seams and getting ready to collapse? Either way it is better to be prepared financially and have real money on hand instead of U.S. dollar paper money that would become worthless paper, like the Weimar Republic of Germany. If the market ever collapses everyone’s money invested in 401K’s would just vanish. Are you prepared to lose that?

By | 2016-12-14T17:04:59+00:00 October 11th, 2015|All Articles, Financial Topics, Mario Panicucci|