According to the Federal Reserve Chairman, a fiscal cliff is imminent "when taxes rise and deep spending cuts kick in." As we have noted for over the past year, the government is in trouble and is looking to print more money. As the Government does this, the value of gold is likely to rise. Gold is precious for a reason, because it is finite. It is not a fiat currency like paper cash, which is why in uncertain economic times its value usually increases.
If you want to learn more about the benefits of investing in gold, you can contact the team here at Capital Gold Group. Call us today at (800) 510-9594 for more information.
The representatives at Capital Gold Group are not financial advisors and the information provided in this blog should not be considered financial advice. The past performance of gold investments is not indicative of potential future gains.