Your financial advisor has warned you against buying gold bullion! It's a a terrible investment, you've been told. Gold has a real rate of return of practically zero over the past one hundred years! It's midnight cable tv's investment "snuggie!"
Investment advisors, who are ignorant of or dismiss the value of investing in gold are known for making assertions like the ones above.
Let's look at the metal from the perspective of an insurance policy against the loss of purchasing power and not as simply an investment that has appreciated substantially against all of the world's currencies as well as tripled in price over the past six years.
Think about this for a moment.
To protect your home against destruction, you purchase an insurance policy, right? Gold bullion is a form of financial insurance and should be regarded as so. Not as an investment but as insurance against the erosion of purchasing power caused by the declining dollar.
Dollar convertibility into gold ended on August 15th 1971, when President Richard Nixon forever closed the gold window. No longer tied to the gold standard, the U.S. dollar could be printed in unlimited quantities or in other words just 'float.'
Today, after 38 years of being backed by absolutely nothing but the full faith and credit of our U.S. government, our beloved dollar is worth a fraction of what it used to be. If you compare the buying power of that one dollar bill in 1971 versus today, you would be able to buy only EIGHTEEN CENTS, after adjusting for inflation.
Why The Dollar Will Lose Even More Value
The government put its printing presses into turbo drive to counteract the financial crisis that struck last year. The United States monetary base ballooned from $800 billion in August of 2008 to $1.7 trillion as a result. That means that there are now more than two dollars in existence for every one dollar that existed a year ago. Never before in monetary history has the money supply increased at such a sharp rate.
Our federal budget shortfall has now increased to a new record high of $1.42 trillion dollars, thanks to our government's massive spending fling in their endeavor to steady the financial system and jump start the economy.
If that wasn't deplorable in itself, our national debt is at present over $11 trillion dollars. And unfunded liabilities like programs such as Medicare and Social Security stand at an astonishing $58 trillion.
In order to ante up for all of this, the government is either going to have to trim down spending (not likely), increase taxes (very likely) or crank up the printing presses a lot more and attempt to print their way out of this jam. And that deficit is calculated to climb to $9.1 trillion over the next ten years.
The dollar simply cannot maintain it's value when a country participates in the unrestrained printing of money. Inflation will climb higher the more the dollar is debased. It is for this reason that you must own gold. As an insurance policy to ensure the value of your savings is maintained.
Since 1971, the purchasing power of gold has endured and increased. History books are ladened with instances of paper money whose value has been annihilated. But not gold. Gold has endured through wars, inflation, hyperinflation, recession and depression.
Gold bullion is the ultimate store of value and protection of wealth. The value of gold has never been ZERO. Never. It could very well be the most important insurance policy you'll ever purchase.
Monday, November 9, 2009
Sunday, November 8, 2009
Cheap Life Insurance Rates Online
By Johnny PerkinsYou need to be well informed about this because some insurance companies that make monetary losses from some claims end up shifting that burden to the consumer. You must look for an affordable indemnity cover that will allow you to save some money. Requesting indemnity quotes by filling simple online indemnity questionnaires that are provided by different indemnity companies; you
Wednesday, November 4, 2009
No Medical Exam Life Insurance: The Instant Insurance by Joseph Benjamin
No medical exam life insurance is a very popular choice in today's "popcorn" world, where things are expected to "pop-up" whenever we want and where we hate to wait on anything. With the times that we live in today, most of us are extremely busy working at different jobs, taking care of our families, and etcetera, but with life insurance like this, we no longer have to spend all day getting a physical (at the doctor's office), and neither will we have to meet up with the local insurance agent.
For those of you who want life insurance right now, without waiting for any underwritten policies, then coverage protection like this can be an immediate blessing to you.
With the life insurance coverage that no medical exam life insurance will give to you, telling the insurance company your medical history will be a thing of the past, and you will also not have to answer a verbal questionnaire nor take a blood pressure test. Also, for those of you who hate giving either blood and/or urine samples, this form of insurance just might be the right pick for you.
The many different reasons why insurance coverage providers will have you go through the processes listed above is because they want to protect themselves, because if you have any health problems that are considered a "risk" to them, they hope that you do not die before you can consistently pay for any coverage. The coverage providers like to "cover their assets", so to speak, so if you are somebody who has serious health illnesses, you will definitely want to check-out life insurance that does not require any physical examination.
No medical exam life insurance providers will give you just a minimal amount of questions, in regards to your health, as well as a few about your background throughout the years. Whenever you receive the approve of the life insurance coverage provider, you will normally receive a call or e-mail from them that will let you know what you will have to pay, should you accept their offer in the first place. After this, you can pay for your protection with a credit card or e-check, which promises you that you will not have to meet anybody from the insurance company.
Always know that you should tell the truth as much as you can, when it comes to the insurer asking you any questions. Coverage providers have a policy that is known as "contestability", which is a 2-year period of time where you cannot give any "material misrepresentation" of your health, lifestyle, and/or driving records can make in-validate your policy, which will hurt you and your beneficiaries. If you choose to lie and not answer those questions honestly, then it's recommended that you not sign-up for insurance such as this.
Another thing you need to know is that when you choose to sign-up for life insurance of this form, the odds of you paying high premiums will go up, since those who typically pay for this coverage usually do not have good health. If your health is considered to be great, however, then I would recommend that you not pick this insurance, since you will have to pay a higher premium, which usually pertains to those who are "at risk", but you are not risky since your health is great.
No Medical Exam Life Insurance should not be a worrisome process, especially with online sites that can give you a quote instantly. As long as you talk to reliable insurance providers, you should not have anything to worry about. Thanks to sites such as Free Life Insurance Quotes Online, all it takes is a few minutes and seconds to find an affordable quote that is pleasing to your wallet/purse!
For those of you who want life insurance right now, without waiting for any underwritten policies, then coverage protection like this can be an immediate blessing to you.
With the life insurance coverage that no medical exam life insurance will give to you, telling the insurance company your medical history will be a thing of the past, and you will also not have to answer a verbal questionnaire nor take a blood pressure test. Also, for those of you who hate giving either blood and/or urine samples, this form of insurance just might be the right pick for you.
The many different reasons why insurance coverage providers will have you go through the processes listed above is because they want to protect themselves, because if you have any health problems that are considered a "risk" to them, they hope that you do not die before you can consistently pay for any coverage. The coverage providers like to "cover their assets", so to speak, so if you are somebody who has serious health illnesses, you will definitely want to check-out life insurance that does not require any physical examination.
No medical exam life insurance providers will give you just a minimal amount of questions, in regards to your health, as well as a few about your background throughout the years. Whenever you receive the approve of the life insurance coverage provider, you will normally receive a call or e-mail from them that will let you know what you will have to pay, should you accept their offer in the first place. After this, you can pay for your protection with a credit card or e-check, which promises you that you will not have to meet anybody from the insurance company.
Always know that you should tell the truth as much as you can, when it comes to the insurer asking you any questions. Coverage providers have a policy that is known as "contestability", which is a 2-year period of time where you cannot give any "material misrepresentation" of your health, lifestyle, and/or driving records can make in-validate your policy, which will hurt you and your beneficiaries. If you choose to lie and not answer those questions honestly, then it's recommended that you not sign-up for insurance such as this.
Another thing you need to know is that when you choose to sign-up for life insurance of this form, the odds of you paying high premiums will go up, since those who typically pay for this coverage usually do not have good health. If your health is considered to be great, however, then I would recommend that you not pick this insurance, since you will have to pay a higher premium, which usually pertains to those who are "at risk", but you are not risky since your health is great.
No Medical Exam Life Insurance should not be a worrisome process, especially with online sites that can give you a quote instantly. As long as you talk to reliable insurance providers, you should not have anything to worry about. Thanks to sites such as Free Life Insurance Quotes Online, all it takes is a few minutes and seconds to find an affordable quote that is pleasing to your wallet/purse!
Sunday, November 1, 2009
How to Compare and Find Insurance Rates Online For Free
By Brandon Frazier
Shopping for insurance in this case has been made easy, knowing too well that insurance is almost a requirement that many classes of people cannot do without, especially motorists. As such, if you find yourself pressed against time in a hard way, and you have not time to call insurance providers, relax, as you can do this from the comfort of your home. If you have an internet
Shopping for insurance in this case has been made easy, knowing too well that insurance is almost a requirement that many classes of people cannot do without, especially motorists. As such, if you find yourself pressed against time in a hard way, and you have not time to call insurance providers, relax, as you can do this from the comfort of your home. If you have an internet
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