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The Case for Owning Gold in 2010 You Can't Beat Precious Metals for Wealth Preservation When the world monetary crisis of the 1970's rolled into January of 1980, the price of Gold ended up 24 times higher than when the Bull Market began. This is not just an interesting fact, but an indication of how rewarding Gold can be during a financial crisis. Today's Crisis is Worse Than the 70s Its important to consider the differences between 1970's problems and today. Back then, America had a vibrant industrial economy. Today, the U.S. economy is 70% based on consumer spending and debt. Federal Government Debt has grown enormously since 1971. In 1980, on the day Ronald Reagan was elected, the National Debt was $972 (B) Billion. In less than 30 years, the debt has soared to over $12 (T)Trillion. The 2009 Budget Deficit alone was over $1 Trillion Dollars. Monetary Inflation Ends in Rampant Price Inflation  As unbelievable as it sounds, since the financial crisis unfolded in mid-September, the U.S. Government has committed another $8.5 Trillion for taxpayer bailouts. That sum is more than twice what we spent on NASA, the Vietnam War, the Iraq War, the New Deal, the Korean War, the S&L Crisis, the Louisiana Purchase, and the Marshall Plan combined! When you hear — "This is the worst economic crisis since Stop the Insane Borrowing and Spending On top of a National Debt of $12 Trillion today, President Obama has planned for a 2010 budget deficit sure to exceed $1 Trillion Dollars. President Obama, heed our words— "nation can borrow and spend their way to prosperity." The magnitude of the financial crisis of the 1970s pales in comparison to what America faces today. That leads us to wonder— if Gold multiplied in value over 24 times in the 1970s, where will Gold prices end up before this crisis is finally over? Is it unreasonable to see Gold hitting $5,000? Or is 24 times the $258 low for Gold $6,192 out of the question? An honest answer is, we just don't know. If the U.S. really tries to borrow such a massive amount of new money from foreigners, will they say no? If so, are we on the verge of destroying the U.S. Dollar as the world's only reserve currency... then what?Fire Your Stock Broker There are vital lessons we must all learn from the Stock Market crash of 2008:
• Your Stock broker's "Buy and Hold" Stocks philosophy has been proven to be an absolute failure. If you had bought Gold in January of 1999, you would have quadrupled your money through December of 2009. Over the same ten years, the S&P500 Stock Index lost 26% in value. As we look at the world economy beyond 2009, we are more pessimistic. The U.S. consumer-driven economy is gone forever. We cannot grow and prosper as a nation flipping hamburgers, shopping online, and trading Stocks with each other. Nor can we borrow our way to prosperity.  Avoid
All Unnecessary Risk in StocksUntil a future time when America stops the insane borrowing and spending, we urge our wealthy friends to avoid risky Stocks (and Bonds.) We've seen that Stock markets can (and often do) fall in value by 80%. Invest carefully. In our opinion, it's time to build a fortress of safety and protection around your life savings. Be defensive, the primary goal today must be wealth protection. Banks are broke, the government is broken, and the financial world has been turned upside down. We are all left wondering what to do next— besides hoard Gold. In these uncertain economic times, we remain convinced that investors need to own more Gold to survive, thrive, and prosper. What's the best private, non-reportable gold? How can you buy gold? All the details are inside our "2010 Gold Profit Update." Click here to read order the full report. Questions? Call a Gold Specialist at 1-800-668-8771
Austin Rare Coins, Inc. Serving Investors & Rare Coin Collectors since 1989 7200 North Mopac • Austin TX 78731 Disclaimers: Austin Rare Coins & Bullion has prepared information on this site for the private use of our readers. It should not be taken as personal financial advice. The information herein is obtained from a variety of sources that we believe to be reliable, but we cannot guarantee the accuracy or that information has not been condensed or may be incomplete. All opinions expressed by the editors of The Austin Report and those expressing opinions are subject to change without notice. We are not financial advisors. The information about future predictions, projections, or financial advice could prove to be unprofitable. This firm is specifically in the business of selling gold, silver, platinum and rare coins to the public and offers its opinions from that viewpoint. We generally make available news and opinions that relate positively to our markets and do not seek to present a balanced view of the investment markets. We advise that you seek out information from a variety of news sources before making any investment decisions. It's important to always remember that past performance is no guarantee of future value. These products may not be suitable for every individual as the value of gold, silver, and rare coins go down as well as up in value. |
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