Summary |
Bulging deficits and national-debts-most notably in the United States, Europe, and Japan-will soon force our leaders to take drastic measures. They will have to slash spending and/or raise taxes which could lead to renewed recession and financial instability. This in turn would likely lead central banks, most notably the Federal Reserve, to increase the pace of money printing even further, with the hope of escaping our present dilemma.
Students of financial history know these complex circumstances are raising the odds that we are about to experience a sudden unexpected rise in inflation. The world is not about to end and yet holding gold as an important part of your portfolio makes sense in the present financial environment. In Hard Money, Shayne McGuire describes ways in which investors can take gold investment to a higher level by considering a variety of investment vehicles or by creating a personal diversified gold portfolio. Manager of a gold fund and author of Buy Gold Now, McGuire:
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