Golden Truth Blog: by Superior Gold Group

Friday, February 5, 2010
Gold coins offer a stable investment option in light of concerns about the government’s long-term credit sustainability.
- By John March
People who are waiting for a return to normalcy in the stock market and the broader U.S. economy got some unsettling news this week in the form of a warning from Moody’s Investors Service about the long-term state of the nation’s credit rating.

According to the UK’s Financial Times newspaper, the firm has warned that the triple AAA sovereign credit rating of the United States could be jeopardized by either weak economic growth or a failure to properly address the country’s budget deficit and national debt.

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- By John March
A rapidly rising U.S. national debt is one reason to consider gold investment coins as an investment option, especially in light of a recent congressional vote.

On Thursday, the Senate voted to allow the government to rack up an additional $1.9 trillion in debt, which appears to position it to have a $14.3 trillion debt, up from one that is currently in the $12 trillion neighborhood.

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Monday, February 1, 2010
A double dip recession is one concern sometimes raised by economists.
- By Bruce Sands
One concern with the current economy has been the possibility that even in light of a pending recovery, there could still be a “double dip” recession that could produce conditions even worse than they were a year ago.

This has remained true even in light of a gross domestic product that grew at an encouraging 5.7 percent rate in the fourth quarter of 2009.

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Gold prices have settled somewhat in recent weeks, potentially providing investors with new opportunities to set themselves up to take advantage of longer-term price gains.

A report from Bloomberg News notes that gold prices had remained relatively unchanged in London during Friday’s trading, while platinum and palladium prices had fallen somewhat.

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- John March
Silver and gold dealers and investors alike have benefited from the ongoing strength seen in commodities markets recently, with gold having especially commanded a significant share of media attention over the past couple of years.

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- Bruce Sands

A report by Dow Jones cites a softer U.S. dollar and positive economic indicators such as an improved manufacturing outlook in accounting for some of the current price rally in the gold market. The article notes that the price peaked at $1,124 on Monday, marking the highest price since December 17.

Another major factor cited by the news service was the strength of crude oil prices, which ties in with gold because funds typically invest in more than one commodity at a time.

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