Tick tock tick tock…October 1st is quickly approaching and this day is bringing with it what could be a pivotal moment in the global economy and trade as we know it today.
On the first of October, the International Monetary Fund will officially add the Chinese Renminbi to its Special Drawing Rights or SDR basket of currencies. With this move by the IMF, the Chinese currency will take its place among the elite currencies of the world including the euro, yen, pound and dollar.
This international stamp of approval represents a significant milestone for China in its quest to cement its place among the globe’s economic elite.
This stamp of approval could also potentially be the beginning of an important shift in how global business is done.
It’s no secret that several nations have already begun a move away from the dollar. Although the dollar remains the world’s reserve currency of choice, its status as such could eventually face a legitimate challenge from China.
This is precisely why you need to consider acquiring and holding physical gold and precious metals right now.
You might be asking yourself right now: “Well what could happen if the dollar did lose its status as the global reserve currency of choice?”
Here are a few potential issues for starters:
- Spiking interest rates
- Dollar value collapse
- Massive Inflation
- Rising defaults
The list could go on and on. Put simply, however, the dollar could potentially tumble in value. Such a decline could have significant implications for the U.S. economy and the financial well-being of its citizens.
Imagine not being able to afford groceries or medicine, or defaulting on your mortgage…
What if your company went out of business and you lost your job?
What if the real returns generated by your portfolio were drastically cut as the dollar declined?
Now is the time to buy assets that may potentially offer a meaningful hedge against such a scenario. Hard assets like physical precious metals may be the ideal vehicle for trying to protect your wealth, and these metals can be bought and stored with a few simple steps-ready to act if ever called upon.
Physical precious metals like gold and silver have been considered a reliable store of wealth and value for thousands of years and are recognized and traded all over the world. They carry no counterparty risk and cannot default or go bankrupt. They may potentially appreciate in value while also potentially providing a hedge against numerous economic and geopolitical issues. All you have to do is start acquiring these key precious metals.
Let us show you how…
Speak with an Advantage Gold account executive today about the significance of the renminbi’s addition to the IMF’s Special Drawing Rights, and what it could potentially mean for your financial future. Our professionals will also answer any questions you may have, and will discuss with you the potential benefits of physical gold and silver ownership.
Don’t wait for the value of your hard-earned dollars to slide further. Start taking steps now to potentially protect your purchasing power. Call us today at 1-800-341-8584 to get started.Tags: advantage gold, china, gold, hyperinflation, IMF, renmin, reserve currency, sdr, special drawing rights, stock market collapse, Yuan