Why Buy Gold?
Are your finances protected? Gold has been the foundation of wealth as a monetary basis for centuries. In the year 2010, with the recession and ongoing crisis worldwide in financial markets, investors from all walks of life are adjusting their portfolios from “paper assets” to buy gold coins and gold bullion for protection, insurance and growth against uncertainty, terrorism and the eroding effects of hyper-inflation. American Bullion is here to assist you for all your needs from A to Z.
The U.S. dollar is shrinking in value. It is no surprise to anyone; a dollar does not buy what it used to!
The U.S. Government is printing money at an increasing rate and the Federal Reserve Money Supply has doubled since 2008! The new global economy which has developed over the last ten years has seen a boom in the development of China, Brazil, India and Russia. The world is awash in U.S. dollars as the U.S. has sent trillions of dollars abroad to pay for products, services and commodities. According to a government report, the U.S. Dollar Index is down 37% since the year 2001.
Therefore, if you had $ 100,000 in U.S. dollars in 2001, and the buying power has been shrinking every year, in early 2010 buying power would be reduced by $37,000. Simply put, the U.S. dollars in your pocket bought you fewer products and services each and every year. With the federal bailouts and federal economic stimulus packages approved by Congress during 2008-2009, the U.S. Money Supply has skyrocketed. The U.S. dollar is being “watered down” in value.
Gold, on the other hand, has steadily increased in value over the last ten year cycle while the U.S. Money Supply has more than doubled. Gold prices have increased approximately 350% from 2000 through 2010. Many institutions buy gold for protection against the paper markets, including the 152 year old insurance company Northwestern Mutual Insurance, who in 2009 purchased $400 million in physical gold for portfolio protection.
American Bullion specializes in adding precious metals such as gold and silver into individual retirement accounts. To learn more, call 1-800-326-9598 and speak with a precious metals specialist.