Are You Prepared For An Unannounced Dollar Devaluation?

Gold has always proven to preserve ones wealth while paper currencies have failed to do so for centuries. Over the last fifteen years alone, inflation has caused the U.S. dollar to lose half of its value. The effects of inflation should be a top consideration today. The consequences of injecting a trillion dollars from the recent governmental bailouts into the market will accelerate inflation which will likely result in a massive devaluation of the dollar. The salient issue for each American to ask themselves, ‘Have I protected my wealth from a severe devaluation of the dollar?’ Americans need to convert cash into gold now for wealth protection.

I suggest watching the market without being exposed to the volatility. Not receiving the interest you would earn in stocks, CD’s, money markets, etc. over the next two years can be viewed as a small insurance premium for the security of knowing that you will retain your wealth.

There have been alarming events over the last two months. Changes within the U.S. market and actions by the government have changed American economics forever. We are seeing our constitution and freedom challenged. A number of other situations following the recent bailout raise serious concerns as well. I believe there are two important points for consideration at this time and they may be time sensitive. First, I think we should be cognizant of the uncontrollable events which could lead to a severely devalued dollar! Many financial analyses are stating that our dollar will soon be devalued like never before. Second, has the middle class positioned themselves to withstand an unannounced devaluation of this magnitude? The peso was devalued fifty percent overnight and no one had control of their wealth; our government can surly do the same.

Inflation is headed off the chart as a result from the bailout(s) and will hit our homeland soon. Now the Speaker of the House Pelosi may be proposing a second bailout! With the current national debt and the additional burdens being added almost daily, the value of the dollar will surrender to the relentless printing press. The government is presentling nationalizing banks and mortgage companies and rumor has it the car industries are next. The dollar may or may not be replaced but it’s worth could realistically be a few cents. Conversely, history will no doubt repeat itself and gold will again prevail as wealth insurance. The shift to gold as a hedge has already started. Supplies are thin from coast to coast.

Let me share an interesting hypothetical scenario sent to me recently. If gold hits record highs the U.S. could finally pay its debt to China and others. Countries holding our greenback are openly expressing that they do not want any more of our worthless paper. A possible golden opportunity for the U.S. once again. This would be a case of history repeating itself. In 1933, Britain would not accept our dollar after the 1929 crash. They demanded we pay our debt with gold, $10 and $20 gold pieces and we did.

I’m concerned that middle class America will wake up one morning soon and discover their cash (CD’s, 401’s, money market accounts, etc.) all to be worthless. Americans will not have the ability to protect their wealth after the fact. Given the radical financial and governmental changes Americans are now facing, I am strongly against knee jerk reactions to market fluctuations but given the unprecedented events that have recently taken place, I would be remiss not to say be prepared while there is an opportunity.

Printing Money = Higher Commodities

A brief article explaining the fundamentals why printing money = higher commodities prices.
http://www.cnbc.com/id/27176315

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