What the Federal Reserve Doesn't Want You to Know
The United States' original monetary system that was set up by the Founding Fathers had limits to how much money could be printed. The U.S. currency was backed by gold and silver, creating a gold standard. This is why Fort Knox existed. By 1971, with the help of global and political events, the United States was completely off of the gold standard, and there were officially no limits to how much money could be printed up by the Federal Reserve. Since then the economy has had booms and busts many times over, and on a global scale we are all feeling the repercussions of having a monetary system that is without discipline.
One thing as certain as gravity is that precious metals, more importantly gold, will protect you from hyper-inflation in the coming times due to all the money that is being printed up by the Federal Reserve for bailouts and so forth. Precious metals have historically been a proven hedge against hyper-inflation. In the 1970's, the U.S. dealt with massive inflation and at its peak in that time inflation reached 13.3%. The U.S. economy was not in nearly as much trouble as it is today.
Due to the 13.3% inflation rate in the 1970s the value of gold skyrocketed and had a growth of 2500%. This explains the current gold rush that is occurring, and more importantly illustrates where gold could hit in the coming times. Never in our nation's history have they printed up so much money, and soon Americans will feel the repercussions, in the form of massive hyper-inflation. If inflation was at 13.3% in the 1970s and the value of gold grew by 2500%; you can only imagine what is coming our way in the very near future,
and what this will do to the precious metals market.
With the hyper-inflation on the way and gold being a limited resource the time to put your wealth in precious metals is now.
About the Author:
federal reserve, wealth secrets, investment advice, stock collapse, world market, bailouts, collapse of America, gold price, buy gold, cheap gold, discount gold, buying gold, coin prices, wholesale gold, gold prices, gold investing ,gold news, gold coins, gold bullion, gold IRA, gold 401K, gold market, free gold guide, gold tips, regal assets
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447
Date Published :
Mar 19 2009
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