Your individual retirement funds are not supported by anything that has real value. This is true for as long as possible. The only actual money has ever known are gold and silver. Read more now on gold and silver IRA reviews.
Despite the economic turmoil and upheavals, the US dollar was stable when it was still being supported by gold. The gold-standard was repealed and the currency that you owned in your IRAs has continued to decline.
All the retirement accounts have lost 40% of their value! If you don’t find this alarming, keep your money in those accounts and guard it with thin air. Inflation cannot affect gold as real money.
What’s the deal?
The biggest reason for the imminent economic collapse would be inflation! Your fund managers might tell you that you have seen your money increase by 12%. Before you celebrate, make sure you check the inflation rate of the economy and then shout victory if the increase is justified.
The US dollar can destroy the value of an asset, but it cannot accumulate the exact same value on another asset. Because of the printing of paper currency, there are tons of them. This is the government’s method of getting more paper money to subsist its operations and keep it afloat. This is why inflation can be so disastrous for those who do not have protection against such disasters.
This value rests in GOLD, according to many smart investors. Every single one of the many pieces of paper money that exist will be taken into account to determine the gold price when the BOOM happens worldwide. Inflation is depriving the US dollar of its purchasing power. The boom can be anticipated using the indicators of volatile markets and economy. Take advantage of these indicators to predict the future.
George Sorosranks 26 in Forbes’ list of world’s most powerful billionaires. They stated that the US dollars is very weak, and that investors are switching to real assets.