Inflation is no stranger to citizens of the 21st century, as this year alone, inflation rose 9.1%, surpassing the previous highest increase set in 1981. Almost every essential industry in the United States has been affected by increasing inflation rates, and experts predict that it is not expected to slow down any time soon. The US dollar has depreciated in comparison to most other common forms of currency around the globe, and investors are looking for ways to combat these losses. Since 1933, the dollar has lost 99% of its value against gold, and when looking at 100-year price increases, it is increasing by a higher percentage in value than common expenses like food, education, and transportation. In combination with the pandemic, investors and money-savvy citizens have started to make the move to Gold to protect themselves and their loved ones during the most economically difficult time period in recent history.
The bottom line is that gold is valuable for many reasons, from its tangibility to its resistance to losing value over time or with mass printing. There are several other reasons why many people are investing in this precious metal, a decision which may become increasingly helpful as the US and the rest of the world navigate post-pandemic life.
Infographic by: usgoldbureau