Many new reports have publicized that the financial markets can go no lower. Crude oil prices are at an all time low, the housing slump and economic slowdown are over, and the future looks so bright, or is it? These reports recommend that now is the time to liquidate your gold bullion. But don’t be fooled, take off those rose-colored glasses, because now is definitely not the time to sell!
Before you decide to trade your gold for depreciating dollars, look at these important facts why you should be doing more gold investing. While retail sales have risen slightly, these sales include gasoline; which is selling well because the prices have dropped. Jobless claims continue to rise and many companies continue to announce new layoffs. Financial markets are still volatile. Even after the government has bailed out some of the largest banks, these same banks continue to need more money to operate.
The housing market has not yet reached bottom and people defaulting on their mortgages continues to rise. Inflation is going up and has risen more in the last six months than it has since 1991. The federal government will not raise interest rates to deal with inflation. The Fed has never raised rates while the country is in a recession. Tension is high all around the world. The gold price continues to drop as the global tension increases.
So what should you do? Think about this question. What has survived war, inflation, deflation, recessions, and depressions? That’s right, precious metals. What has not? Paper money has come and gone. Confederate money from the Civil War is no longer any good, but the gold that backed it still is. Gold is a long-term stable investment that history has shown to be the right choice for dealing with many types of crisis that are around right now. Throw away the rose-colored glasses and realize that the best recommendation is to NOT sell gold but to buy it!
David Brown
Site representative
Atlant Gold
Secure your money on gold investing