31p1
  • Home
  • Individual
  • Employer
  • Buy Gold
  • FAQ's
  • Blog
  • Contact
START SAVING

Blog

  • Home
  • Blog
Gold Savings

Should We Prepare for Stagflation?

Angela Jones July 16, 2020 comments off
Gold saving accounts

For an economy to experience slow or no growth is one thing, and for it to live in inflation is another. But it seems like our global economy should start preparing for the worst of both worlds – stagflation. In economics, stagflation or recession-inflation is described as a period where the inflation rate remains high with a slow economic growth rate accompanied by a steadily high unemployment rate. The intense combination of increasing global uncertainty, the uptick in coronavirus cases, changing government policies, and fluctuating markets, elicit an oncoming of acute stagflation. As we witness a shrinking in the economy with a slowdown in sales, disappearing jobs, a significant cash crunch, and diminished profits, we can be assured that we are on the path to experiencing critical stagflation in the near future.

The period of the 1970s is known for severe stagflation. Recession and inflation, accompanied by unemployment and high oil prices, characterized the era of the 1970s. Rising crude oil prices led to an increase in the rate of inflation. The price per barrel of crude oil surpassed the $100 mark, in November 1979, and peaked at $125, in April 1980 – an amount that would not be exceeded for the next twenty-eight years. According to U.S. historical standards, these exorbitant crude oil prices resulted in a staggeringly high, cost-push inflation rate of 13.5% in 1980. As the U.S. economy battled with a recession during the periods December 1969 to November 1970, and November 1973 to March 1975, unemployment was high and growth deficient.

Many investors trusted the dollar to get them through the troubled times of the 1970s, but they quickly realized that the dollar’s purchasing power was falling. Anxious investors soon pulled out of banks and failing currencies, and moved into the precious metals market, investing in the haven asset – gold. Such an outcome is dreaded. We do not wish to be stuck in such liquidity or inflationary crisis. And, therefore, we should take to investing in gold now. Your best gold investment depends on your savings, budget, and cash flows. You could invest in gold bullions or bars or even coins.

Noah Smith, a Bloomberg columnist, writes about the growing prospects of stagflation, “If the U.S. goes from rich, world-straddling colossus to floundering dysfunctional developing nation in just a few decades, it will be one of the most spectacular instances of civilizational decline in world history.” It is indeed, right! Prepare yourself now, without delay, before stagflation brings the global economy down.

best gold investment gold saving plan invest in gold online online gold account online gold savings

Recent Posts

  • Save in Gold Investment Accounts for Your Retirement
  • Building Your Investments in Gold
  • The Unprecedented Crisis of 2020 and The Future of Gold
  • Should We Prepare for Stagflation?
  • Does it Pay to Invest in Gold?
Start Savings

Categories

  • Gold Info
  • Gold News
  • Gold Savings
  • Infographics
  • Investment
  • Savings
  • Silver

Tags

best gold companies to invest in best gold investment best investment buy gold buy gold online corona corona virus covid-19 gold gold bar weight gold bar weight in lbs gold bar weight in pounds gold bar worth gold bullion account gold money account gold savings gold savings account gold worth health how much does a gold bar weight how much does gold bar weight how much gold worth today how much is 1 oz of gold worth how much is an ounce of gold worth how much is gold bar worth how much is gold worth how much is gold worth in ounces investing in gold and silver invest in gold invest in gold online investment investment plans invest money in gold online gold account online gold savings save future save gold save in gold saving plans saving tips tips top gold companies to invest in weight bar of gold what does a gold bar weight what gold worth today
Get in Touch
ABOUT US

Established in 2015, 31p1 is a one-of-its-kind concept, where individuals and businesses can save in real money, GOLD. We allow people to be able to afford gold and to save time by making it completely digital. Apart from saving in gold, 31p1 offers gold in its purest form so that spending habits can be turned in saving habits.

Important Links
  • Login
  • Sign Up
  • Blog
  • Contact
  • Terms
  • Privacy Policy
CONTACT US
  • 701 W Main St, Artesia, NM 88210, USA

  • [email protected]

31p1 Ⓒ Copyright 2020. All Rights Reserved. Developed by Burhani Developers

Add 31p1 Blog to your Homescreen!

Add