The Best Protection Against Hyperinflation Tomorrow Is Buying Gold Today

Surely you have noticed that your money is not buying you the same amount of gas, food and basic supplies that it used to. What may have gone unnoticed is the sneaky way food companies are selling smaller packages, even while they’re charging higher prices. This is serious inflation in action. Hopefully you have begun buying gold, but if not, it is time to get started.

The value of precious metals are directly related to the value of fiat currency, paper money. When money is strong, metals are at their weakest point. When money is weak, metals increase in value. The fact that this precious metal is at an all time high is a very bad indication of the state of the world’s reserve fiat current, the US dollar.

Nobody is trying to say the fiat currencies of other nations are faring much better. In fact, the once heralded Euro, is on significantly shakier ground than is the dollar. It makes sense to purchase gold no matter where on earth you may reside.

The thing to keep in mind is that the value of precious metal is in relation to the dollar. If you buy a metal at $1,600 an ounce and it goes to $5,000, that commodity is actually basically worth what it was when you bought it. The point is, if that happens, it means the dollar would have lost two thirds of its value.

Or put another way, 2,000 years ago, you could take an ounce of gold and buy a nice suit and shoes. The same is true today. Notice that the metal is merely holding value, while currency is what always declines.

History proves that currency and the governments that create them, all come and go. All fiat currency will eventually become worth nothing.

Many years ago, the people in charge of the monetary system devised a way around this fact. They tied the paper money to gold. We had a gold based currency system. For every dollar of fiat currency, the government held a dollars worth of the metal.

If the government wanted more money, they would not allowed to simply conjure it out of nothing, because it was required to have its precious metal counterpart, stored someplace to give it value. It was actually a very good system, but politicians abandoned it quite a few decades ago.

By getting off the gold standard of currency, governments were suddenly enabled to spend a lot more money than they took in. They financed all kinds of programs and wars that would never had happened otherwise. This reckless spending came with the price of interest payments to the federal reserve banking cabal, as well as other countries, like China, who have financed the debt of the USA.

In fact, financial authorities are warning that there is no way the government will ever get out of debt, and that the time is approaching that it won’t even be able to make it’s quarterly interest payment. Now, you hopefully understand some reasons why it is wise to buy gold Toronto.

Whether you need to buy gold in Toronto or sell gold Toronto, visit Omni omni cash for gold. As a leading gold buyers Toronto, they provide on the spot assessments or mail in kits to provide customers with quick and convenient cash.

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