In the bigger picture, the U.S. has the same economic problems as Europe. And both countries follow the very same fiscal and monetary policies of printing money and piling on government debts.
These policies are principally bad for the stability of a currency. Hence, both the euro and the dollar should fall relative to gold.
In fact, it’s already happening!
Back in 2001 you could buy an ounce of gold for $250. Today, it takes about $950. And the euro has tumbled almost as much: From €250 to €680 for an ounce of gold.
So consider moving a piece of your portfolio out of the euro and the dollar and into the one stable and time-proven currency: Gold.
These policies are principally bad for the stability of a currency. Hence, both the euro and the dollar should fall relative to gold.
In fact, it’s already happening!
Back in 2001 you could buy an ounce of gold for $250. Today, it takes about $950. And the euro has tumbled almost as much: From €250 to €680 for an ounce of gold.
So consider moving a piece of your portfolio out of the euro and the dollar and into the one stable and time-proven currency: Gold.
No comments:
Post a Comment