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While the economy struggles to remember how it got by for decades without government meddling, gold coin prices are heading up in earnest.

July 18, 2011 – While the economy struggles to remember how it got by for decades without government meddling, gold coin prices are heading up in earnest. The bargain days may be over, but the opportunities are not – this upside has a long ways to go.

Granted, corporate profits remain strong, but at what expense? Clearly they are not coming from a growing economy; they are due to cutting back on labor and squeezing ever more from the workers that remain. And companies are not ramping up in preparation for a new wave of consumer spending – without which there can be no recovery – they are instead hoarding cash to survive what they see as an extended downturn.

The so-called bull equities market is a sham; the market is struggling to correct without its daily handout from the Fed. The only life it has seen lately is the result of occasional teasers injected by ‘QE Lite.’ The fire cannot keep burning without accelerant because all of the fuel is spent.

Honorable men, when faced with irrefutable evidence that they have erred, own up to the fact and work together to put things back to right. They learn from their mistakes and move on, ultimately making their world a better and stronger place. But our leaders care only about elections and are driven by the misguided belief that admitting failure shows weakness.

That’s why it doesn’t matter in the least what future folly our government has in store as it bumbles along chasing after broken dreams. The economy will gain momentum in its downward slide, further polarizing the decision makers. Both sides will only shout louder, championing causes that have nothing to do with the underlying problems whatsoever.

Average Americans, meanwhile, are wising up. We are tired of business as usual in Washington. We want solutions, not senseless campaign trail rhetoric. That not being forthcoming, we will cover our own tails and duck into our holes.

The market for gold coins has been relatively unharmed by government interference. To the contrary, it remains driven by fundamentals that Fed policy has immeasurably strengthened. Today gold passed effortlessly through the $1,600 barrier in Europe and is on its way to untold highs.

Eventually our government will be forced to let the markets find their own equilibrium. Only then will the upward pressure on gold begin to moderate. Meanwhile, in the absence of sense gold coin investments will shine.

Kevin Johnson

Senior Staff Writer – GoldCoin.net

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