Is inflation real? Was the question asked today by CNBC’s Jeff Cox. The answer is: Yes! Inflation is real, it is inevitable, no matter what Governments do to adjust inflation numbers inflation is part of the natural economic cycle.
Since this is going to happen, what is the best strategy to manage your net worth? Keith Springer, president of Springer Advisory Services told CNBC today, Gold and silver would do poorly in deflation. However, they would hedge you for inflation. More importantly, they act as a third currency. As the world evaluates the developed world currencies, gold becomes more valuable. It’s also a crisis hedge. There’s no better place to hide.
We don’t advocate hiding but we absolutely recommend using your tangible assets portfolio as a protection against losses in your net worth. Holding 10% to 20% of your net worth in physical gold & silver will provide the protection needed when all the rest fails. Read more here: CNBC: What Should Investors Do if Inflation is Real!