If you have been following the trend of the American Dollar, you will know that it has been steadily declining over the past year. If you have only held cash, in American Dollars in your bank, and will the American Dollar dropping so many points already, you nett worth is now way lower than it was a year ago because of the declining value of the Dollar.
Living in Malaysia, I have always known that a weak currency will not be able to provide us with the security of our investment. Having gone through the 1997 meltdown, I know that the only secure investment would be on gold and silver bullion. This is because the prices of gold and silver hardly ever fall but keep rising.
Of course, this is not to say that they NEVER fall at all because there may be a price correction once in awhile but still, an investment in bullion is always more secure than investing in currency, stocks or the wrong commodity!
What do you think?
Living in Malaysia, I have always known that a weak currency will not be able to provide us with the security of our investment. Having gone through the 1997 meltdown, I know that the only secure investment would be on gold and silver bullion. This is because the prices of gold and silver hardly ever fall but keep rising.
Of course, this is not to say that they NEVER fall at all because there may be a price correction once in awhile but still, an investment in bullion is always more secure than investing in currency, stocks or the wrong commodity!
What do you think?
0 comments:
Post a Comment