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Monday, October 15, 2012

4 Facts Every GLD Investor Must Know by Robert Ross

Remember that physical gold is the only real weapon against governments devaluing their currencies and the runaway inflation that comes with it. Gold has been used as money for thousands of years and has historically always maintained its purchasing power, even in times of hyperinflation when paper currencies became worthless. Case in point: In the 1930s, when gold was trading at $35 per ounce, you could have bought a good-quality suit for a one-ounce coin. Today, at a price of around $1,600/oz, you can still get a good-quality suit for one ounce of gold. Try to do the same with 35 of your 1930s paper dollars.

If you want to invest in gold, take physical possession. http://burndownthefreakingmission.com

Posted via email from iPT Perpetual Traveler

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