With the US government pumping trillions of stimulus dollars into the economy and inflation rates ticking upward, some investors worry about inflation’s impact on their overall financial picture.
Let’s take a minute to understand what inflation is, how it may impact your finances, and what, if anything, you should do about it.
Much has been said about the value of investing in precious metals, and to many investors, no metal holds more “weight” than gold.
In August of 1971, President Richard Nixon set off a figurative “gold rush” when he ended the gold standard, or the ability to convert paper money directly into gold. The U.S. moved to a fiat currency system. The government now simply prints paper money--which has no literal value--and its citizens rely on it as a trusted source of payment.
But despite our paper money system, the “gold rush” has continued into the present day. Why does gold continue to be an appealing investment, decades after the U.S. gold standard? Is gold really a good investment?