Daily Gold Coin Market Update
December 15, 2009 - Gold bullion coins are not useful for every investor, and you should evaluate your own investment goals and plans before investing in gold bullion, or any other type of gold investment. Investors should employ gold bullion coins for a specific purpose, and if you do not plan on adhering to these purposes then you should avoid a gold bullion coin investment.
The majority of gold bullion coin purchases are made by investors who foresee inflation of US currency in the near future. The dollar could never reach the point of collapsing in these investors’ minds, although the Fed’s tampering of interest rates and the monetary supply could devalue the dollar significantly. Historically, inflation of the greenback elevates gold prices and other commodities that are priced-based in US dollars. If you believe that inflation could affect your spending power over the next 1-14 months before our economy again regains firm financial footing, then gold bullion coins could be a wise investment choice.
Be aware that gold bullion products that are held within the United States are subject to confiscation by the US government, and our leaders enacted this authority during the Great Depression. If 2010 proves to be the start of the “Greater Depression” as many economists believe it will, another gold seizure could take place as a means to back up the failing dollar and pay down our federal deficit. Historically, the gold bullion market was frozen from 1933-1971 and there is no history of a black market for gold bullion during that time. If you held your bullion illegally, you had nothing more than a shiny, and quite expensive paperweight that you could not let anyone know that you’re… “weighting on”.
If you would like to invest in gold and you are discovering that bullion may not meet your needs, contact Gold-Coin.com for information on more appropriate gold coin investments, or simply register below for a starter kit of helpful information.
Stewart Lawson
Senior Staff Writer - Gold-Coin.com
