Posts Tagged ‘Gold’
» posted on Monday, May 30th, 2011 at 3:18 pm by Damien Baldino
Utah law should be looked at as a wake-up call
American Silver Eagle
In the past two or three years, there have been a lot of events that should have served as wake-up calls for politicians and public officials. Another one of these events happened recently when Utah passed a law to encourage individuals to accept U.S. gold and silver bullion coins for their weights, rather than their nominal value. For example, the American Silver Eagle is a one dollar coin, but with the current spot price of silver at $38 per ounce, it is also worth $38.
There are a lot of people concerned about the economy, from survivalists who are waiting for a complete economic collapse, to those expecting slightly greater than usual inflation. Personally, I’m not expecting a massive collapse, but I am expecting increasing inflation and an erosion of the dollar’s value as the presses keep rolling. Making it more convenient to use gold and silver is a good thing which might encourages individuals to diversify their wealth.
post a comment | filed under Current Events · Economy | tags: American Eagle, Bullion, Dollar, Gold, Infllation, Precious Metals, Silver, Utah
» posted on Sunday, December 6th, 2009 at 5:42 pm by Damien Baldino
Be cautious when investing in gold
Have you seen commercials on television lately talking about gold as the perfect investment vehicle? I’ve seen several of them lately, and I’m a bit mystified. Before I go into details about why I find this strange, check out this article about conservative talk show hosts and their links to gold advertisers. There’s a lot of gloom and doom out there, and the economy is far from strong, but do your best to ignore these commercials.
The economy is in lousy shape, but from what I’ve seen, read, and experienced, the worst is behind us. Stocks and real estate have plummeted in value over the past year or so, and in the case of stocks, a substantial portion of their value has recovered. Many pundits (but not this one) seem set on convincing us that the financial apocalypse is upon us. From what I can tell, they’re wrong. The financial system is weak, but it certainly isn’t dead. » read more
post a comment | filed under Business · Economy | tags: Asset Bubble, Gold, Real Estate, Securities, Stocks
