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In their arguments against gold coin investing the naysayers call gold a relic that has a place only in third-world countries.

June 15, 2011 – In their arguments against gold coin investing the naysayers call gold a relic that has a place only in third-world countries. Well don’t look now, because that’s right where America is heading. Here’s a few of the symptoms.

Sub-standard housing. According to the AP, HUD reports that “the number of people using shelters or transitional housing in suburban and rural areas increased 57% from 2007 to 2010,” with half a million people seeking help just last year. That’s a “direct result of unemployment, the economic challenges we’ve seen,” explains HUD Secretary Shaun Donovan.

Unemployment. Jobs are scarce in third-world countries, and no amount of desire to work can overcome that. Today millions of Americans are trapped by structural unemployment, willing and able to work but treated as lepers by the corporate community.

Poor education. Our public schools are already pushing countless functional illiterates through the system while our math and science performance has steadily fallen behind every other developed country. The cost of higher education has soared while the prospects of finding a job commensurate with a college degree has sharply declined. With vast numbers of college graduates being forced into work that requires only a high school diploma at best, the value of higher education is being seriously questioned.

Hunger. The soaring price of necessities is far outpacing income growth, causing a disturbing decline in the quality of the average American’s diet. Far worse, among those in more dire straits – particularly the children – malnutrition is rapidly approaching epidemic proportions.

Wealth inequality. In third world countries wealth resides almost entirely with the very few elite while the rest of the population has very little hope of rising above poverty. The concentration of wealth in America is little better, and the chasm is widening.

Hyperinflation. As the GDP of third world countries deteriorates, the governments turn to their printing presses, igniting hyperinflation. The Fed’s policies have already done significant damage to our economy and fear is growing that it will again try to take the easy way out, “unleashing inflation and disrupting financial markets,” according to 38 leading economists surveyed by the AP.

There is a common thread to these symptoms: wealth. In a country of the rich, by the rich, and for the rich the system exists solely to channel money from the masses to the few. Eventually such a system must self-destruct, and those who had the foresight to buy gold will endure.

Just the thought of that being America’s future is incentive enough to invest in gold coins.

Kevin Johnson

Senior Staff Writer – GoldCoin.net

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