Gold and the (New) Great Depression

The Great Depression was one of the greatest economic disasters in our nation’s history. While many feel like it could never happen again, some have predicted that recent events including the financial crisis and the housing collapse could lead to yet another depression (if one has not, in fact, already begun).

Should we enter another depression, it won’t matter what kind of savings you have. The value of the dollar will plummet, making your money nearly worthless (or at least not nearly worth what it was). One of the best ways to protect your personal wealth is to invest in gold. Even without the threat of a financial crisis looming, investing in gold is still a good way to protect your personal wealth by hedging against losses.

The reason why it’s a good idea to buy gold is that it increases in value when other investment types are decreasing in value. When stocks and bonds start to fall and paper money is losing its value, gold is usually rising in value. Even when the national debt is rising and the stock market is declining, gold can maintain its value.

Gold is a stable, long-term investment. In the short term, it might rise and fall in value quite quickly. But in the long term, it will maintain its value or rise in value during inflationary times. For example, between the years 2002 and 2007, the price of gold rose from $347 per ounce to $833 per ounce just before the housing market crash in 2008. And then it continued to increase in value through the economic turmoil through 2011 when it peaked above $1800 per oz. The price of gold has since adjusted back down to a price currently at about $1200. During that time, its value rose and fell several times. But the point is it was a great hedge during the Housing Market crash. Some feel that we are through the troubling times of our economy, but others feel that the Real crash is on the horizon.

A strong gold portfolio can help provide you some protection in the long run, even if the worst happens. Of course, if the worst doesn’t happen, having a strong supply of gold on hand will simply help you to expand your wealth, and we could all use more of that.

At Arrowhead Coin and Jewelry in Arizona, we buy and sell gold in Arizona at the latest prices. We carry a wide variety of gold coins, such as gold eagles, gold krugerrands and gold maples, as well as gold bars and gold jewelry. You can stock up on gold to diversify your portfolio, or you can buy gold coins to supplement your coin collection. Whatever your investing or collecting goals, we can help you meet them. Stop in our North Phoenix, Arizona shop to buy gold to build up your portfolio, or to sell gold to raise the capital you need for your next investment.

Published By:

Arrowhead Coin and Jewelry – Jeff Wuller

20165 N. 67th Ave, Ste# 122a-111
Glendale, AZ 85308

Phone:	(623) 234-9161
Fax:	(623) 566-4846
Cell:	(623) 986-1151
Email:	Jeff@ArrowheadCoin.com
Website:	https://arrowhead.aureuspos.com
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