Certified Gold Market Posted by James Randolph on November 23, 2009
November 23, 2009 – Many investors who have never before purchased gold have recently taken their position in the certified gold market, because our current administration’s excessive spending spree has sparked widespread fear of the possible implosion of the US dollar. Their entry into this market has been marked by the rapidly rising gold spot price, which stands at $1172 at 11am EST.
Instead of acting responsibly by paying down our national debt during these difficult times, our government has sided with big business and alienated the household investor. Some investors have been able to see profits during the last four months, but the average American’s portfolio is still 35% below 2005’s same-time levels.
Our unemployment rate (now officially at 10.2%) is steadily climbing and it appears that retirement may never materialize for many Americans. Not only is unemployment becoming the norm rather than the exception, but investors with retirement accounts have lost almost $3 trillion from those accounts in the last three years. That money is gone forever, and most Americans will not be able to reclaim the majority of those dissolved funds. Some investors have decided to convert their assets into physical gold, which could preserve their remaining wealth until our nation’s financial storm passes, if and when it does.
The certified gold market is best reserved for investors who desire a long-term stake in physical gold. Pre-1933, US coins that have been verified as being Mint State by PCGS or NGC have been the best performers over the past 20 years, because these coins track the price of gold and maintain a numismatic, collector value. If our dollar reaches the point of insolvency, our insane policymakers may freeze the gold bullion market and seize gold bullion.
If this happens, certified gold coins would most likely increase dramatically because other types of gold would be illegal to own. Certified gold coins are private, and they have historically exhibited progressive growth above and beyond the gold spot price’s movement. If you would like a copy of our 2010 Insider’s Guide To Gold Investing, or if you are ready to protect your wealth with certified gold coins, email us or call toll-free at 800-300-0715.
Senior Staff Writer – Certified Gold Exchange