The US Dollar is often the subject of theories and fears about its future acceptance declining substantially—is the US Dollar headed for an acceptance crash? Will gold return to dominance?
These kinds of discussions have always flourished on the Internet, but with a wave of influential billionaire investors piling into gold this year… and backing away from the US Dollar and US stock markets… it might be time to take these sorts of discussions more seriously.
As Yahoo! Finance reported recently:
It wasn’t so long ago that some of the more famous investor gurus were shrugging off gold as nothing more than shiny trinkets with no investment value. They were wrong. This safe haven is back, the recovery is clear, and there have been some very big changes of heart.
The Yahoo! article continues by suggesting that “thanks to an overvalued U.S. dollar, gold may have nowhere to go but up,” and it states that prominent billionaires including George Soros, Frank Giustra, and Stan Druckenmiller are now excited about gold’s prospects.
George Soros, for example, has reportedly invested $475 million into gold bullion producer Barrick Gold, an investment which has already more than doubled in value.
Weaker job market data and worrying economic statistics may also be weighing on billionaires’ decision making. “In response to particularly weak U.S. job growth rate in May, the price of gold jumped by nearly 3 percent last week, and it’s still maintaining this bullish attitude,” the Yahoo! Finance story noted.
Luckily, gold ownership is not just for billionaires, governments, and hedge fund managers. You can buy even a small amount of gold using Goldmoney, an online gold savings and spending platform used by more than one million users in 150 countries.
Even if the US Dollar does not completely collapse, increased weakness could spell good times for the patient investor looking at the longer term precious metals picture. Against the US Dollar, gold prices are already up nearly 8 percent in 2016, and against the Euro gold prices are up 7.4 percent. (A far higher return than any bank account!)
Learn more about the platform and: Open Free GoldMoney Holding Today
My objective is to share with you my views on gold, which in recent decades has become one of the world’s most misunderstood asset classes. This low level of knowledge about gold creates a wonderful opportunity and competitive edge to everyone who truly understands gold and money.
