Gold and silver coins, the well-known "old world" currency, are rapidly becoming the "new world" currency as a result of their provision of the most basic of all-told paper currencies: a store of value. Americans are currently saddled with a mountain of overdue obligations. At the helm might be a new Fed chairman, Ben Bernanke, who has previously been dubbed "Helicopter Ben" and has publicly stated that he would print enough paper money and drop it from helicopters to protect the US economy from sliding into a recession.
"In Gold, we tend to Trust," by David Ranson Associate in Nursing Penny Russell of H.C. Wagonwright & Co. Economics, was just published in the Wall Street Journal. They argue that gold prices are the most accurate indicator of declining public confidence and rising inflation. Here are few significant aspects they bring to light:
* Gold is the standard for determining the value of the dollar, not the other way around.
* Washington and Wall Street are oblivious to the collapsing US dollar.
* The strong surge in gold corresponds to a severe decrease in capitalist confidence.
* Gold is a measure of public trust in paper money.
* The dollar's 60% drop since 2001 may have dealt a blow to capitalism. In conclusion:
The US dollar is slowly but gradually slipping towards oblivion, taking with it all of America's ambitions and goals, as well as the value of their savings accounts and investments. Most Wall Street commentators see gold as just another commodity that is now pricey due to a building fever globally since 2001, causing central banks, hedge funds, and others to shop for gold for the first time in decades. Not so! Because gold is actual money, its value is growing.
The solution|the Associate in Nursingswer is to convert a portion of your "paper" assets into gold, putting you on a private gold standard. Rising gold prices these days are a huge warning flag of resurgent inflation, which might push gold prices beyond $1,000 per ounce. As a result, rather than waiting to shop for gold, buy gold and wait. Instead of waiting to shop for gold, purchase gold and wait.
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