If you are still sitting on the fence wondering if you should invest in some gold coins, don’t be surprised to find one day soon that the opportunity has suddenly passed you by.
July 13, 2011 – If you are still sitting on the fence wondering if you should invest in some gold coins, don’t be surprised to find one day soon that the opportunity has suddenly passed you by.
The warning flags were first raised long ago and now they are flying everywhere. Bernanke gave it his best shot and proved that academics can’t hit the broad side of a barn. Brave souls from Geithner to half of the Open Market Committee are stepping forward and confessing that they are stumped. So too is Bernanke, but he just can’t admit it, even to himself.
Whether the chairman is an ideologue or simply an idiot is irrelevant. The world stopped listening long ago. They see our government for what it is, a relic so knotted up by its own politics that it is no longer capable of getting anything meaningful done. And it’s not only us, as one quick look across the pond will confirm.
Maybe that’s why nobody seems to care whether Congress raises the debt limit or not. Maybe they have already placed their bets on us going down the tubes and they are sitting back waiting to collect. We will never know for certain because the twisted system crafted by the demons of Wall Street has allowed bets to be layered upon bets to the point where all traces of the trail are lost in the maze.
Meanwhile, gold keeps playing the role of Punxsutawney Phil, popping its head out of the hole every now and then only to retreat, frightened by its own shadow cast by the light of day. The clouds are steadily gathering, however, and one day soon gold’s winter will come to a sudden and profound end.
Investors, overjoyed by recouping most of what they had lost in equities (assuming they were wise enough to hold them), are gradually coming to the realization that even the stock market “recovery” was a sham. The much heralded 23+% “growth” is just an illusion created by a dying dollar. In hard money terms the S & P 500 lost 2% to gold and the DIA fell behind by more than 2.5%.
The entire system is tanking, and it will take just a very small shock to initiate a cascade failure. When that happens gold will break away at the speed of light and the opportunity to protect your wealth with gold coin investments will be gone.
Senior Staff Writer – GoldCoin.net