If your earnings fall below that of the top 10% of Americans, this is a great time to get serious about investing in gold coins.

January 04, 2011 – If your earnings fall below that of the top 10% of Americans, this is a great time to get serious about investing in gold coins. James Quinn’s article in the Market Oracle, “Wall Street Wealth Bailout” tells us why.

In an editorial in the November 4 Washington Post Bernanke proclaims "Higher stock prices will boost consumer wealth and help increase confidence, which can also spur spending." That’s pure bunk. Americans below the top 10% in income hold a mere 1.5% of stocks. Higher stock prices benefits the insiders, but they need more of us to hand over our money to keep their gravy train rolling. And Bernanke is more than willing to help them out.

The Fed’s policy of holding interest rates down to zero stripped all real earnings from cash investments virtually overnight. With bank accounts and CDs producing negative yields, people will be forced into more speculative investments. QE2 has also caused treasuries to rise, which in turn drove up mortgage rates, ensuring that the housing market will continue to suffer throughout 2011. With over 60% of middle America’s wealth tied up in a primary residence, even more pressure is placed on them to speculate.

The Fed is clearly in an unholy alliance with the equity markets. Go to your checkbook and see just how much prices have risen over the last year for just the essentials. That is a real measure of inflation, and it will unquestionably make the government’s figure of 0% look absurd.

You definitely should get out of cash investments, but you don’t have to play into the hands of those who rigged the game. Gold is far more than a stable and inflation resistant alternate currency. Gold coin investments consistently outperform stocks and they are beyond the reach of the Wall Street money grab.

Kevin Johnson

Senior Staff Writer – GoldCoin.net