Talks of inflations squeezing and ultimately hindering our nation, continue to be the topic in circulation right now for alarming reasons.
Everywhere you look right now costs seem to be increasing.
Whether that’s been through the outlandish increase of the price of homes, materials like lumber, or everyday consumer products like cooking oil or corn, rising inflation is not a narrative that is new to us.
However, for those on the fence about what to believe about the potential severity that it may have on our economy, the thought process of, “it hasn’t happened, so everything will be fine” may need to be reevaluated.
Inflation isn’t something that happens overnight, it happens over time.
This is precisely what Germany’s largest bank believes.
According to a warning from Deutsche Bank economists, inflation may look like it will go away, but it’s more likely to lead to a crisis in the years ahead.
Deutsche’s chief economist, David Folkerts-Landau, and others recently wrote:
“The consequence of delay [by the Fed] will be greater disruption of economic and financial activity than would otherwise be the case when the Fed does finally act.
“In turn, this could create a significant recession and set off a chain of financial distress around the world, particularly in emerging markets.”
The focus for American policymakers seems to have been stuck on ever-increasing stimulus payments.
A “focus” that by the way has the IRS admitting to accidentally sending $34 million to ineligible foreign individuals.
The worry here is the utter dismal effects that inflation will eventually have on Americans for years to come.
For decades, Americans have prepared themselves for inflation backlash by investing in precious metals like gold.
Over the past 50 years investors have seen gold prices soar and the stock market plunge during high-inflation years, and it’s known as a safe haven in times such as today.
The best time to prepare for a crisis is before you enter it.
Just last year, the state of our economy was so great that the demand for gold drove its prices to historic all-time highs.
Why? Because simply put, gold provides deflation protection, protects us from geopolitical uncertainty, and the weakening US dollar.
Of course, there are a plethora of other reasons why gold has been around for thousands of years and has maintained its stature as the leading precious metal.
The higher the inflation rate, the greater the loss in value of your cash. Economic uncertainty is already a worry, don’t let your assets be one too.
You’ve worked hard to build wealth; protecting it should be the easy part- Call American Hartford Gold today at 1-800-462-0071.