There is good reason to keep your money out of the greedy hands on Wall Street and put it into gold coins.

December 13, 2010 – There is good reason to keep your money out of the greedy hands on Wall Street and put it into gold coins. In an article in the Wall Street Journal’s Market Watch, Paul B. Farrell puts into no uncertain terms what we all have been thinking for quite some time: “Stocks are Wall Street’s ultimate sucker bet.” And his advice is equally straightforward: “Do not buy stocks. Not for retirement. Not in the coming decade. Don’t. Huge risks.”

The article, 10 Reasons To Shun Stocks Till Banks Crash, is not the ranting of some crackpot. In it Farrell cites preliminary results from "Operation Broken Trust," a government investigation into investment fraud, to distinguish between two stock markets. The first is for traders, the extremely wealthy Wall Street insiders, and the second if for investors, the average Joe looking to provide for his family in retirement.

According to the investigation, “Investors . . . buy stocks in companies whose profits they expect to rise. The conventional wisdom says stock prices will follow profits up, but over the last two business cycles, that simply has not happened.” Farrell says that has been the pattern for the past 12 years, when “profits rose 203%. But the S&P 500 was up just 7%.”

The high profits driving increased stock values must be going somewhere, and according to Peter Morici, the former chief economist at the International Trade Commission, it is filling the coffers of “hedge funds, electronic traders, private equity funds, and aggressive M&A shops.” But Morici sees a reluctance among individual investors to continue serving their greed “because the little guy may have concluded investing in stocks is a sucker bet.”

On the other hand, gold coins are a durable and debt-free asset that you can hold and you alone control, free of self-seeking Wall Street trickery.

Kevin Johnson

Senior Staff Writer – GoldCoin.net