October 14, 2009 Posted by James Randolph on October 14, 2009
October 14, 2009 – September retail sales declined 1.5% within the United States, which is more proof that American consumers are not buying our government’s transparent claims of national financial recovery. Many investors have slashed their personal living expenses to the bone, and some of these investors are using their "disposable" income to purchase certified gold and silver coins instead of a new home, a fuel-efficient car, or the latest electronic widget. These coins are not the type of investment that is recommended for everyone, but investors who seek a long-term wealth-storage vehicle may find that certified gold and silver coins are appropriate. These coins generally fluctuate in the same direction as bullion spot prices listed on the Commodities Exchange(COMEX), but they have historically been much more profitable than bullion items during tumultuopus economic times in US history. The Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation (NGC) examine and grade pre-1933 US gold and silver coins, and American investors typically purchase these coins when they are looking for a way to protect and grow their wealth over a period of years, or even decades. The obscene manipulation of economic data that has been publicized by our government has helped the certified US coin market to grow by 2.8% in value so far this week, because more investors are wising up to the not so impartial media. Many Wall Street economists believe that NGC and PCGS-graded coins could vastly outperform our traditional markets during the next three years.
On a positive note, economists had predicted a 2.3% drop in retail sales for the month of September, so the actual reading of 1.5% boosted US stock indexes this morning. Even the lesser 1.5% figure is alarming, though, because it represents the largest margin of decreased sales since December of 2008. Consumer demand for retail goods accounts for 70% of our nation’s total eceonomic activity, so the decrease in consumer spending worries many forward-thinking economists. These financial experts are worried that Americans will continue to cut their spending until claims of economic recovery are viable, and not just a pipe dream that is pumped by our government propagandists. Many money managers have advised their clients to invest in palpable assets that are liquid, and gold is one such recommended investment avenue. Investors who are concerned for the long-term future of our nation’s economy are encouraged to consider a precious metal investment, not only for the potential profit that physical metals could provide, but also for the virtual bulletproofing that it adds to a vulnerable portfolio.
Senior Staff Writer – Certified Gold Exchange