Buy gold – how important is it that our future economic survival

As a former psychologist passionate practiced Mindfulness Meditation for about 35 years, I appreciate strong, as fully and as accurately as possible both inner and outer reality aware. For me the clever and often quoted verse is out this in accordance with proverbs, “where it no vision, the people of the fall consecrated”

In a world like with complexity, not transparency, subtlety and outright lies, like ours, but is filled to see clearly is a very difficult challenge to say the least, and requires careful search much of the truth.

In this context I would like to summarize very briefly here, what I before kurzem in exploring the importance for the financial future of gold buy consciously become bin.Ich hope, it will be helpful for others who are interested in a precise answer to this important question are.

To this end, I believe it is important to understand the following basic background facts:

1. Gold has long been a basic standard trade in many of the great empires of the world. In modern times it officially become standard, what other currency was first coupled as gold specie standard and was later than the gold bars standard.Erstere 1821 launched in the UK. Canada followed in 1853, the United States and Germany in 1873.

2. In these and other countries these standards because of a monetary Union were crises with economic depression and/or war happened associated abgebrochen.Dies in the British Commonwealth at the WW I in Germany in the 1920s and in the United States in 1933.

3. After the second world war the Bretton Woods agreements establish a system similar to the gold standard.Through this system, many countries fixed their exchange rates against the US Dollar.Den USA, the price of gold at $ 35 per ounce in turn agreed to keep confidential. All currencies to the dollar linked had then, effectively, a fixed value of gold.

4. This ended in 1971, President Richard Nixon the direct convertibility of the dollar against gold, reduced to help finance the Vietnam war. This breakdown was known as “Nixon shock.”Since almost all Nations monetary based completely on “Fiat Money” – i.e., currency, to be, although it has no intrinsic value and is not gold or silver backed explains legal tender by a Government.For this reason is high risk, devalued or even worthless by hyperinflation.

5. For more than 70 years has print government money to keep thin Fiat financially afloat. Click for about the first 40 of this year happened very carefully, and continue to the dollar as universal money to pflegen.Die resulting liabilities that this process began his trusted status to accelerate significantly from 1970 to 1990 and has since dramatically increased then riding continuously on the international reputation of the dollar.This has allowed, Americans, the total a standard of living well beyond their means become genießen.Die level this debt staggering in totalling about $ 62,000 per American family.

Our current financial predicament as a nation, is highly similar to the one who hohes could bankruptcy Risiko.Mit in other words, if our national creditors were to stop confidence in US dollars and the $ consequently lost your acquired status as world’s universal money, this enormous debt steep bubble burst.Based on the historical precedents in other countries this would not only American wealth destroyed by hyperinflation, but our American freedom and likely to seriously undermine.

The only way to protect themselves against this potential financial disaster is to shift funds into something of intrinsic value, continue on its value despite such a possible collapse of the monetary system to behalten.Gold the value maintenance by monetary crises due to its long history the goods the to the frequently chosen as the best means to secure at least part of the own wealth.

Considering this option is considered including mark Faber, Michael Maloney, Robert Kiyosaki, Mark Arbeter, mark Luschini, Scott Redler, including the current consensus of several prestigious financial very important to me that to study history of the gold market – especially in recent years – and gain a clear understanding of their likely trajectory in the near future have gewesen.Dabei I.

In the past 11 years, gold steadily amounting to $ 253 per ounce on 9 / 99 to $ 45% per year was on 6/28/2010-a average.Authorities all the above without exception predictions that this increase will continue.Some of you, in fact (Mike Maloney and Robert Kiyosaki, especially), strongly argue that it will increase further, much higher – up to $ 5,000 per ounce, or out in the next few years.

I think Mike Maloney strongly convincing argument in this respect sein.Er indicates that this run-up on gold is first driven by significantly increasing concern about the progressive deterioration of Fiat money systems around the world. Moreover, this is an important way the first time in recent history of the gold market, that the populations of large South American countries, Russia and China are positioned, the demand for gold beitragen.entsprechend of his analysis doubled this-all by itself effectively the demand for gold.

On the basis of this extensive I arrived due diligence to fairly strong concluded that most people would probably advisable, at least some of your money in Gold.Diese convert view was in learn strengthened, the it is now possible to gold in very small (1 gram and 0.5 gram) quantities to purchase and it saved without charge in the vault by a renowned Swiss Bank haben.mindestens a company has developed a gold cash card can pay for purchases from their gold account customers.

Even more impressively, these pays attractive commissions to your customers, same company for others who are also customers.

For more information please click on the link below.