Dear Reader, What does living with 67% inflation look like? Just look at Turkey to find out. There, citizens don’t even have savings in their local currency (the lira) because the ridiculously high inflation just eats it up. Instead, they exchange any extra money they have for gold, US dollars and crypto. As one gold dealer says: ‘In previous years, people were buying real estate or land, but right now, because the interest rates are so high, they either put their money in the bank (to earn high interest) or buy gold.’ It’s an unfortunate situation. But it does show the power of gold to preserve wealth in times of crises. While Australia is thankfully far from this fate...our economy (and the world) is still far from rosy. Inflation is still high…geopolitical upheaval around the world is still rampant…and there’s the cost-of-living crisis plaguing Aussies. Which is why it’s a good idea to consider gold now. But instead of buying gold bullions and coins… …I have a different (and potentially more beneficial) alternative. Learn all about it in this video briefing. Cheers, Brian Chu, Editor, Australian Gold Report |