A historically huge stimulus package nearing $1 TRILLION – U.S. Dollars ($819 billion actually), was approved by the Democratic house yesterday. With this amount of new money entering the marketplace, some analysts feel the value of the U.S. dollar is likely to go down.
As a rule, when the value of U.S. currency declines, the price of gold goes up. There is even a possibility, although not necessarily a probability, that central banks, including China’s, might start to switch from dollar holdings to gold, which then could make the metal’s price even more attractive. As other major commodities are falling, the price of gold remains near all time highs.
If one believes the U.S. currency is going to be devalued, and the price of gold is going to escalate in value, where and how to take advantage of this scenario? Investing in Mutual Funds that have gold companies in their portfolios would seem to be a logical choice. Contact a reputable Financial Advisor to find out what choices are available to you, before the price of gold gets too high.
…..Doug T
