Harry Browne’s famous permanent wallet is one of the most popular for those of us who like things to have a face and eyes to be protected in any period.
According to the author and his book (which I consider quality), a reasonable asset allocation in a portfolio consists of having:
Here we will discuss how to take advantage of gold to take advantage of economic cycles of prosperity, inflation, recession, and deflation.
We will see how to use the 25% corresponding to gold to protect you from inflation and other monetary problems, and we will explain why investing in gold is profitable.
It protects against inflation or the threat of inflation.
It also protects against problems that can threaten a currency or the banking system
Gold is an asset that is not a promise from a third party to you and physically controlled. In this sense, it is what you would call an “asset of last resort.”
We are going to understand why it important to each other.
What is inflation?
Inflation is the drop in the value of your local currency.
Although usually the press represents it as “prices go up,” the reality is that inflation means that “the value of the currency goes down.”
Prices can go up for different reasons, but the fall in the value of the currency is one of the most contributing factors
A declining currency makes it more expensive for companies to purchase raw materials, pay their employees, and manufacture their products. These costs get conceded to the consumer in the form of a price increase.
Inflation destroys the purchasing power of the money you own.
If inflation is 5% per year, that means your money will be worth 5% less each year, whatever you do.
Also, You can find more helpful resources at Find Cult.
For More Information Click Here
How You Can Create a More Efficient and Effective Business Your business needs to do… Read More