Gold coin prices soared to a record high in reaction to the nonfarm payroll report.

November 08, 2010 – A little good news is no excuse to not invest in gold coins. Sure, 151,000 new jobs mean a whole lot to 151,000 people, but what does it mean to the rest of us? According to the Fed, which must have know about the figures before they launched the new stimulus, it apparently means little to nothing.

Following a brief dip, gold coin prices soared to a record high in reaction to the nonfarm payroll report. That is a pretty strong vote of no confidence that any sustainable growth in jobs has begun. In fact, that number is but a drop in the bucket and does nothing to lower the 9.6% rate of unemployment, a rate which many believe represents only half of the true picture.

Of much greater importance to the overall economic outlook are the consequences of the government’s policy to spur growth through exports. To make that happen requires holding down the dollar against foreign currencies, an action that begs response in kind.

The flood of newly printed dollars into our economy poses another serious problem. Record low interest rates are but a thumb in the dike holding back inflation. At some point the economy is bound to turn around and the dike will give way.

Faced with a weaker dollar, the very real potential of an all out currency war, and the ever present threat of inflation investors are flocking in droves to the commodity markets. Gold is of particular interest because it offers protection against all three threats. Until such a time as good news far outweighs the bad, gold coins will remain a wise, practical, and affordable investment for individual investors.

Kevin Johnson

Senior Staff Writer –

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