Ad­justed for in­fla­tion, 1997 to 2017

Power & Motor Yacht - - BOATYARD TIP -


If you keep cash in a stan­dard debit ac­count, in­fla­tion is slowly drain­ing your sav­ings. As this chart shows, the buy­ing power of the U.S. dol­lar has de­clined dra­mat­i­cally over the past two decades. A $100 bill stashed in no-in­ter­est sav­ings in 1997 is now worth only $65 when ad­justed for in­fla­tion, while $100 in gold has in­creased to $303 – a pow­er­ful rea­son to use gold for your ev­ery­day spend­ing needs.

With a uni­ver­sally ac­cepted cur­rency like gold, you can skip right by those lines and keep the FX hand from dip­ping into your travel funds. Same goes for in­ter­na­tional pur­chases, like a fish­ing char­ter in Baja or drinks at a Paris bistro; why pay a con­ver­sion sur­charge when you can skip it?


So how does a nor­mal in­vestor start sav­ing and spend­ing with gold? A new fi­nan­cial tech­nol­ogy com­pany called Glint has de­vel­oped a pro­pri­etary sys­tem that lets you buy gold through a mo­bile app and spend it with a Master­card® debit card. Whether you buy $10 or $10 mil­lion in gold, you’ll own real, phys­i­cal gold that’s held in your name in a Swiss vault with the com­pany trusted to hold the world’s bul­lion: Brink’s. Sim­ply down­load the app, reg­is­ter, and trans­fer dol­lars from your debit ac­count. Glint pur­chases the gold im­me­di­ately, and in­sures it with Lloyds of Lon­don. From there, you can spend your gold wher­ever Master­card® is ac­cepted, on any­thing from gas to gro­ceries to globe-trot­ting va­ca­tions. The firm’s tech­nol­ogy con­verts the value of your gold into dol­lars in real time, mean­ing you can also use an ATM to with­draw cash.

With a Glint gold ac­count, you pro­tect your sav­ings from volatile mar­kets, you side­step in­fla­tion, and you sail through cus­toms with a fat­ter wal­let. And that is why gold is mak­ing a come­back.

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