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Gold for Food

Blog Nov 11, 2010

As American citizens we have all lived, for the most part, very privileged lives.  Our county has been one of the strongest, most productive and wealthy in the world.  It has only been recently that we have seen this come into question.  As the global economic crisis began to heat up in 2008 the United States responded with money printing like so many other governments have done in the past.  The saying goes that history repeats itself, but it seems as though our leaders don’t seem to heed the warnings of the past.  The Federal Reserve recently announced that it would print $600 billion dollars to inject into the US Government by way of Treasuries.

Look at what has happened when other countries around the world have printed money.  Eventually the rate at which they printed money picked up to a level of hyperinflation and ultimately created a collapse in their currency.  Germany and Zimbabwe are a couple of examples within the last 100 years.  What I don’t think Americans understand is what can actually happen to their lives if hyperinflation or a currency collapse occurs.  Watch this 7 minute video on Zimbabwe that was filmed just two months before their currency was declared dead.

[youtube]http://www.youtube.com/watch?v=s3LdNxV0yPM[/youtube]

I believe that if we continue to print money at the rate we have in the last two years we too could see our currency collapse.  I love our American lifestyle and I want to continue to live it as I am sure you do as well.  Therefore it is important to create a plan now! Get gold and silver if for nothing else than protecting your assets and giving yourself options in the event the dollar gets hyper-inflated into oblivion. Once you buy gold coins or silver for that matter, you can at least rest assured that you have done what you can to protect yourself.  Then we can all continue to hope that we will come out of this mess in a positive way. If the dollar survives then you can do whatever you want to do with your gold and silver, by then hopefully it will have grown in value considerably.

Thumbnail Photo We believe that everyone deserves a properly developed strategy for financial safety.

Lynette Zang

Chief Market Analyst, ITM Trading

Sources & References In This Article

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