Instead of buying a blender, clothes, video games, or anything else give the gift that will give for years to come- gold. That’s right the bright, beautiful yellow, shiny gold. Sure it may be the most expensive gift you will ever buy someone, but rest assured within a few years the receiver of your gold will be worshipping you for all the money that they made from it. And no I’m not talking about gold jewelry. I’m talking about gold coins or bullion.
Now let’s talk about why one should own gold.
1) Wealth Protection. Even in the best of times financial advisors (at least the smart ones) would advise you to put 10% of your portfolio in gold just in case an unseen financial calamity occurred. In today’s current financial market financial advisors (the smart ones) would advise one to put at least 20% of your portfolio into gold.
2) Wealth Accumulation. Since the tech stock market collapse of 2000 gold’s price has been skyrocketing to the moon increasing from a low of $252/oz to its current value of $824/oz. That is an increase of 326%. The Dow Jones Industrial Average in the same time has gone up a whopping 30%. In the last commodities bull market gold went up from $35/oz to $850/oz an increase of over 2,400%. If the current bull market performs as well as the last one then we will see gold at $6,048/oz! It’s safe to say that this current gold bull is far from over.
3) The U.S. Government. With the government bailouts of Wall Street and soon-to-be Detroit our currency is getting more worthless every hour. Helicopter Ben Bernacke is going to make sure that we don’t fall into a depression. This means that he is going to hit the printing press full steam ahead inflating us into an eventual hyperinflation, which will wipe out every man, woman, and child’s savings.
This is especially dangerous for senior citizens because they cannot afford that kind of devastation. Gold is the anti-inflation money of the universe. From time to time gold does an accounting of all the excess currency that was created and when hyperinflation hits those who are holding gold will be awarded handsomely.
"Through the many economic debacles in human history runs one common thread: those who financially survive do so because they own gold."
