Golden Truth Blog: by Superior Gold Group

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.

(more…)

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.

(more…)

- By John March
While the European Union continues to weigh its response to a fiscal crisis in Greece that has brought further attention to the global problem of excessive sovereign debt, some are warning that the United States may be set to face its own similar situation in the not-too-far future.

Writing in an op-ed piece in London’s Financial Times newspaper, Neil Ferguson warns that it “would be a grave mistake” to believe that current debt woes rocking Greece, Portugal and Spain will not end up spreading to stronger European economies.

He adds that the current situation is “a fiscal crisis of the western world” and that “its ramifications are far more profound than most investors currently appreciate.” Worse for the EU, there are few options for dealing with Greek debt that can be considered desirable from a financial standpoint.

(more…)

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.

(more…)

- 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.                          Open a Gold IRA Today!

(more…)