Gold is not only valued for its attractive, surface properties but also for its intrinsic qualities.
As one of the least reactive chemicals, gold maintains it luster because it does not oxidize in water or air.
Since its discovery thousands of years ago, gold has remained the fundamental premise for determining monetary policies.
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Gold values have historically remained high because gold is recognized everywhere in the world as viable currency.
No country would reject the use of gold as money, which is why it is the most popular hedge against inflation, economic and political instability or even the detrimental effects of natural disasters.
When paper currency loses its value, gold will always be thought of as the only form of money consistently useable in any region of the world.
Currently, market experts say we have been experiencing a bull market in gold for the last ten years.
Investment demand, along with an unstable economy and currency debasement, are the main forces driving up gold prices and the demand for gold as well as other precious metals.
How Much Do I Need to Ride Out an Economic Disaster?
According to Ron Paul, you can still purchase a gallon of gasoline with only one dime–a pre-1965 SILVER dime, that is.
By making this comparison, Mr. Paul was reiterating the point that while the price of all services and goods continue to rise, these prices reflect costs in terms of U.S. dollars, not precious metals.
Determining your monthly budget costs priced in gold standards is a good way to get an estimate of how much you need in gold to persevere through an economic catastrophe.
Remember to add several thousand dollars more to your budget total for unexpected expenses.
Also, you won’t need to worry about adjusting for a mortgage payment because, unlike lease payments, mortgages remain the same.
How long the coming economic collapse will last is anybody’s guess.
Incredibly high inflation persisted for nearly five years during the financial disaster that affected Germany in the 1920s so plan on stockpiling enough gold and silver for at least five years, if not more.
The High-Risk Pyramid That is the World’s Banking System
You know how much the U.S. is in debt to itself and to China.
In fact, the U.S. economy is teetering on the brink of a sweeping economic collapse that will forever change the way we live as a developed society.
People working in all industry sectors will probably lose their jobs because no one will have the money or the means to purchase products and services we used to take for granted.
Unfortunately for those who fail to take the initiative and invest in gold, surviving through an economic collapse will be painful, traumatic and potentially, impossible.
What about Investing in Gold Mining Stocks?
Gold mining is an expensive and risky business.
Because of the rarity of gold and the expense of digging through rock in order to find concentrated pockets of gold, the price of gold will always remain high and fairly unchanging in its worth.
Several risks potentially influence your gold mining investments. Since discovering a rich vein of gold may take some time, gold mining companies run the risk of depleting their finances before striking it rich.
Also be aware that many gold mining companies that issue stock shares are working in countries considered underdeveloped and politically unstable.
Gold Coins and Bars
Investing in gold coins and bars is a popular gold investment simply because gold coins are extremely valuable in all industrialized countries and can be used as barter in a variety of avenues.
Now is the best time to start investing in gold because of global economic insecurity that keeps gold prices low and accessible by anyone determined to survive the collapse of the U.S. economy.
A Closing Window of Time
Although they don’t advertise it, the feds are currently in the process of printing so much money that inflation is certain to destabilize the economy even more than it is now.
That can only lead to one outcome–a catastrophic collapse in the way we obtain items necessary for survival.
By ETF Daily News
Related Tickers: SPDR Gold Trust (NYSEARCA:GLD), iShares Silver Trust (NYSEARCA:SLV), iShares Gold Trust(ETF) (NYSEARCA:IAU), ETFS Gold Trust (NYSEARCA:SGOL), Market Vectors Gold Miners ETF (NYSEARCA:GDX).