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	<title>Gold Coin &#38; Economic News</title>
	<atom:link href="http://www.usgoldcoinauctions.com/gold-coin-blog/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.usgoldcoinauctions.com/gold-coin-blog</link>
	<description>Invest In A Real Asset, Not Paper</description>
	<pubDate>Mon, 11 Jan 2010 21:12:39 +0000</pubDate>
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		<title>Pike&#8217;s Peak Colorado Gold Rush</title>
		<link>http://www.usgoldcoinauctions.com/gold-coin-blog/2010/01/pikes-peak-colorado-gold-rush/</link>
		<comments>http://www.usgoldcoinauctions.com/gold-coin-blog/2010/01/pikes-peak-colorado-gold-rush/#comments</comments>
		<pubDate>Mon, 11 Jan 2010 21:12:39 +0000</pubDate>
		<dc:creator>Alan</dc:creator>
		
		<category><![CDATA[Gold Coins]]></category>

		<category><![CDATA[gold bullion]]></category>

		<guid isPermaLink="false">http://www.usgoldcoinauctions.com/gold-coin-blog/?p=168</guid>
		<description><![CDATA[The Pike&#8217;s Peak Colorado gold rush happened in 1858 in western Kansas territory and southwestern Nebraska territory, and lasted until 1861 with the creation of the Colorado territory. More than 100,000 gold seekers came to this area in a rush for riches, and this quickly became one of the most well-known and prosperous gold rushes [...]]]></description>
			<content:encoded><![CDATA[<p>The Pike&#8217;s Peak Colorado gold rush happened in 1858 in western Kansas territory and southwestern Nebraska territory, and lasted until 1861 with the creation of the Colorado territory. More than 100,000 gold seekers came to this area in a rush for riches, and this quickly became one of the most well-known and prosperous gold rushes in American history. After 1859, which was the peak year of the rush, these miners were known as fifty-niners, and often came bearing the motto ‘Pike&#8217;s Peak or Bust!&#8217;</p>
<p>The Pike&#8217;s Peak Colorado gold rush happened about a decade after the <a title="California Gold Rush" href="http://www.usgoldcoinauctions.com/california-gold-rush"><strong>California gold rush</strong></a>, and brought a temporary and huge influx of immigrants into Pike&#8217;s Peak area and the Southern Rocky Mountains. The gold rush brought the first European-Americans to the region, and created a few places that would become cities such as Denver City and Boulder City. Smaller camps ended up becoming parts of larger towns, and dozens of camps simply became ghost towns. Many gold prospectors were discouraged at the end of the California gold rush, which caused them to return home. However, a few stayed behind and followed rumors that gold was to be found in the Rocky Mountains.</p>
<p>This following ended up paying off in the end, for those who actually took the time to travel to this area and become a part of the search for gold in what would become the Pike&#8217;s Peak gold rush. In 1858, gold was discovered, and it was less than a year by the time news reached the eastern part of the country. At that time, thousands of miners were coming to the Denver area to search for the gold that so many had boasted finding. There were many large finds throughout the area in 1859, and shortly after the mining tapered off for a substantial amount of time.</p>
<p>After many years, people realized that they couldn&#8217;t access the gold that was deeper in the sulfide ore, and abandoned gold prospecting in the area. However, this problem was solved over time, creating a major gold and silver mining industry in Colorado after the gold rush had come and gone. The first decade generally served the South Platte River area and the Clear Creek and South Park areas, and in 1860, Denver City, Golden City, and Boulder City were thriving towns that worked the mines as a way of life.</p>
<p>Still today, the area is popular among vacationers for gold prospecting adventures, but the large mines are now owned by private industry, making the findings more rare and individual prospecting less popular. Panning for gold may be fun, but it&#8217;s hardly profitable. If you want to invest in gold, try purchasing some <a title="Gold Coins" href="http://www.usgoldcoinauctions.com/"><strong>gold coins</strong></a> and holding them for an extended period of time.</p>
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		<item>
		<title>Medical Uses Of Gold</title>
		<link>http://www.usgoldcoinauctions.com/gold-coin-blog/2010/01/medical-uses-of-gold/</link>
		<comments>http://www.usgoldcoinauctions.com/gold-coin-blog/2010/01/medical-uses-of-gold/#comments</comments>
		<pubDate>Sat, 09 Jan 2010 21:59:59 +0000</pubDate>
		<dc:creator>Alan</dc:creator>
		
		<category><![CDATA[Economic News]]></category>

		<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://www.usgoldcoinauctions.com/gold-coin-blog/?p=164</guid>
		<description><![CDATA[Gold is biocompatible, which just means that it isn&#8217;t toxic to the body. For that reason, it can be used for a variety of medical treatments, including drugs and implants of all kinds. In the early to mid 1900s, it was discovered that gold was an effective treatment for rheumatoid arthritis, because it is a [...]]]></description>
			<content:encoded><![CDATA[<p>Gold is biocompatible, which just means that it isn&#8217;t toxic to the body. For that reason, it can be used for a variety of medical treatments, including drugs and implants of all kinds. In the early to mid 1900s, it was discovered that gold was an effective treatment for rheumatoid arthritis, because it is a great aid to the reduction of inflammation in the joints.</p>
<p>Medical implants also use gold in many occasions, since it doesn&#8217;t include a risk for toxicity and has a lower risk of infections. There are many different medical uses of gold, proving that it isn&#8217;t just for collecting and investing in things such as <a title="Gold Coins" href="http://www.usgoldcoinauctions.com/gold-coin-blog/"><strong>gold coins</strong></a>.</p>
<p>When it comes to medical implants, the gold is generally used in places that are at a higher risk of infection, such as the ear. It has also been used in other areas that are prone to infection, as well as serving a variety of uses in the medical world beyond implants. For example, gold is often used to treat prostate cancer, by helping to identify the size and position of the patient&#8217;s prostate during treatment. Small pieces of gold, about the size of rice grains, are used to find the prostate so that a more targeted dose of radiation can be given to the patient. Pace makers and insulin pumps also contain gold, because it has such a record of being highly reliable for electronic devices.</p>
<p>There are many different uses for gold, but the most cutting edge uses and research belongs to the cancer treatment area. Gold can be injected into the body and immediately travel to a cancerous area, which will allow doctors to treat these areas with anti-cancer compounds without having to treat the entire body. The newest research involving gold includes a study of how gold can bind anti-cancer compounds on their surfaces, carrying them through the blood stream and delivering them to the tumors. Once again, this allows for targeted treatments rather than full-body exposure.</p>
<p>Gold is such a biocompatible metal that it can be used for just about any medical need. Implants, cancer research and treatment, and even heart problems and diabetes all rely on gold for use in the various treatment products that are used. By taking the time to learn about gold and how beneficial it can be to the modern medical world, you might realize that it is much more essential to society than you originally thought. There are many uses for gold, and the medical world is not the only one taking advantage of this great metal. This is why gold will always be a great <a title="Alternative Investments" href="http://www.usgoldcoinauctions.com/alternative-investments"><strong>alternative investment</strong></a> to the stock market.</p>
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		<item>
		<title>Gold Sells For $1017 A Barrel</title>
		<link>http://www.usgoldcoinauctions.com/gold-coin-blog/2009/10/gold-sells-for-1017-a-barrel/</link>
		<comments>http://www.usgoldcoinauctions.com/gold-coin-blog/2009/10/gold-sells-for-1017-a-barrel/#comments</comments>
		<pubDate>Mon, 05 Oct 2009 18:55:58 +0000</pubDate>
		<dc:creator>Alan</dc:creator>
		
		<category><![CDATA[Economic News]]></category>

		<category><![CDATA[gold bullion]]></category>

		<guid isPermaLink="false">http://www.usgoldcoinauctions.com/gold-coin-blog/?p=159</guid>
		<description><![CDATA[I wouldn&#8217;t have believed it if I didn&#8217;t see it but, the Yahoo Market Update at 2:00 pm today stated that gold was selling for (the update may have updated since posting this link) $1,017.60 per barrel as you can see from the screenshot below:

That&#8217;s about as cheap as gold will ever be and if [...]]]></description>
			<content:encoded><![CDATA[<p>I wouldn&#8217;t have believed it if I didn&#8217;t see it but, the Yahoo Market Update at 2:00 pm today stated that <a title="Gold Sells For $1,017 Per Barrel" href="http://finance.yahoo.com/marketupdate/overview?u"><strong>gold was selling for</strong></a> (the update may have updated since posting this link) $1,017.60 <strong>per barrel</strong> as you can see from the screenshot below:</p>
<p style="text-align: center;"><img class="size-full wp-image-160 aligncenter" title="Gold At $1,017 Per Barrel" src="http://www.usgoldcoinauctions.com/gold-coin-blog/wp-content/uploads/2009/10/gold-at-1017-per-barrel.gif" alt="Gold At $1,017 Per Barrel" width="521" height="403" /></p>
<p>That&#8217;s about as cheap as gold will ever be and if I were you, I&#8217;d run out and buy several barrels full before the price goes up. I think a barrel is 55 gallons, so you are getting gold for about $18 a gallon. You can&#8217;t beat that. We&#8217;re all going to be rich.</p>
<p>If only it were true.</p>
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		<title>Liberty Head Gold Coins For Sale</title>
		<link>http://www.usgoldcoinauctions.com/gold-coin-blog/2009/08/liberty-head-gold-coins-for-sale/</link>
		<comments>http://www.usgoldcoinauctions.com/gold-coin-blog/2009/08/liberty-head-gold-coins-for-sale/#comments</comments>
		<pubDate>Tue, 04 Aug 2009 20:21:32 +0000</pubDate>
		<dc:creator>Alan</dc:creator>
		
		<category><![CDATA[Gold Coins]]></category>

		<guid isPermaLink="false">http://www.usgoldcoinauctions.com/gold-coin-blog/?p=157</guid>
		<description><![CDATA[Even though they aren&#8217;t the most popular of all gold coins, there are plenty of Liberty head gold coins for sale because they still are one of the most popular coins for the collector and investor. While the St Gaudens gold double eagle is the most popular gold coin sold anywhere in the world, the [...]]]></description>
			<content:encoded><![CDATA[<p>Even though they aren&#8217;t the most popular of all gold coins, there are plenty of <a title="Liberty Head Gold Coins For Sale" href="http://www.usgoldcoinauctions.com/$20-Double-Eagle/liberty-head-gold-coins">Liberty head gold coins for sale</a> because they still are one of the most popular coins for the collector and investor. While the St Gaudens gold double eagle is the most popular gold coin sold anywhere in the world, the Liberty Head may come in a close second.</p>
<p>This coin is also referred to as the Coronet Head as well as the Liberty head and was minted from 1849 to 1907 when the Augustus St Gaudens designed double eagle took the stage and changed the course of history for the coin collector, the US Treasury as well as gold as a collectible and commodity.</p>
<p>There are three sub-types pf this Liberty Head gold coin. The first minting of this coin did not include the words &#8220;In God We Trust&#8221; as the phrase was added in 1866 creating the second type and the third type was minted in 1877 when the words describing the face value of the coin was changed from &#8220;Twenty D&#8221; to &#8221; Twenty Dollars&#8221;.</p>
<p>While this coin is not as popular as the St Gaudens double eagle it is still sought after by collectors and gold investors becuause it is still gold and in these crazy economic times gold is as valuable as ever. Don&#8217;t miss the great deals you might be able to find on the <a title="LIberty Head Gold Double Eagle" href="http://www.usgoldcoinauctions.com/$20-Double-Eagle/liberty-head-gold-coins">Liberty Head gold double eagle</a>.</p>
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		<title>High Relief Double Eagle</title>
		<link>http://www.usgoldcoinauctions.com/gold-coin-blog/2009/08/high-relief-double-eagle/</link>
		<comments>http://www.usgoldcoinauctions.com/gold-coin-blog/2009/08/high-relief-double-eagle/#comments</comments>
		<pubDate>Sun, 02 Aug 2009 22:30:16 +0000</pubDate>
		<dc:creator>Alan</dc:creator>
		
		<category><![CDATA[Gold Coins]]></category>

		<guid isPermaLink="false">http://www.usgoldcoinauctions.com/gold-coin-blog/?p=153</guid>
		<description><![CDATA[The high relief double eagle gold coin as originally designed back in 1907 by Augustus St Gaudens has seen its return in the 2009 version of this beautiful coin. In its originalin 1907 the US Mint did not create the coin so it would be stackable. The edge was too thinly stamped which madethe coins unstackable [...]]]></description>
			<content:encoded><![CDATA[<p>The <a title="High Relief Double Eagle" href="http://www.usgoldcoinauctions.com/2009-ultra-high-relief">high relief double eagle</a> gold coin as originally designed back in 1907 by Augustus St Gaudens has seen its return in the 2009 version of this beautiful coin. In its originalin 1907 the US Mint did not create the coin so it would be stackable. The edge was too thinly stamped which madethe coins unstackable when bankers were storing them in their vaults, thus the coins were discontinued after only a few thousands copies were made.</p>
<p>Most of these original coins were melted down, but a few remain today and are extremely valuable. However, if you don&#8217;t want to have to pay possibly tens of thousands for one of the 1907 copies of this coin, you can grab a 2009 Ultra High Relief Coin for slightly over $1,000.</p>
<p>These are extraordinarily beautiful coins as the design is sunk deeply into the coins surface through a special minting process where the coin is struck multiple times. Only with today&#8217;s mining and stamping technology were these coins made possible. A slight edge has been added to the coin to make them stackable and more easy to store.</p>
<p>These coins are available directly from the US Mint, from dealers across the United States and of course, from eBay. Many good deals have been found on the auction site and the coins are are going for around $1,300 or slightly more as of the publishing of this post.</p>
<p>If you are interested, you can check out <a title="High Relief Double Eagle Gold Coins" href="http://www.usgoldcoinauctions.com/$20-Double-Eagle/2009-ultra-high-relief-gold-coin"><strong>High relief double eagle</strong></a> coins on our site and place your bids right eBay to grab one of  these beauties right now.</p>
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		<item>
		<title>First Spouse Gold Coins</title>
		<link>http://www.usgoldcoinauctions.com/gold-coin-blog/2009/07/first-spouse-gold-coins/</link>
		<comments>http://www.usgoldcoinauctions.com/gold-coin-blog/2009/07/first-spouse-gold-coins/#comments</comments>
		<pubDate>Wed, 29 Jul 2009 18:31:31 +0000</pubDate>
		<dc:creator>Alan</dc:creator>
		
		<category><![CDATA[Gold Coins]]></category>

		<category><![CDATA[gold bullion]]></category>

		<guid isPermaLink="false">http://www.usgoldcoinauctions.com/gold-coin-blog/?p=148</guid>
		<description><![CDATA[The first spouse gold coins program is quite successful as collectors and investors are increasing their demand for these popular coins. This program was started in 2007 to honor our country&#8217;s first ladies and will feature every First Lady through Pat Nixon who held that position from 1969 to 1974. The coins will be issued 4 [...]]]></description>
			<content:encoded><![CDATA[<p>The <a title="First Spouse Gold Coins" href="http://www.usgoldcoinauctions.com/gold-coin-blog/2009/07/first-spouse-gold-coinsfirst-spouse-gold-coins/ ">first spouse gold coins</a> program is quite successful as collectors and investors are increasing their demand for these popular coins. This program was started in 2007 to honor our country&#8217;s first ladies and will feature every First Lady through Pat Nixon who held that position from 1969 to 1974. The coins will be issued 4 or 5 per year through 2016.</p>
<p>Some presidents obviously were not married such as Thomas Jefferson, Andrew Jackson and Martin Van Buren and in those cases a coin will still be issued but it will feature a depiction of Lady Liberty on the Obverse and themes from the President&#8217;s life on the reverse. The coins are all one half ounce 24 karat gold or .9999 percent pure, thus making them true bullion coins. All have a face value of $10</p>
<p>The United States Mint wanted to get into the true bullion coin market due to demand from investors and in 2006 started out with the first true bullion coin issued in the United States which was the Buffalo Gold Coin. Since then the <strong>First Spouse gold coins</strong> have been added to the bullion coin lineup and will continue through at least 2016 with this program.</p>
<p>Listed below are the currently or soon to be available First Spouse coins:</p>
<p><strong>2007 Releases</strong></p>
<p>Martha Washington<br />
Abigail Adams<br />
Jefferson&#8217;s Liberty<br />
Dolley Madison</p>
<p><strong>2008 Releases</strong></p>
<p>Elizabeth Monroe<br />
Louisa Adams<br />
Jackson&#8217;s Liberty<br />
Van Buren&#8217;s Liberty</p>
<p><strong>2009 Releases</strong></p>
<p>Anna Harrison<br />
Letitia Tyler<br />
Julia Tyler (due out August 6, 2009)<br />
Sarah Polk<br />
Margaret Taylor</p>
<p>Check out our store for available <strong><a title="First Spouse Coins" href="http://www.usgoldcoinauctions.com/Gold/first-spouse-gold-coins">First Spouse gold coins</a></strong>.</p>
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		<title>American Gold Coins For Sale</title>
		<link>http://www.usgoldcoinauctions.com/gold-coin-blog/2009/07/american-gold-coins-for-sale/</link>
		<comments>http://www.usgoldcoinauctions.com/gold-coin-blog/2009/07/american-gold-coins-for-sale/#comments</comments>
		<pubDate>Fri, 24 Jul 2009 14:04:06 +0000</pubDate>
		<dc:creator>Alan</dc:creator>
		
		<category><![CDATA[Gold Coins]]></category>

		<guid isPermaLink="false">http://www.usgoldcoinauctions.com/gold-coin-blog/?p=142</guid>
		<description><![CDATA[Lots of people online today are looking for American gold coins for sale for several reasons. One is that they are some of the most beautiful coins in the world, second is that they are the most collected in the entire world and thirdly they are also the most valuable gold coins in the world. [...]]]></description>
			<content:encoded><![CDATA[<p>Lots of people online today are looking for <a title="American Gold Coins For Sale" href="http://www.usgoldcoinauctions.com/Gold/american-eagle-gold-coins">American gold coins for sale</a> for several reasons. One is that they are some of the most beautiful coins in the world, second is that they are the most collected in the entire world and thirdly they are also the most valuable gold coins in the world. In fact, a <a title="1933 St Gaudens Double Eagle" href="http://www.usgoldcoinauctions.com/worlds-most-valuable-coin">1933 St Gaudens Double Eagle</a> is currently the most valuable gold coin in the world. The reason it is the most valuable coin in existence is because there is no other copy of a 1933 St Gaudens that can be sold anywhere in the world.</p>
<p>With the uncertainty of today&#8217;s unstable economy and volatility of the US stock market even though it is up above 9,000 again as of this post, many people are looking for alternative investments and want to get out of the market. American gold coins are the vehicle that&#8217;s filling the void for many people looking for another place to put their money.</p>
<p>Some of the more popular coins people are looking for and interested in collecting are the St Gaudens $20 gold double eagles, the new 2009 Ultra high relief gold double eagle, the many issues of the First Spouse coins, Indian Head quarter eagle coins and the 2006 buffalo gold coin. The buffalo coin is particularly popular because it is the first issue of the first truly bullion coin ever issued in the United States. What Make a coin be a true bullion coin? It has to be .9999 percent pure or 24 karat gold.</p>
<p>So if you are looking for a better place to put your money than the messed up stock market maybe you should consider investing in a few or in a variety of American gold coins for sale. You will find some of the best bargains available today by checking out eBay where you can bid against others for all different kinds of gold coins. Visit our <strong><a title="Gold Coins" href="http://www.usgoldcoinauctions.com/">gold coins</a></strong> store to find the bargain coins to add to your collection or portfolio today.</p>
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		<title>Gold Coins For Sale</title>
		<link>http://www.usgoldcoinauctions.com/gold-coin-blog/2009/07/gold-coins-for-sale/</link>
		<comments>http://www.usgoldcoinauctions.com/gold-coin-blog/2009/07/gold-coins-for-sale/#comments</comments>
		<pubDate>Tue, 21 Jul 2009 15:56:23 +0000</pubDate>
		<dc:creator>Alan</dc:creator>
		
		<category><![CDATA[Gold Coins]]></category>

		<guid isPermaLink="false">http://www.usgoldcoinauctions.com/gold-coin-blog/?p=137</guid>
		<description><![CDATA[Collectors and investors alike are looking for gold coins for sale in these troubled economic times. The are many gold coins to fit every budget and investing style from big timers to those just getting started collecting coins. There are a variety of coins for sale on our site, so have a look around to [...]]]></description>
			<content:encoded><![CDATA[<p>Collectors and investors alike are looking for <a title="Gold Coins For Sale" href="http://www.usgoldcoinauctions.com/">gold coins for sale</a> in these troubled economic times. The are many gold coins to fit every budget and investing style from big timers to those just getting started collecting coins. There are a variety of coins for sale on our site, so have a look around to see if anything is of interest and will fit in with your investment and collecting goals.</p>
<h2><span style="color: #000080;">Gold Coins For Sale:</span></h2>
<p><a title="Untra High Relief Gold Coin" href="http://www.usgoldcoinauctions.com/$20-Double-Eagle/2009-ultra-high-relief-gold-coin">2009 Ultra High Relief Gold Coin</a> - One of the most anticipated and sought after coins of the last decade and sure to be a classic for many decades to come.</p>
<p><a title="American Eagle Gld Coins" href="http://www.usgoldcoinauctions.com/Gold/american-eagle-gold-coins">American Eagle Gold Coins</a> - Currently the most popular gold bullion coin minted in the United States. Still widely available, but prices are trending upward. These were minted from 1986 to the present.</p>
<p><a title="St Gaudens Gold Cins" href="http://www.usgoldcoinauctions.com/$20-Double-Eagle/st-gaudens-gold-coins">St Gaudens Double Eagles</a> - The most sought after gold pieces of numismatic value. This is the coin to own if you are a collector or investor in gold.</p>
<p><a title="LIberty Head Gold Coins" href="http://www.usgoldcoinauctions.com/$20-Double-Eagle/liberty-head-gold-coins">Liberty Head Gold Coins</a> - A $20 face value as the St Gaudens coins. Not as popular as the previously mentioned coin, but some are just as valuable. A nice coin to own.</p>
<p><a title="Indian Head Half Eagle Coins" href="http://www.usgoldcoinauctions.com/$20-Double-Eagle/liberty-head-gold-coins">Indian Head Half Eagle Coins</a> - A nice entry level gold coin as some examples are available for under $300. These feature the pressed in minting of the famous Indian Head with his headdress of beautiful feathers.</p>
<p><a title="American Buffalo Gold Coins" href="http://www.usgoldcoinauctions.com/Gold/buffalo-gold-coins">American Buffalo Gold Coins</a> - A popular gold bullion coin made to look like the pre Jefferson nickles. Has a $50 face value and features 1 ounce of fine .9999 gold. it is the first true bullion coin minted in the United States.</p>
<p>Above are just an example of some of the more popular gold coins available in the United States today. All of these have held or will hold their value in gold and their numismatic or collectible value for many years to come.</p>
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		<title>Joe Biden&#8217;s Insane Economic Advice</title>
		<link>http://www.usgoldcoinauctions.com/gold-coin-blog/2009/07/joe-bidens-insane-economic-advice/</link>
		<comments>http://www.usgoldcoinauctions.com/gold-coin-blog/2009/07/joe-bidens-insane-economic-advice/#comments</comments>
		<pubDate>Fri, 17 Jul 2009 14:07:40 +0000</pubDate>
		<dc:creator>Alan</dc:creator>
		
		<category><![CDATA[Economic News]]></category>

		<category><![CDATA[economy]]></category>

		<category><![CDATA[politics]]></category>

		<guid isPermaLink="false">http://www.usgoldcoinauctions.com/gold-coin-blog/?p=131</guid>
		<description><![CDATA[I wonder if the rest of us should follow the same thinking as Joe Biden when it comes to our personal finances. At a recent town hall style meeting with members of AARP the Vice President to attendees that our nation would go bankrupt if we didn&#8217;t pass a health care bill and that the [...]]]></description>
			<content:encoded><![CDATA[<p>I wonder if the rest of us should follow the same thinking as Joe Biden when it comes to our personal finances. At a recent <a href="http://www.cnsnews.com/public/content/article.aspx?RsrcID=51162" target="_blank">town hall style meeting</a> with members of AARP the Vice President to attendees that our nation would go bankrupt if we didn&#8217;t pass a health care bill and that the only way we can keep ourselves from the bankruptcy stage is to spend more money.</p>
<p>Okay, let&#8217;s think about that for a minute. Suppose you are having trouble paying your bills because, just like the US Government, you have been completely irresponsible with your money. In other words, you&#8217;ve been spending more money than you make and let&#8217;s way it finally reaches the point that if you don&#8217;t do something you will go bankrupt. The question is what do you do, find a way to spend less money, a lot less, or instead, spend more money, a lot more money? What seems to be the smart choice?</p>
<p>If you said spend less money, then you made the right choice and are apparently smarter that the Vice President of the United States who made this statement at the previously mentioned AARP meeting,</p>
<blockquote><p>&#8220;What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?’” Biden said. “The answer is yes, that&#8217;s what I’m telling you.”</p></blockquote>
<p>I&#8217;m speechless! What if we all took that advice when faced with economic hard times? What kind of idiots does this current administration think they&#8217;re trying to lead in this country? Unfortunately a few people will probably buy into that kind of thinking and believe the only thing that can save us and avert economic collapse is for the government to take more of your money. If you believe that, at least ask yourself how that is supposed to become a reality when we&#8217;ve been spending money in all facets of our government for decades and the problem just keeps getting worse.</p>
<p>If you&#8217;ve dug yourself into a hole so deep you can&#8217;t get out of, the answer is not to keep digging the hole deeper. Brace for impact and buy some gold before it&#8217;s too late.</p>
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		<title>Is Gold Finally Headed For A Bubble?</title>
		<link>http://www.usgoldcoinauctions.com/gold-coin-blog/2009/07/is-gold-finally-headed-for-a-bubble/</link>
		<comments>http://www.usgoldcoinauctions.com/gold-coin-blog/2009/07/is-gold-finally-headed-for-a-bubble/#comments</comments>
		<pubDate>Fri, 10 Jul 2009 15:00:42 +0000</pubDate>
		<dc:creator>Alan</dc:creator>
		
		<category><![CDATA[Economic News]]></category>

		<category><![CDATA[Gold Coins]]></category>

		<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://www.usgoldcoinauctions.com/gold-coin-blog/?p=125</guid>
		<description><![CDATA[With the United States and the world economy as well heading for a possible collapse or at the very least some serious trouble, many are wondering if gold will soon be experiencing a bubble and moving to an ever increasing price.
The main cause of this would be complete irresponsibility in the governments of the world, [...]]]></description>
			<content:encoded><![CDATA[<p>With the United States and the world economy as well heading for a possible collapse or at the very least some serious trouble, many are wondering if gold will soon be experiencing a bubble and moving to an ever increasing price.</p>
<p>The main cause of this would be complete irresponsibility in the governments of the world, especially from the United States Government. With 2 economic stimulus packages under its belt <strong>that can never work</strong> and talk of another on the horizon, hardly any of our elected officials in Washington DC see the utter folly of trying to get out of debt by creating even more debt. Anyone with even an ounce of sense understands that you can&#8217;t pay off your bills by creating even more bills. This current financial thinking is spelling a fast track disaster for our nation.</p>
<p>Much of the smart investing public is seeing around this insanity and are buying gold coins, bullion, silver and other precious metals. Gold coin dealers and auction sites such as eBay are experiencing an upsurge in sales of these commodities. Gold has not always been the best investment because it has lost as much as 40% of its value in the 1980&#8217;s, but economic times are looking seriously different now and into the future of the world economy.</p>
<p>To finance the senseless stimulus packages, the Federal Reserve and other central banks of the world are creating liquidity by simply printing more money. Unfortunately they don&#8217;t seem to understand that every dollar they create out of nothing devalues every other dollar already in circulation. As all other dollars lose value this is essentially what causes inflation and results in higher prices. As prices go up gold becomes more valuable and the wealth you have invested in it is preserved.</p>
<p>As the gold bubble is created it is obviously smart to buy now and sell when the price reaches the top. That&#8217;s not always easy to do, but when people are employed, central banks stop printing money and the economy starts to really recover, not when President Obama just hopes and says it will, that will be a good sign the gold bubble is going to burst and it&#8217;s time to move back to cash. But, all indications are that isn&#8217;t going to happen for several years, at least not until the current financial wizards in Washington stop their orgy of irresponsible spending.</p>
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