Certified gold investing might be the only thing we have left to protect ourselves from the impending implosion of the economy. Posted by James Randolph on January 03, 2011
Certified gold: an investment you can trust.
January 3, 2011 – Certified gold investing might be the only thing we have left to protect ourselves from the impending implosion of the economy. With full complicity from our government Wall Street has brazenly continued the very practices that brought us to near collapse, but crushing government debt threatens to stop the juggernaut dead in its tracks.
Wall Street needs more of our money but the hard truth is that the majority of Americans have already been bled dry. Since 1985 the inflation adjusted average net worth in America has remained fairly constant, but the median has fallen nearly 50%, a sure sign that wealth is shifting to the top at a disturbingly fast pace. That is even more dramatically illustrated by census figures for retirement income showing the average has been pushed to nearly $50,000 by those who are reaping the rewards of Wall Street manipulations while the mean has dropped to a paltry $2,000.
The average Joe has become expendable while the fat cats continue to be the government’s bedfellow. Nearly 25% of Americans are unemployed, underplayed, or forced into early retirement but the billions pumped into Wall Street helped Goldman Sachs post $3.2 billion in earnings from banking in the first three quarters of 2010 and over $20 billion from trading. Rubbing salt in the wound, Wall Street’s five biggest firms have put $90 billion in the kitty for 2010 bonuses according to the New York Times.
It is no coincidence that income inequality has grown to much what it was during the Great Depression. The average American has a bitter pill to swallow: we can’t depend on our government and we can’t trust Wall Street. We must depend on ourselves for economic survival and find investments that neither the government nor the very rich can control. That is exactly what certified gold investments have to offer.
Senior Staff Writer – Certified Gold Exchange