Obama Is Printing Dollars For Stimulus Plan. How Do You Insure Against Declining Value Of Dollar?
Your paper money will decline rapidly in the short years ahead for sure since Obama is printing paper money like mad. If you don't know where to invest your money now so you can beat the inflation that is looming, you should buy gold.
Buy gold in various form or mean, because gold will reflect the actual value of dollar. Suppose you can buy 1 oz of gold with 1 USD, and then Obama multiply the amount of paper dollars in the market by 10 times, then gold price will rise to the level where you can only buy 1 oz of gold with 10 USD. Make sense?
Government and establishments such as banks will tell you it's a bad idea because gold is too expensive. I guarantee you as long as they keep pumping out debts and printed money, gold will always get more "expensive".
Gold isn't a speculative asset such as real estate or stock, where people play the game of "greater fool" and hopefully they will sell these assets before the price drops.
Gold tends to reflect the true value of paper money. Gold is one of the best places to protect the value of your wealth from inflation.
So the government and banks get embarrassed when gold price rises, because it means the market is telling them that their printed money is worth less and less. They don't want to confront the truth so they just discourage people from using gold as the "real" dollars. Someday it mights come to when American has to buy an egg with a huge stack of paper money...
by OLYHOOCH 7 years ago
25 Bizarre Examples That Show That The U.S. Government Is Absolutely Brimming With Idiots, Incompetents And Incredibly Corrupt PoliticiansIf our founding fathers could see us today, what would they think? Unfortunately, they would probably come to the exact same conclusion that so many of us...
by Steven Dison 5 years ago
Should there be more cuts to budget in the short term, even with the threat of austerity looming?
by MikeNV 8 years ago
When these Tax "Breaks" expire... you know the ones put into place by that Evil Bastard Bush...Will they not effect those under $250,000? Of course Obama can just say he didn't raise them... he just let the existing "Breaks" Expire. This is the same as telling a man...
by Michael Willis 8 years ago
According to ABC News the Barack Obama stimulus package has indeed created jobs! There have been 6,000 new jobs created. The issue is...the jobs are being created overseas! Foreign Firms have accepted Obama Stimulus Money to create jobs. You know what....as I think about this...I thought the...
by Judi Burton 7 years ago
I find this argument sound and wonder at how republicans can be serious about the possible demise of the US Treasury Bond for the sake of taxes for the top 1% of the wealthiest Americans. Economists are flabbergasted right now at how far this has been taken.
by lady_love158 7 years ago
http://hotair.com/archives/2011/02/11/s … est-since/Seems even democrats dislike the job Obama has done on reducing unemployment... well I'm not surprised!!
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|