Don’t expect the government to wake up – take shelter in certified gold coins. Posted by James Randolph on January 24, 2011
Don’t expect the government to wake up – take shelter in certified gold coins.
January 24, 2011 – If you live in Europe there is a ray of hope that your government has come to its senses, but here in the good old USA the sage advice is to hunker down and take shelter from the impending storm with investments in certified gold coins.
Brian Blackstone and Marcus Walker report in the Wall Street Journal that European Central Bank President Jean-Claude Trichet is calling for “budget austerity and vigilance in the face of rising energy and commodity prices” as the “best path to economic recovery.” Duh. But our beloved Fed won’t back down from its stance that the best way out of debt is to keep on spending.
Trichet has “urged central bankers everywhere to ensure that higher energy and food prices don’t gain a foothold in the global economy,” but the Fed insists that those basic necessities have no part in real inflation. But when filling up my Honda costs $50 and my weekly grocery tab tops $150, you can’t convince me that the cost of living has held steady over the past two years.
Obviously Washington lives in a world apart from that of us average Americans. To us inflation means only that after paying for essentials there is less remaining to improve our quality of life and to invest in our future. Unless you are among the Wall Street elite, who have been the beneficiaries of the governments largesse, you have seen your wealth eroded at an astonishing rate.
Now professional traders on Wall Street need your money to cash in on a market they have driven to unrealistic levels with Federal cash. But this time the vast majority of investors are wise to the game and are refusing to play.
As Fed policies reduce the dollar to junk, there is no better way to protect your wealth than with an investment in certified gold coins.
Senior Staff Writer – Certified Gold Exchange