Inflation Soars: Expert Gives Tips on Keeping Money Safe
LUBBOCK, Texas, June 18, 2012 /PRNewswire/ -- Voices across the country are sounding alarms about an impending financial crisis, including a local expert, who says this will result in drastically increased prices on common goods. Everyday citizens see minor indications of this at the pump and the grocery store.
But LubbockInvest CEO, Blake Templeton, warns massive inflation, expected to hit in the latter part of 2012 or early 2013, could change everything for comfortable American residents.
The National Inflation Association reports show in the last two years the U. S. has printed more money than they have in the prior 100 years of existence. Taxing 100 percent of the nation's income would still not be enough to balance the federal budget.
Templeton said the question of where to place one's investments has perplexed many as a result of the decreasing power of the dollar.
"I have personally moved my investments into sub-markets of real estate," Templeton said. "Based on local conditions, these sub-markets run counter to the national economy."
Templeton is a nationally recognized speaker in the real estate investing industry and has grown his personal revenue and that of his clients', in spite of the recession.
He emphasizes the need to invest in commodities, things that hold real value.
"My advice to people over the next six months is to transition all of their investments into tangible assets that have financial recourse," he said. "The strategy is to focus on industries that are currently doing well but will also do well under hyperinflation circumstances and even a dollar collapse."
Currently, some of these industries include housing for oil workers, healthcare providers, and colleges.
While some recommend gold as a hedge against inflation, Templeton suggests gold should only be purchased as a precautionary measure.
"The limitation with gold is that you can't eat it, sleep in it, or provide anything practically useful," Templeton said. "I invest in gold as a supplementary measure, but I don't bet my livelihood on it."
LubbockInvest, LLC is a real estate investment firm based in Lubbock, TX. Founded in 2006, the company creates wealth for individuals, backed by real estate. Investment products include turnkey cash flowing rentals and private lending transactions at fixed, high-yield rate of returns, and focuses on sub-markets of real estate.
CONTACT: Romeyo Kirven, LubbockInvest, (806) 686-4259 or [email protected]
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SOURCE LubbockInvest, LLC
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