The Stability of Gold Even In Times Of Debt

Americans have become deep in debt in so many ways for the last 3 decades. The debt brought about by the irresponsible use of credit cards has reached a level where the United States has negative savings rating. A lot of Americans are buying so many things on credit. They buy things that they do not even use. Their debt piles up and it becomes impossible for them to pay off their debt. In the 1990s, most Americans paid for their daily living expenses with their credit cards and used their trading stocks and cash assets in the internet trade. The trend eventually ended and a lot of wealth was lost.

Credit card debt can bury you alive. As the debt grows, the interest also grows. As time passes, your debt also grows bigger. It can reach a point where the amount you are paying each month is only enough to cover the interest on your debt. It is almost impossible to pay off such a huge debt unless you win the lottery.

The nation is buried deep in national debts and deficits. Many administrations have begun programs with no funding at all. The government has also acquired weapons, aircrafts and sea vessels to modernize the armed forces but they were all acquired through credit. The debt of the nation will be passed on from generation to generation. The children of your children will grow up paying the debt that has accumulated generations before them. The only problem is that as the years go by the interest on that debt is also growing. The interest alone is adding billions of dollars to your liabilities. The government has made a useless attempt at offsetting all this by printing large quantities of money. The problem is that, the high circulation of money has lowered the value of the US dollar, making the nation even poorer.

In times of economic instability, there is one thing that remains stable and that is gold. Even as the value of the US dollar has plummeted, the value of gold has risen. If inflation is sky-high and the value of the dollar hits rock bottom, the value of gold will soar. This has been the same for thousands of years.

Instead of buying things that you do not really need, buy gold coins instead. The value of a car depreciates over time but the value of gold rises as time passes by. Buying gold is the best way that you can protect your future as well as the future of your children.