It’s hard to talk about investment and finances these days without making some mention of the recent scandals and controversy regarding AIG and Bernie Madoff. The fact is that the headlines have opened our eyes. It’s a hard lesson, but perhaps a necessary one.
There are people out there who will only look to take advantage of investors and taxpayers, even in the middle of the hardest recession in decades. People are angry, and in a way, that’s a good thing. Some of us have become determined that we won’t be fooled again.
One of the major problems with this recession actually comes down to the way investors choose to save and invest their money. The problem really comes down to investors relying on what they’ve been using to see their money grow all along. And so, when the stocks crashed, when the banks went out of business, this was basically just burning up money.
Now, what many investors have learned is that you simply cannot bet the farm on this or that investment. You can’t simply put all of your money except for an emergency savings account into your favorite stocks. Throughout this recession, this is why so many have turned to Gold Eagles and other forms of gold investing as a way of keeping their money safe.
The fact is that there will always be scam artists out there, there will always be bankers lending and spending irresponsibly, investment firms asking for bailouts in order to hold a huge party in a hotel lobby or give their CEOs huge bonuses. Wherever there is money, there will be thieves.
The best way to safeguard yourself against these people, as well as to safeguard your money against the recession and inflation that comes as a result of such scandals, is to simply not put all of your eggs in one basket. You can still pursue stocks, still pursue investments in real estate and what have you, but if you invest in metals, invest in Gold Eagles or any rare or precious metal coin, your Gold Eagle investments simply are not subject to corporate corruption.
Many are saying that stocks are about to spring back. We did see a minor flutter of life earlier this month in the stock market, but most anyone involved in Gold Eagle investing isn’t going to see this as a sign that they need to cash in and move their assets into the NASDAQ.
When you buy Gold Eagles and other precious metal commodities, you’re putting your cash into something that really isn’t subject to ponzi schemes and so on. Certified Double Eagles are simply gold coins, a solid commodity that will tend to always be of value regardless of what happens in the economy.
Simply put when you purchase Gold Eagles, you are saving very wisely. The stock market has been making investors angry, these scandals have been making investors angry, bullion Gold Eagles have only proven to be a solid security blanket.
Stewart Lawson
April 11, 2009