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Preserving your wealth in hard times
Contributed by: Tamara Thoene on 6/23/2008

The name of the game today is to BEAT INFLATION. Your investments must go up faster than the loss of buying power of the dollar. For example, my parents bought a brand new brick house in 1969 with 3 bedrooms and 2 bathrooms for $14,000 US Dollars. Thirty nine years later the house appraised for $175,000. In 39 years the US Dollar lost buying power. What does that mean?

If a man had chosen in 1969 to SAVE his US Dollars in a coffee can, he would 39 years later be able to see each US Dollar was still in the coffee can. Would he be excited that he had lost nothing? He might be until he went shopping and he needed $175,000 US Dollars to purchase the goods he could have bought for $14,000 in 1969. The US Dollars didn't efficiently store his wealth. He needed 12.5 coffee cans of $14,000 to have the same buying power or to acquire the same goods. Gold protects your buying power/ability to buy the same amount of goods over time.

Let's see what would have happened if he chose to store his wealth in gold coins. He would have invested $14,000 in gold coins and then after 39 years convert them back to US Dollars, he would have been paid $307,000. This is enough to get the same goods (the house) and have $132,000 to furnish and decorate it. Gold and silver are known as an inflation hedge.

SHOW ME THE MONEY!

Storing wealth in US Dollars: $ 14,000

Storing wealth in Real Estate: $175,000

Storing wealth in Gold: $307,000

If you are interested in learning about diversifying your portfolio with precious metals call Tamara 303-771-5825 at Golden IRA's & Investments, Inc. No high pressure sales. I love to educate others about protecting their accumulated wealth. You may also visit www.goldeniras.com to learn more.




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CONTRIBUTOR INFORMATION

Tamara Thoene

Denver , CO

Tamara Thoene has posted 501 stories and 0 comments since joining on 3/13/2008. Tamara Thoene 's average story rating is 4.
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