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The Case for Owning Gold in 2009 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 $11.9 (T)Trillion.  Monetary Inflation Ends in Rampant Price InflationAs unbelievable as it sounds, since the financial crisis unfolded in mid-September, the U.S. Government has committed another $8 Trillion for taxpayer bailouts. That sum is 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 $11 Trillion, President Obama will face a 2009 budget deficit sure to exceed $1 Trillion Dollars. Then add on another Trillion Dollars for a stimulus package to get the economy going. President Obama, heed our words– “No 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 tripled your money through the end of 2008. Over the same ten years, the S&P500 Stock Index lost 25% in value. For over a decade, Stocks have been losers. 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%. 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 Wealth Preservation Guide." Click here to read order the full report. Or call one of our Gold Specialists seven days a week from 9am till 9pm at 1-800-928-6468. |
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Questions? Call a Gold Specialist at 1-800-928-6468
Austin Rare Coins, Inc. Serving Investors & Rare Coin Collectors since 1989 7200 North Mopac • Austin TX 78731
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