While developments in Greece were postponed for this week, it is becoming rapidly clear that the current environment for gold investing is one of a global depression. Posted by James Randolph on February 14, 2012
Gold Investing During a Global Depression
February 14, 2012 – While developments in Greece were postponed for this week, it is becoming rapidly clear that the current environment for gold investing is one of a global depression. The time for anything but realism has certainly passed in the global economic environment, as it is more beneficial to savers, investors, and American workers to know very specifically that things are not getting better and the best way to protect yourself right now is investing in gold.
The most recent reports out of the Eurozone are actually from Ireland where the bailout packages and packaged debts have run their course and the economy is again showing signs of weakening. Farms in Ireland have been suffering as theft of livestock, animals, and diesel gasoline has proven just how dire the situation is becoming. The younger populations of Ireland are actually immigrating, again, to Australia, South America, and the East in order to find better job prospects. This is the first time this has happened in 100 years and proves the measures taken have not and will not improve the economic situation.
Greece is on the same track as Ireland financially. The same steps have been taken in the beleaguered and beguiled Mediterranean nation. While the Greeks are certainly more political in their protests, no significantly different steps to ensure a return to economic sovereignty have been taken. Actually, just the opposite has occurred as the decision of the manner in which Greece defaults is now in the hands of private, as opposed to government, creditors. Greeks no longer have a say in whether their country defaults.
What we are facing here is the catalyst of a global depression. Most analysts recognize that we have been in a serious recession for the past five years and the growth sustained in the five before that can be attributed to artificial bubbles and the now-faded War on Terror. During this same timeframe, gold has yielded 600 percent, making it the best performing asset. But this is simply logical that the asset with the most tangible inherent value would proliferate in an artificial environment of paper wealth.
What we are witnessing is the final battles between paper and real wealth and real wealth will be the clear winner. This is the view from 35,000 feet, true, but it is fundamentally real in macroeconomics. Investing in gold is the only way we know of to preserve your worth and hedge the future.
Senior Staff Writer – Certified Gold Exchange