In an economy, money is continually moving, invested and traded every day, but there is another thing that happens to the economy all the time. It is called inflation, and it is happening all the time whether you want it to or not.
Inflation is an increase in prices of goods and services in an economy. Inflation is measured by the Consumer Price Index (CPI). The company tracks items that are purchased every day and records them to compare the prices over time. When inflation happens, the businesses that sell goods and services must increase their rates to keep the value of their products.
Inflation inhibits the dollars in our wallets so that they are unable to stretch as far as they usually do. The CPI has shown reports of a midsize car in 1976 sold for $3,700, but the least expensive midsize car now costs over $16,000. That is an increase of over 300 percent. Price increases of that size will stop you from buying a car, meaning that you cannot go out to places to purchase goods and services. This domino effect hurts you and the economy.
Inflation goes beyond your wallet and into some of your investments. According to LIMRA Secure Retirement Institute, a 1 percent inflation rate could take up to $34,406 of retirement savings. The federal government uses inflation to benchmark Social Security Benefits. A high inflation rate will also increase your interest rates on our mortgages, credit cards, and loans. The money stored in all of these assets are affected by inflation because they measure with dollars. The dollar is a paper that can change in an instant with inflation, so if we want to protect ourselves, we need to move away from the dollar.
Moving away from the dollar is the best way to combat inflation, and buying gold is the best way to do just that. Physical gold is a good hedge against inflation, and you can store it. “Gold is wealth insurance,” says Philip N. Diehl, President of U.S. Money Reserve. When inflation occurs, gold returns will only become stronger.
Inflation happens no matter what we do, and there is very little that the average person can do about that. Gold is the ultimate solution to an inflation problem, and the U.S. Money Reserve has helped 400,000 individuals do just that. With the U.S Money Reserve’s experience, we can all have “Wealth Insurance” right in our very own pocket.
Watch the video at https://www.youtube.com/watch?v=3fyKw5Asclw to learn more.