Why Barrick Gold Can Become Your Shield In Times Of Hyperinflation

By Author: Clint Jhonson
Total Articles: 284
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Investing in gold could be your most practical route to financial stability in times of extreme recessionary trends. The United States economy is set to enter a phase called hyperinflationary recession which could wipe out entire investments in paper currencies. In fact, some economists contend that hyperinflation is already in the corner and is slowly gaining ground as more money is poured into the economy. In times like these, your only chance is to invest in gold through stable companies like Barrick Gold and NEM.

The profitability of gold stocks investing even in difficult economic conditions was seen when the gold sector remained robust despite the global meltdown. In fact, investing in hard assets is a practical step during recession. That is because paper assets and portfolio investments usually collapse in times of economic contractions. The real productive value of paper assets quickly erodes when the economy settles into recession. This means your paper investments as well as your entire life savings invested in the money market could be wiped out quickly by inflationary recession. This will not happen ...
... if you have solid investments in hard assets such as gold and silver. These are resources that will not lose their values even if the paper currencies become worthless instruments.

So if you are serious about protecting your money in times of difficult hyperinflationary situations, you should seriously consider investing in stable gold mining companies by buying gold stocks. There are only few gold mining companies today that can claim solid financials and clean track record. Barrick Gold leads the pack of gold mining companies with solid assets and massive production volumes. Barrick Gold is the top producer of gold in the world. It can churn 8 million ounces of gold in a year. It has major operations in North America, South America, Africa, and Australia. Barrick Gold expects the prices of gold to treble as the global recession worsens. That is because more and more governments will demand gold to back their already worthless currencies.

Closely following Barrick Gold is NEM. NEM or Newmont Mining has principal mining operations in North America, Australia, and Bolivia. It belongs to the top three elite gold producers of the world. Newmont Mining's annual output is 6 million ounces and the company expects to increase production in the coming years. In fact, NEM has ready gold reserves of 85 million ounces which opens an opportunity for you to invest in the company in the long term. Newmont Mining expects increasing revenues in the next five years especially if hyperinflation sets in the United States and other major industrial countries. Your investing prospect with NEM would be rosy so you can effectively shield your money against the harsh impact of hyperinflation.

Buying gold stocks and investing in the gold sector can be your effective weapon against hyperinflation. Your paper assets as well as money market investments could be wiped out when the recession intensifies. Your only recourse therefore is to shift your investments from worthless paper assets into hard assets. This means taking refuge in gold investing so you can ensure your profitability even during times of general economic collapse.

Make a solid investment now with Barrick Gold: http://www.inflation.us/abx.html . Visit our website: http://www.inflation.us/nem.html to view other stable mining companies such as NEM which could protect you from hyperinfaltion.