October 20, 2009 Posted by James Randolph on October 20, 2009
October 20, 2009 – Many of our nation’s economists now believe that certified gold prices could rise sharply in the coming months, especially if our national unemployment level continues to rise uncontrollably. A recent Wall Street Journal report details how our pitiful job (less) market is faring, and why many of our nation’s employers are unable or unwilling to supplement their workforce. If unemployment levels continue to rise, consumer spending would decline sharply, which would hurt US-based manufacturing plants and factories. If our nation’s factories continue to close or decrease their output, US exports and gross domestic product (GDP) will fall. The result would be more of what he have already started to see; expensive prices at the grocery store, a weaker dollar compared to other major currencies-and higher commodity values.
Sugar, gold, and other commodities have already surpassed historic highs recently, and many economists believe that a weaker dollar will force the prices of many natural resources higher. If our leaders are able to halt the dollar’s slide, then they may be able to control long-term inflation. However, if gold were to rise because of the falling dollar and weakening American economy, certified gold coins would trend in the same direction. Certified gold coins carry the inherent value of physical gold, but they also offer an additional numismatic premium that generally tends to grow with time. These coins are completely private and debt-free, and their government non-confiscatability provides an extra element of security and diversification for an otherwise vulnerable portfolio. Investors who would like to learn more about the guidelines for gold investing are encouraged to visit www.Gold-Investment.info, where free information is available for institutional and household investors.
Senior Staff Writer – Certified Gold Exchange