Golden Truth Blog: by Superior Gold Group

Wednesday, March 3, 2010
Gold remains attractive to both sellers and buyers.
- By Bruce Sands
The ongoing strength in the dealer gold market is being fueled by a mix of economic uncertainty, increased industrial activity in some countries and a growing middle class in emerging nations like China and India.

Prices have enjoyed a run-up for much of the past decade, in part because gold has long been seen as a traditionally safe option for investors wary of trusting their money to a shaky stock market.
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Tuesday, March 2, 2010
The FDIC reminded people this week that their deposits are safe in institutions that it insures.
- By John March
Amid ongoing worries about the economy and the stability of the financial system, the Federal Deposit Insurance Corporation reminded Americans that their bank deposits are safe.

In its announcement, the FDIC encouraged people to keep their money in deposit accounts at banks that it insures, adding that deposits up to $250,000 are covered.
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Friday, February 26, 2010
Silver offers good long-term investment potential.
- By Bruce Sands
An Idaho-based silver and gold mining company has announced a significant boost in its 2009 levels of production and proven reserves.

According to Coeur d’Alene Mines Corporation, its total silver production in 2009 stood at 17.7 million ounces, marking a 47.3 percent increase over the 12 million ounces that were mined in 2008. The company’s proven silver reserves at the end of 2009 were 269 million ounces, which was said to be a 16 percent increase over the previous year.

The company’s gold mining efforts have also been doing well in the past year. Total gold production for 2009 was 72,112 ounces, marking a 56.4 percent improvement from 2008, when the company mined 46,115 ounces of the precious metal.

As far as proven gold reserves go, Coeur d’Alene indicated that it saw a 26 percent increase last year to 2.9 million ounces. Significant progress has also reportedly been made at three new precious metals mines held by the company, all of which are projected to have a long life.

Demand for dealer gold and other precious metals has continued to hold up in recent months and is projected to do as industrial applications requiring these commodities continue to pick up pace in various economies around the world.

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Contact The Superior Gold Group and learn how to get on the gold standard at www.gold101.com or Call (888) 374-4032.

The rapidly escalating U.S. national debt is generating concern among some top officials who fear that the deficit could eventually become an unsustainable burden that saddles the economy for decades to come.

So far, Congress has been slow to take action to try to control the deficit, especially as the government continues trying to revive the government through various stimulus expenditures. However, some prominent officials have been sounding the alarm over a national debt that could reach $14 trillion in the coming months.

For example, a report in London’s Financial Times newspaper notes that Thomas Hoenig, the president of the Federal Reserve Bank of Kansas City, recently warned that “without pre-emptive action” on the deficit, “the U.S. risks its next crisis.”

The newspaper also quoted him as saying that a high deficit could cause inflation, and noted that he was the only member of the Federal Reserve to dissent against a finding that interest rates should remain close to zero for now.

While the political will may not yet exist to tackle the deficit and national debt, financial realities may soon emerge regardless. When and if that happens, those holding gold and silver investments may be among the best positioned to ride out any ensuing economic difficulties.

John March is the Chief Technical Officer for the Superior Gold Group, his financial insights on precious metals are sought after by Gold & Silver Dealers globally.

If you have any questions about how to buy gold coins, and want to learn how to grow your portfolio call 888.374.4032 or write to askjohn@gold101.com.

Many investors set out to buy gold coins with an eye on riding out any potential economic instability that could be on the horizon. However, a South Carolina state lawmaker is putting a whole new angle on this perspective.

A plan by Mike Pitts, a Republican, would require gold and silver coins to replace federal dollars as the main legal tender in the state.

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Friday, February 15, 2010
Unemployment remains a wild card in the current economic climate.
- By John March
Some economists took heart from the latest government unemployment report, which dropped from 10 percent to 9.7 percent. However, it remains to be seen if this will be a temporary bump in the recovery or whether the economy is continuing to face more trouble.

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