Many people were predicting the economy’s sudden turn for the worst — long  before the housing bubble actually broke — and started to add a bit of financial security to their lives by gold investing.

Why invest in gold or other precious metals? Well, we’ve been living in an economy that’s essentially fake… we have mortgages and credit and other debts that are treated as money in and of themselves. It is a little insane; after all, how much is a house, really? They’re all over the place! And yet people had been duped into getting mortgages using their house as collateral. What happens when that mortgage can’t be payed? The house is foreclosed, and that debt that the banks and lenders had been and continue to invest in (essentially buying stocks with a house – no joke) becomes next to worthless. What was once a piece of paper ensuring that the homeowner would pay back so much in dollars is now worth nothing more than a piece of paper! That’s the definition of a fiat economy.

This isn’t the case with gold; it’s never been the case with gold – there’s only so much of it, after all! A while ago people were raising alarm bells about the economy bottoming out, and said to others that gold was the best investment. Why? Because as an economy’s buying power goes lower, the price of gold must go up so that you can’t buy today’s gold with yesterday’s money. And if you invested early, the price of gold has inevitably gone up (nearly 800 US dollars this decade alone).

It’s not likely our economy is going to do much better in the short and medium term, not with manufacturing jobs being everywhere but in the US (yes, it is all connected). A quick Google search for gold stocks will get you what you need. For security, gold investing is an excellent choice, since it has nowhere to go but up.

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Tim Jameson maintains a blog related to news, articles, and videos about buying gold.

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