Learn The Ins And Outs Of The Gold Coin Market From Gold-Coin.com
November 20, 2009 – The gold coin market has seen a lot of new individuals enter within the past few years, and our government’s ridiculous spending spree is a crucial cause of many investors’ diversification into precious metals. Our government has trillions of dollars in debt tied up in Social Security and Medicare alone, and economists believe that our lawmakers will soon be forced to raise taxes and/or confiscate gold from US citizens to pay down our national debt.
The US Treasury confiscated gold in the 1930s, by order of President Franklin Roosevelt’s Executive Order 6102. Another gold confiscation might be the only viable solution to our nation’s fiscal problems. Even if our government decides to raise taxes, it may not help if other nations refuse US currency.
Since President Richard Nixon removed the United States from the Gold Standard in 1971, our lawmakers have freely spent on one mind-numbingly bad idea after another. They cannot borrow themselves out of debt, so serious actions must be taken for the United States to remain financially relevant.
The gold coin market has seen two-way fluctuations this year, because bullion coins have become less-utilized and rare coins have become more preferable for investors. US gold exchanges are seeing more investors shift away from bullion coins, which are mainly utilized for short-term profit, and into rare coins, which are more appropriate for a long-term hold. Rare coins are for the investor who desires wealth preservation and the potential for long-term profits.
Additionally, investors who value privacy generally purchase historic rarities, because these coins have been deemed to be non-confiscatable types of gold coin. Email us or call us directly for free information on the gold coin market or to fortify your portfolio with safe-haven assets.
Stewart Lawson
Senior Staff Writer - Gold-Coin.com
