What is happening to the dollar? With the economy in such a sad state, the current administration has decided that it is necessary to print more money to be infused into circulation. That seem like a good idea from the onset, but there are holes in that logic. Our nations past experiences have shown that when more money printed with out goods and service demand to back it up, we experience a little thing called inflation.
Back in the 1970's under Jimmy Carters administration, that same monetary policy was practiced and our nation experienced high inflation and high unemployment. As a concerned citizen you may think to yourself, what can I do to combat against this current problem. Well one thing that I believe is a good hedge against inflation is gold. Back in the early years of our country gold was used in the real sense to back the dollars value. Since that time that practice has been less practiced sine we have run out of gold and are now using the faith in the US economy to back the dollar.
In short for those of you who understand the old theory of supply and demand, it who be beneficial to you and your family to back some of your portfolio with gold. Please remember that this is my humble opinion and do do your own research to determine whether or not it would be to your benefit to buy gold yourself.
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