Financial Friday: Measured in Gold

FF: Measured in Gold

The U.S. is over $39.4 trillion in debt. The interest on that debt has doubled in the last 5 years. The government needs to quit spending more than the citizens are willing to pay in taxes, which is already at a breaking point. What happens if you save money in dollars for retirement? What if you invested in stocks? What if you saved in gold? Many parents have taught their kids to save in dollars. We explain why, with inflation, this is not a good idea. Measuring things in the price of dollars is inaccurate in the long term, as the purchasing power is being eroded every year. What if we measured things in gold? Americans love to hear the rags-to-riches stories of those who went from the lowest of the low to the highest of the high. If you are struggling with finances now, use that to push you to learn more, be more, and do more. It wasn't comfortable living in a warehouse and sleeping on the floor with no heat in December. It wasn't comfortable to be in a financially difficult position in 2007. However, those events pushed us to become what we are now. You can use today's adversity to propel you to a better position later if you are willing to learn, grow, and apply those lessons. Buy more hard assets faster, so you can make your world a better place!

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