Dealer gold one investment option in time of rising deficits
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.
March 18th, 2010 at 6:38 am
[...] continues showing signs of strain. - By Superior Gold Group One reason to consider investing in dealer gold has long been concern about whether the U.S. government will be able to fully fund its obligations [...]
June 5th, 2010 at 7:15 am
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Thank you for that excellent article. I’ll take the notes you have written….