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Albert Lu in the news

Bankrate.com: Deflation: Is it real? What can you do?

Time to panic?
The good news is that deflation is not the most likely outcome of the current economic environment.
That deflation worries are hanging over the economy at all is the bad news.

“When an economy experiences deflation, the purchasing strength of its monetary unit, the dollar in our case, increases, meaning the prices of all goods — including labor — experience downward pressure,” says Albert Lu, principal at The Woodlands Bullion Company in The Woodlands, Texas.

By Joanne Liu, ago

How to become exempt from new “monetary tax”

The purpose of this inflation is to serve as a tax by taking away the value (rather than the actual dollars) of all the money we hold. This is, however, one tax we can fight against, according to Albert Lu of Woodlands Bullion, a leading authority on precious metals and a contributor to the Price of Business radio show. Lu has stated many times that Americans can reduce their “monetary tax” burden with every precious metal purchase they make.

By Joanne Liu, ago