From many of the headlines and articles I’ve been reading lately, you really would think the end of the world is near. Now, I’m not that paranoid but there are certain things you need to do to protect yourself, specifically from the coming wave of inflation, thanks to the governments spending spree of trillions of dollars. If you don’t take the steps I’m about to share with you… you might find yourself with a lot less money.
First of course, is to continue to invest in real estate. Buy as many houses as you can while we still have these rock bottom prices. Most likely we won’t see these large of discounts for another 20 to 30 years. And when inflation finally kicks in, real estate is one of the best assets to own. There will be a run-up in prices in the next few years and the more houses you own, obviously the more money you will make.
Second, buy some gold. Yes, I’m serious about this. Gold is another great hedge against inflation. As the value of the dollar erodes thanks to Uncle Sam’s spending, gold prices will have a huge increase. So where do you buy gold and what type? Personally, I like the South African Krugerrand. It’s one of the world’s most well-known gold coins, and each coin weighs one ounce of gold. So as I write this, gold is worth $954.10 per ounce. Which means each Krugerrand is worth $954.10. The best site I’ve found is kitco.com to buy these coins (no I do not have any affiliation with this site; it’s just based on a lot of research I have done).