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 Why are high income families in New Zealand struggling if THE PRICE OF GOLD IS GOING UP?!
Simple answer is that they don't save in gold, they depend on their business as their only source of income or investments which are tethered to the dirivitives markets or real estate all of which are dependant on the country's economy and therefore its currency. It is impossible to outrun inflation on a linear income. This means currency i.e your money is slowly (or if you are in Argentina or Zimbabwe, quickly) devaluing, therefore it makes sense to develop savings habits of something that historically has been the go to when things get tough, GOLD. You have questions if you are doing due diligence right? So why would I pay more for CASHGOLD when I can buy Gold at the US Price? Answer: You wouldn't be! When you open your free Gold savings account, you have options that most people won't have. Don't look at it as CASHGOLD's price, look at it as CASHGOLD's value. You can't buy KBC with US Gold but you can exchange your KBC for Gold at Euro prices! Example: Let's say you buy 1,000 KBC at 3¢ a coin for $30. For every 100 KBC equals 1 gram of Gold. So, 1,000 KBC = 10 CASHGOLD grams at $54.23 per Gram. In other words, just for acquiring CASHGOLD with $30 US dollars, you instantly put $542.30 in your pocket. Logic: The $8.44 per gram difference that you would save for just buying Gold at US prices and not buying CASHGOLD is actually costing you $8.44 per gram profit when you perceive value and not price. Not to mention spending $30 for 10 grams. That's $3 a gram!
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