Have you noticed the drastic increase in prices lately? Jamie Dimon, the CEO of J.P. Morgan said the following:
““We have a lot of cash and capability and we’re going to be very patient, because I think you have a very good chance inflation will be more than transitory,” said Dimon, longtime JPMorgan CEORead the article HERE
What does that mean? it means he believes we will be dealing with inflation for the foreseeable future.
Here are my thoughts on inflation and what we can do to prepare:
While the average person will stock up on canned goods and paper towels, there’s something else you MUST consider buying: gold and silver.
This info isn’t discussed in mainstream media, but is something everyone should know. Wealthy people buy physical gold and silver and store it safely away in vaults and safes. It is one of the best ways to protect your wealth. In other words, if the stock market crashes or the dollar loses its value, gold and silver will RETAIN their value, and as prices continue to increase, allow you to buy assets others won’t be able to afford.
This is how the rich get richer. Toilet paper is great, but it eventually gets flushed down the toilet. Gold and silver can buy additional assets that can create generational wealth.
Much of this information is not discussed in school or on mainstream media. Get more great tips in my book Invest For Success: Millionaire Wealth Strategies Not Taught in School. Available on Amazon.
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