22JAN2012: Gold added nearly $25 oz last week to close at $1,667.19 oz while silver gained $2.81 oz to finish strong at $32.33 oz. Our new investors these past few weeks hands down are concerned about the safety of the US dollar, the state of the US economy and our political leadership. Our advice calls for an immediate reduction in US dollar denominated assets and a healthy conversion into physical gold and silver bullion products certified by the US Mint, the Royal Canadian Mint and the Perth Mint to name just a few. The old time saying, “better to have it and not need it, than need it and not have it” I am convinced was written with gold and silver bullion in mind. Since when is it ok to not protect yourself from danger? We have insurance for nearly everything. I go to Best Buy to buy my wife a new electrical gadget and they sell me insurance. We have insurance for our house, cars, health and life. Doesn’t it just make sense to have insurance for your wealth?
We have a government addicted to spending our money and we just seem to accept it. Case in point, consider the breaking news last week when our national debt eclipsed our GDP. This in itself proves our point but to add insult to injury, our national debt will continue to rise faster than our income, forever. It has been estimated in ten years our national debt will be more than 25 trillion. They are rolling the dice with our money and there is little we can do about it. The people we are supposed to trust the most are the ones who can be hardly trusted. This problem hits retirees the hardest who are living on a fixed income and unable to start over. Nine out of ten of the 80 million baby boomers (of which the oldest are currently 67 yrs old) will not economically survive another crash like 2008 or worse based on their current asset allocations.
I continue to believe that the American people have a love-hate relationship with inflation. They hate inflation but love everything that causes it.
William E. Simon
If you converted 20% of your assets into gold or silver bullion in 2008 when the market crashed, and decided to sell at today’s price you would have a nearly 2:1 profit on that investment. (See special calculator) In 2008 we were able to recover from the crash in part by the fed’s decision to intervene. Its these decisions that have us in the predicament were in, and until we can stand as a nation as one and fight back? We will continue to get less in return for what many of us have sacrificed a lifetime for.
Recommendation: We continue our steadfast recommendation at this time to maintain a minimum 20% physical position in primarily certified gold and silver products from the US Mint, Royal Canadian Mint, and Perth Mint to name just a few.
2012 1oz Gold Chinese Pandas
One of the most popular gold coins available today is the 1 oz gold Chinese Panda. Beginning in 1982, the People`s Republic of China began minting pure .999 fine gold bullion coins available in 1 oz, ½ oz, ¼ oz, and 1/10th oz sizes. The obverse features the Temple of Heaven in Beijing. The reverse design portrays the beloved Panda.
If you have any interest in buying 2012 1 oz Gold Chinese Pandas or any other gold or silver bullion coins or bullion bars kindly drop us a note at: info@privatebullion.com
Scott Hage
President
Midwest Bullion Exchange, Inc.
Disclaimer: Midwest Bullion Exchange, Inc. is a precious metals broker/dealer and is not a licensed investment adviser. Although we strongly advocate programs that allow you to hold precious metals in your retirement, we cannot predict the future performance of precious metals or programs that allow precious metals. Furthermore, we recommend that you consult with a professional tax adviser when making decisions that carry tax liabilities. Midwest Bullion Exchange, Inc. reserves the right to decline services to individuals after it has been determined the products and services offered by Midwest Bullion Exchange, Inc. are not suitable for the individual. The author has made every effort to ensure accuracy of information provided; however, neither Midwest Bullion Exchange, Inc., nor the author can guarantee complete accuracy. This article is for informational purposes only. Midwest Bullion Exchange, Inc. and the author of this article do not accept any fault for losses and/or damages arising from the use of this publication
