Quantitative Easing (QE) is destroying the value of your savings, pension pots, and creating inflation that has the potential to spiral out of control.
Once the top finally comes off the bottle, the inflation genie will be hard to put back in!
As Tim Price said in Money week:
"The question you should be asking is not what gold ought to be worth in dollars, but what the value of the dollar can possibly be when it has no backing other than a subjective faith in the US political system."
What is your money worth, if a few extra billion pounds can magically be produced out of thin air by a desperate Bank of England trying to keep the whole flawed banking system going.
Most individuals and fund managers should be focussing on the preservation of wealth against the purchasing power of money, making every effort to protect capital from the "fraudulent manipulations of governments and central banks."
As David Stockman the former White House budget director said last week:
"Capital preservation is what your first, second and third priority ought to be in a system that is so jerry-built, so fragile, so exposed to major breakdown"
Buying things (like Gold) now before your savings become near worthless is the only way to maintain your real wealth this decade.
