Having the Latest Industry News at Your Fingertips Protects Your Wealth

Do you know where most of the purchasing power in Malaysia comes from? In addition to reactionary economic policy that drives the printing of new currency whenever the whim strikes, paper currency extends its reach through fractional reserve banking. In the past, currency had to be borrowed from those who were saving. Now, it is stretched to the breaking point. Today, every bank loans out the maximum allowed. When you deposit RM100 in a checking account, that bank can loan out all but 3.5 percent. That RM96.50 is passed back into the economy and deposited into another bank; 96.5 percent of that deposit can again be loaned. Ultimately, a RM100 deposit in a checking account creates RM2,857 in fractional currency. A single Ringgit, in the hands of a modern bank, can become 28 or more with fractional reserve lending.

The problem with this type of economic system is that paper currencies always self-destruct. It is worth remembering the mantra: “Cash is trash!” Only precious metals like gold and silver have the ability to adjust their value, and staying up to date on industry news properly positions you to be able to protect your wealth. Throughout history, gold and silver automatically revalued to catch up with the changes that have occurred with paper currency, cyclically adjusting based on the amount of currency in existence at any given time. Being attuned to these cycles requires staying on top of gold investment news and picking out the relevant from the noise.

News on gold and silver can also help you pinpoint the right moments to buy and sell precious metals, allowing you to have an active role in your wealth management and financial protection efforts. We are cycles investors with expertise in measuring both past and current gold markets and silver markets. We provide the latest breaking gold and silver news that will position you to be ready to take immediate advantage of wealth protection opportunities as they arise.