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Whatever doomsday prophecies do or do not come to pass in 2012, it is certain that gold coins will continue to perform as one of the best possible investments.

December 28, 2011 – Whatever doomsday prophecies do or do not come to pass in 2012, it is certain that gold coins will continue to perform as one of the best possible investments. Gold was the star performer of 2011, putting every other asset to shame. Considering the impetus of pending global events, gold will be at the very least a rock solid investment in 2012.

At the top of the list of major events waiting to influence the price of gold is the European problem. There is no solution to the European sovereign debt crisis and the rift in the European Union, and its leaders, threatens the validity of the Euro. Any crisis in the Euro, past what we have already seen, will directly affect the price of gold as investors flock to the precious metal for its safe haven powers as well as moneymaking abilities in any currency crisis.

Further, as we have seen with the collapse of MF Global, American banking institutional exposure to European sovereign debt will bring that crisis to our shores in varying degrees. Unfortunately, more trusting bank depositors will find their savings “missing” or with a “trustee” until further notice. $1.5 billion worth of customer money is still unaccounted for after MF Global used its depositor’s accounts to make investments.

This is one of the major crises staring down the American banking system. Even the gold and silver contracts that were held by the bank are totally gone. The importance of holding physical gold and silver will come to the fore in the New Year, even if just one more crisis a fraction of the magnitude of MF Global occurs. Gold and silver contracts in the hands of a big bank is the equivalent of giving a bullets to a maniac with a sawed-off shotgun. The odds of seeing those bullets again are pretty low.

So, as the New Year approaches and you make your plans to increase your positions in gold and silver, remember that the physical ownership debate will be pretty big in 2012. Provided you own more than paper and you’re not keeping that paper in JP Morgan, which currently has a lawsuit pending over which bank owns the same contracts lost in MF Global’s collapse, you can count on the gold you invest in serving you well in 2012. Now is an extraordinarily good time to buy gold. Gold coins are some of the best ways to make your money work for you.

Kevin Johnson

Senior Staff Writer – GoldCoin.net

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