Thursday, October 8, 2009

Gold Price Is No Surprise

First, "they" devalued your carefully saved investments with the great financial crisis and stock market crash last year, then "they" started spending money as fast as it could be printed, setting the stage for inflation to wipe out the value of what little you had left. The dollar that was recently (2002) valued at $1.24 in the international market is now worth $0.74. So people are running to any investment that will rise higher than inflation. Many people believe that it's gold which closed today at $1,055. It still hasn't reached the inflation adjusted high of $2,275.99 from 1980 when the country was mired in stagflation, but it's headed in that direction.

In times like these, you need to exercise all the creativity you have to protect your assets and provide for your family. I suggest you get started by watching this interview with Robert Kiyosaki, author of Rich Dad, Poor Dad. He may not have the exact plan for your situation, but he will help you to start thinking outside the box.

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