Incoming!!Hit the Deck!Inflation Bomb Hits Markets!
One day, as if its arrival is totally unexpected, the talking heads are going to be screaming, "Inflation Explodes - Your Savings and Retirement Accounts have just been hit!"
Some may even say things like "Without warning the CPI jumped to 9%!"Or, "Worldwide Gold Demand just reached record highs as inflation data shocks the world!"Then follow-up reports will read something like this."Sales of the world famous American Eagle Gold Coin skyrocket as the entire world scrambles to buy gold!"
So, just to set the record straight, you heard it here first and you heard it a long time ago.Inflation isn't "coming" it's here!And so far this month sales of American Eagle Gold Coins have already nearly matched the entire month's sales volume of April.It should come as no surprise to you when news finally leaks out through the mainstream media.
And you know what?Anyone who shops for groceries, drives a car or heats and cools their home, knows that inflation has arrived and its vicious.Here's some data from the National Inflation Association.
* Fresh and dry vegetables up 56.1%* Fresh fruits and melons up 28.8%* Eggs for fresh use up 33.6%* Beef and veal up 10.7%* Dairy products up 9.7%
Throw in gas for your car at $3.00 per gallon or more and its pretty hard not to notice.But, what may go unnoticed, for a time, is the effect inflation has on your retirement account.If this data is correct, your savings and retirement accounts, earning even 8%, are shrinking in value.
What's the solution?Need you ask?Diversify!Diversify!Diversify!A gold coin can go a long way toward preserving the value of a savings and retirement account.
drain inventories as investors scramble to protect their savings and retirement accounts fromIf only we had