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Remembering the 2008 Money Financial Crisis

Money Economy 2008 Crash Headline Shoes Sole Hole

During the 2008 Money Financial Crisis, many portfolios took a significant hit. Stock prices took a plunge, real estate was in the tank, and many had their confidence shaken in the viability of the once churning American economy. If you had invested any money in the market or other ventures, you probably did not have the best reaction to these difficult times. That event probably also determined how you moved forward picking up the pieces from the financial disaster last decade. Chances are, you began to look into other places to put your money that were a bit more secure in terms of their ability to give you a sizable return on a consistent basis, and something that was not historically easily devalued. If there has been one thing that has stood the test of time, it is . They are things that people have always sought after, and for as long as there has been record keeping people have used them as currency. In fact, there was a time in the United States when all the money was backed by gold. Even though those days are gone, gold and silver still retain a worth that makes them an attractive investment.

How Bad was the 2008 Crash?

Many economic analysts view it as the worst since Black Friday in 1929, the crash that lead to the Great Depression.

One of the effects of the Great Depression was high unemployment, which hit as high as twenty-five percent in some places. While not as high as it was then, a high unemployment is something we have had to deal with since that point. And its effects have not abated since many people have given up trying to find a new job, or are under employed. Another result of the crash then, and the more recent crisis, was inflation. These events have triggered a rise in prices that makes the money we earn worth a bit less, particularly since employers typically are slow to match salaries with the rate of inflation. This last little factoid is what makes the hyperinflation that follows a financial melt down so dangerous. This then triggers a loss of confidence on the part of the consumers we rely onto keep the economy going. Then come government bailouts, which means a further increase in inflation since they control monetary policy.

Those who had diversified their portfolios in advance of these crises by investing in precious metals were the ones who weathered the turbulent economy the best. Further, during these moments in history, those metals typically rise in value. Money these days is basically worthless paper, or the questionable value of electronic currency. Thus people like for something that has physical, tangible worth, and this has always been gold and silver. The next time the bottom falls out from the market, and history says that it will happen, make sure you are prepared by having at least a portion of your money put into precious metals. During that time everyone seemed to spend less, earn less, and dollars became worth less (though not quite yet worthless). However, not everyone lost money. In fact, some wise investors were actually able to turn a hefty profit amidst the ensuing financial turmoil. But how?

Regal Assets is our Recommended Best or Investment Company

As illustrated in our Top Gold IRA Companies Reviews table, Regal Assets earns our first place recommendation.

Regal excels with stellar online and offline reputation. It scores the best ratings from the Better Business Bureau (BBB) and Business Consumer Alliance (BCA), the largest two review bureaus, and has the highest favorable reviews in TrustLink from its current client base.

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Christopher C. Odom
Christopher C. Odom is the Site Editor at Gold-IRA-Plan. In addition to a passion for all things related to a Gold IRA, and the , Christopher is also a multi-award-winning author and filmmaker whose works have screened in cities worldwide, including Cannes, Berlin, Tel Aviv, Los Angeles and New York.
Christopher C. Odom
Christopher C. Odom

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