Monday, March 1, 2010

Our economy is in shambles

And that ain't no random rambling either. We are not doing good right now at all. Wages are not even remotely keeping up with inflation. And that's if you're even lucky enough to have a job. Interest rates stink right now. The United States dollar index fell as much as 0.5 percent. The dollar fell amid speculation of the euro’s recent losses, Greece’s financial tumult and improving corporate earnings all of which reduced the demand for the safest assets.

Right now is the best time to diversify your portfolio. It's time to invest in all asset classes, not just cash and stocks. This may be the perfect time to buy gold bullion. Think about it, gold is just rising in price while everything else is stagnant. With the dollar devaluing, gold is a good hedge against inflation.

Now may be the time for you to look into buying gold too.

No comments: