Venezuela's Inflation Spiral Foreshadowing America's Financial Future and the Rise of Precious Metals Over Cash

Back in 2006, Venezuela was the fastest growing economy in the Americas with the world's 16th largest gold reserves. Fast forward ten years and Venezuela is home to empty grocery stores, hospitals without medicine and a dumpster diving middle class who can no longer afford to buy food with costs reaching as much as $150 for a dozen eggs. Seeing how currency volatility has beleaguered the once-promising Venezuelan economy, many Americans are trading hard earned dollars for precious metals to insulate themselves from the likelihood of a similar financial quagmire in the U.S. More…