A LESSON FROM USA
(Notes from goldmoney.com)
Purchasing power represents the amount of goods and services you can buy with a currency.
You should aim to preserve your purchasing power to ensure that the currency you are working hard to earn today is still valuable in the future when you want to spend it.
The key to preserving your purchasing power is two-fold:
1.You should hold currency that retains its value over long periods of time.
2.You should hold currency that is appreciating relative to most, if not all other currencies in both the short and medium-term.
Historically, buying gold and silver has been an excellent way of preserving purchasing power over long periods of time. Today it takes almost the same amount of gold or silver to buy a barrel of crude oil as it did 50 years ago. This is in stark contrast to national currencies (also called fiat currencies), like the US dollar, the values of which strongly erode over time. Central banks and governments have set a long-term trend of currency debasement, and it is unlikely that this trend will be reversed anytime soon.
Gold and silver are the only globally recognised currencies that cannot be created out of thin air, which makes both of them great stores of value (preservers of purchasing power) in the long-term.
Unlike fiat currencies that can easily be debased, gold and silver remain the ultimate forms of money.
How do gold and silver preserve and increase your purchasing power? Because gold and silver continue to appreciate while our currencies like Madafu - Tshs. and even the big currencies like US $ keep on deteriorating in their values.
There are many institutions that provide access for you to buy gold and silver or buy gold and silver stocks. One of them is goldmoney.com
Visit goldmoney.com to learn more ! It is important to learn this stuff especially now that the US $ is falling !
You can learn how this works by clicking here
And this is how some people nje ya bongo preserve their purchasing power !
Naomba kuwaawasilisha.
Mdau, USA.
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