The current rate of inflation is 2.1 percent. Should you be concerned? What exactly does that mean for you, your pocketbook or wallet and your future?
First, let’s look at what inflation means and how it is calculated. Inflation is measured mostly by the Consumer Price Index (CPI). The CPI keeps track of what consumers are buying and at what price. For example, if on the average you are paying 4 percent more on everyday items than what you were paying a year ago, then the CPI would be measured at 4 percent.
Is inflation good or bad? Generally, inflation is a bad thing. Simply put, inflation means you have to pay more for something you bought a year ago. In order to make up for the extra money you are having to spend, you may have to limit or adjust your spending on other items. In addition, inflation increases interest rates as well as places a restrain on benefits received for social security or retirement plans.
So, as you can see, inflation is not a good thing. If that’s the case, then you may wonder if there is something to protect people from the grip of inflation. Actually, there is. More and more people are turning to the U.S. Money Reserve for help in combatting inflation. Basically, the U.S. Money Reserves makes it possible for U.S. citizens to own precious metals, such as gold, silver or platinum.
The US Money Reserve was founded in 2001 and is considered to be one of the country’s biggest suppliers of precious metals and coins. The staff consists of specialists who are experts in locating the specific metal that will bring the most bucks for the buyer. Customers from all over the United Stated have come to rely on these experts regardless of their purchasing experience.
In addition, the US Money Reserve has recently redesigned their website in order to enhance the buying experience. The complete coin catalog is now showcased online as well as providing live pricing on bullion and bars. Customers are able to interact with the staff as they provide education and advice concerning purchases.
Other features include a free gold information kit. If a buyer has questions, a knowledge center is available. Customers can also read up on the latest precious metals news in The Full Headline Gold Newsroom. All of the features are provided online.
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