Oil prices and inflation: Is there a relationship and how it may affect average people?
On April 20, 2020 oil prices went negative.
First of all, as you may know, in times of any economic slow-downs the prices of oil are usually low. You can see the trend on the graphs here.
It’s just this time the prices went below zero.
That means that oil producers had to pay buyers to take their oil away. Nothing like that happened in the history of oil.
The event seems profound yet nothing to worry about (nothing worth more than your peace and happiness).
It’s just a little oil Armageddon, like Mike Maloney says (world-renowned financial educator).
The fall of oil prices means that oil-based corporations and big and small businesses have lost and continue to lose their income.
Countries that depend mostly on oil (such as US, Saudi Arabia and Russia) can’t run their economy on something that costs nothing…
For this reason, oil prices are being slowly brought up by printing more money (called quantitative easing).
At the same time, bailouts (financial help) are being issued to affected businesses and corporations.
What money printing means
What does more money printing mean? Trillions of dollars have been pumped into circulation already in the last few months…
That means more inflation:
The prices of goods and services are going to go up for most of the world and it may happen in a short period of time.
This means the US dollar and currencies pegged to the US dollar are further going down in purchasing power.
How to preserve the value of currency
How to escape inflation and preserve the value of your currency?
Acquire physical assets that have intrinsic value! Such as precious metals and land.
Only a few can afford to buy land and gold in big chunks.
Yet, gold in small weights is what average people can afford (0.1 grams, 0.2 grams, 0.4 grams, etc).
And that’s what Karatbars is offering!
The founder of Karatbars had foreseen economic events of this significance years ago and that’s why he came up with a system to distribute gold to the masses, to average people.
The system is a gold savings account.
Gold savings account
With a gold savings account, you can buy gold in small weights manually or automatically.
You can store gold in vaults for free or (after coronavirus lockdown is over) request a delivery.
Share the gold savings account opportunity with people who you care about (and anyone).
By doing this you are rescuing their finances, literally.
Want to learn more on oil prices and a calm urgency to accumulate gold?
In the recorded webinar below, go to 34:14 and watch until 46:48.
The webinar is held by one of the most successful and loved Karatbars
affiliates, Nitsa Nakus (I personally admire her).