{"id":37438,"date":"2021-12-10T14:57:39","date_gmt":"2021-12-10T22:57:39","guid":{"rendered":"https:\/\/goldco.com\/?p=37438"},"modified":"2024-09-04T12:12:50","modified_gmt":"2024-09-04T19:12:50","slug":"inflation-keeps-rising-hits-40-year-highs","status":"publish","type":"post","link":"https:\/\/goldco.com\/inflation-keeps-rising-hits-40-year-highs\/","title":{"rendered":"Inflation Keeps Rising, Hits 40-Year Highs"},"content":{"rendered":"

To no one\u2019s surprise, the latest inflation figures that came out Friday hit the highest level seen since 1982. Prices year on year increased 6.8%, a further increase from the 6.2% mark seen last month. And month on month price increases were at 0.8%, an annualized rate of over 10%. These continued increases don\u2019t bode well for the future.<\/p>\n

The idea that this inflationary surge could possibly be transitory has finally been put to rest by the latest inflation numbers. Not only is the overall price level rising, but prices of goods and services across all different sectors are rising too.<\/p>\n

This isn\u2019t inflation that\u2019s being driven by price increases in a few key sectors like food and energy. This is inflation that is impacting every single thing we buy, sell, or use in our society.<\/p>\n

The implications for the future are ominous, as you could probably imagine. It wouldn\u2019t be so bad if Americans were also making more money and able to afford the higher costs. But real wages have been declining for months, making the hit from inflation that much more painful for American households and families.<\/p>\n

If you\u2019re among the millions of people impacted by this rising inflation, you\u2019re probably wondering how you can protect yourself against it. After all, this is the highest inflation we\u2019ve seen in 40 years. We have entire generations of Americans who have no idea how to respond to something they\u2019ve never really seen before. And even if you\u2019re nearing retirement age, you haven\u2019t seen an economic and investing environment like this since you were just out of college and getting started in the workforce.<\/p>\n

As bad as things are right now, there\u2019s every possibility that they could get worse in the future. This inflation isn\u2019t transitory, it\u2019s being driven by a handful of factors, every one of which remains in effect. And unless you start taking steps to protect yourself, the value of your savings could be severely eroded before all is said and done.<\/p>\n

More Money, More Problems<\/h2>\n

At the root of this inflation is the Federal Reserve\u2019s massive expansion of its balance sheet. Having purchased over $4 trillion in assets since last year with money it created out of thin air, all that money has made its way into the economy. And now we\u2019re seeing the effects of that money creation.<\/p>\n

More money chasing the same amount of goods will result in higher prices. And with such a massive injection of money, more than doubling its already bloated balance sheet, it could be many months before we feel the full effect of the Fed\u2019s actions.<\/p>\n

The fact that inflation has been running at annualized rates of over 10% for the past few months is a worrying sign that even 7% inflation rates may end up being lower than what we\u2019ll see in the future. There\u2019s no telling just how high inflation may end up rising.<\/p>\n

While the Fed is hoping to end its asset purchase program soon, by the time it ends it will have likely added over $5 trillion in new money to the economy over two years. And the Fed is hoping to end its current asset purchases so that it can have room to make even further asset purchases in the future should it judge it to be necessary to stimulate the economy in the event of an economic downturn. So the likelihood of more monetary stimulus and more inflation could increase in the future rather than decrease.<\/p>\n

How Will Inflation Affect You?<\/h2>\n

You\u2019ve probably already been affected by inflation, every time you fill up your car at the gas station, every time you shop for food at the grocery store, and every time you have to buy just about anything. Your cost of living is going to increase, so get used to it. But can you afford it?<\/p>\n

If you\u2019re still working, your salary and wages likely haven\u2019t risen enough to compensate for the rise in inflation. And there\u2019s a good chance that your investments likely haven\u2019t gained enough value either to overcome rising inflation.<\/p>\n

With inflation set to continue rising, it\u2019s imperative that your investment gains outpace inflation if you want to get ahead. But if inflation starts to rise into double digits, there aren\u2019t very many portfolios that are going to be able to keep ahead of that, especially not if high inflation becomes entrenched or if stock markets end up crashing.<\/p>\n

Since it\u2019s been 40 years since inflation was this high, most investors today don\u2019t remember what it was like to invest in a high inflation environment. They don\u2019t remember how people back then invested, which assets they chose, etc. And quite frankly, with the developments in modern investing, not every strategy from back then would likely work today.<\/p>\n

Gold and Silver Can Protect You<\/h2>\n

One strategy that could work today, though, is an investment in gold and silver. Gold and silver have a track record of gaining value during tough economic times. During the 1970s stagflation<\/a>, for instance, both gold and silver\u2019s averaged annualized gains were over 30% for the decade. And in the aftermath of the 2008 financial crisis gold nearly tripled while silver more than quintupled.<\/p>\n

We\u2019re currently entering an economic climate that could rival that of the 1970s, with millions of American workers still sitting on the sidelines while inflation is rising. If the 2020s end up being like the 1970s, gold and silver could end up performing just as well today as they did back then.<\/p>\n

That\u2019s why many people have already made the move into gold and silver. They see the writing on the wall and realize that the economy is set for a downturn. They remember the losses of 2008 and the collapse of the dotcom bubble in 2000 and they see the similarities between then and now. And they\u2019ve decided that gold and silver are their best bet to protect their hard-earned savings and investments.<\/p>\n

With a precious metals IRA, you can protect assets that you have in existing retirement accounts such as a 401(k), 403(b), TSP, IRA or similar account. By transferring or rolling over assets tax-free from your existing retirement accounts into a gold IRA<\/a> or silver IRA<\/a>, you can invest in physical gold and silver coins or bars, benefit from future gains in the gold and silver price, and still enjoy the same tax advantages as you have with your existing retirement accounts.<\/p>\n

Or if you have money in the bank, or in cash or cash equivalents that are starting to lose more and more value to inflation, you can buy gold and silver<\/a> directly, allowing you to take delivery of your precious metals and protect your wealth against devaluation.<\/p>\n

No matter which way you choose to buy gold and silver, the precious metals experts at Goldco are here to help. With over a decade of experience helping thousands of customers just like you, Goldco goes the extra mile to ensure that your questions and concerns are answered and addressed before you buy gold and silver.<\/p>\n

Goldco\u2019s experts can help you through the process of buying gold and silver, from your very first questions to your purchase of gold and silver to the time you decide to take a distribution from your precious metals IRA. Don\u2019t let your savings and investments lose even one penny more to inflation. Call Goldco today and start learning more about how gold and silver can help safeguard your savings.<\/p>\n","protected":false},"excerpt":{"rendered":"

To no one\u2019s surprise, the latest inflation figures that came out Friday hit the highest level seen since 1982. Prices year on year increased 6.8%, a further increase from the 6.2% mark seen last month. And month on month price increases were at 0.8%, an annualized rate of over 10%. These continued increases don\u2019t bode […]<\/p>\n","protected":false},"author":13,"featured_media":37439,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[207,209],"tags":[667,226,956],"class_list":["post-37438","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-precious-metals","tag-devaluation","tag-inflation","tag-rising-prices"],"acf":[],"yoast_head":"\nInflation Keeps Rising, Hits 40-Year Highs – Goldco<\/title>\n<meta name=\"description\" content=\"Inflation is now the highest it's been in 40 years and shows no signs of slowing. 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