Certified gold coins are your best protection against a government racing full tilt down a dead end spur. Posted by James Randolph on March 16, 2011
Survive the train wreck with certified gold coins.
March 16, 2011 – Certified gold coins are your best protection against a government racing full tilt down a dead end spur. And just what do Americans think about their government? A full “81% of mainstream voters think the country is going down the wrong track,” according to Rasmussen Reports, which accounts for their Consumer Index falling to its lowest level since last September.
Rasmussen Reports conducts more public opinion polls than any other company and their Consumer Index is a highly respected indicator of consumer economic sentiment. According to the latest figures, consumer confidence in the economy has fallen 14.5 points to 74.5 (the baseline of 100 was established for October, 2001) in just the last 30 days. Small wonder – two thirds of the population consider their financial condition to be less than good and 25% believe it to be poor.
The latest economic data only confirms their concerns. February’s much touted gain of 250,000 jobs was obliterated by 397,000 first-time jobless claims – 19,000 more than expected. In January the trade deficit swelled more than 15%, while imports outstripped exports in China by more than $7 billion. Even Wall Street has been forced to take notice, as witnessed by Thursday’s sharp drop in equity futures, and the wildcard has yet to be played.
That will come in June when the Fed is expected to withdraw from the Treasury market, where it has recently represented 70% of demand. Pimco, the world’s largest bond fund, has fully divested its holdings of US debt in expectation of plummeting prices, but others expect prices to hold as investors seek haven from a possible a double dip.
But the dollar is the problem, not the solution, and Treasuries are no haven. It looks like it will take a train wreck to bring an end to the insanity, and your best chance of surviving that is by investing in certified gold coins.
Senior Staff Writer – Certified Gold Exchange