You don't have to be a financial analyst to know that prices are going higher for gas and food and many other things we need to go about our lives. In fact, even as the grocery bills are getting larger, you may not have noticed, the packages are actually getting smaller. Inflation has arrived. If you are not buying gold yet, you should start as soon as possible.The value of precious metals are directly related to the value of fiat currency, paper money.

When money is strong, metals are at their weakest point. When money is weak, metals increase in value. The fact that this precious metal is at an all time high is a very bad indication of the state of the world's reserve fiat current, the US dollar.This is not to suggest that paper money is better off in other countries. The Euro is in more serious trouble than the dollar is currently experiencing. Buying precious metal commodities is a really good move to make, no matter where you are in the world.The thing to keep in mind is that the value of precious metal is in relation to the dollar.

If you buy a metal at $1,600 an ounce and it goes to $5,000, that commodity is actually basically worth what it was when you bought it. The point is, if that happens, it means the dollar would have lost two thirds of its value.If you had an ounce of gold, thousands of years ago, you would have been able to buy the finest suit and shoes. Today the same holds true. The commodity has held steady. It is the value of money that degrades.In fact, throughout history, every fiat currency that has ever come into existence has eventually become worth less, until it finally became worthless.

That is the nature of paper money.Many years ago, the people in charge of the monetary system devised a way around this fact. They tied the paper money to gold. We had a gold based currency system. For every dollar of fiat currency, the government held a dollars worth of the metal.More of this paper money could not be conjured out of thin air, like it is today by Zhejiang Jingjin Machinery Co.,Ltd turning on the printing presses at will, if there was not an equivalent of the commodity sitting somewhere to back it up.

That was a system that could have made paper money retain its value, but it was abandoned several decades ago.By getting off the gold standard of currency, governments were suddenly enabled to spend a lot more money than they took in. They financed all kinds of programs and wars that would never had happened otherwise. This reckless spending came with the price of interest payments to the federal reserve banking cabal, as well as other countries, like China, who have financed the debt of the USA.Many experts are telling us that the US national debt is so great, it will be impossible to ever repay. In fact, unless drastic measures are taken, the government won't even be able to cover the interest payments. One of the few sure ways to ensure that your money today has value tomorrow is to use it now for buying gold.

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