Can The US Government Handle
Mass Buying Of Gold Coins?
The United States government can’t handle the worldwide craze that is sweeping the gold coins market around the nation and the world. The U.S. Mint is having difficulty filling the orders that people have placed, as are other countries. Gold is now being allocated due to an increased demand, and markets haven’t even reached their peak year.
Many more people are going to be buying up gold in the coming months and years because of the insane economic policies of President Barack Obama and as they realize that gold is a much safer asset for many reasons than the traditional stock market and other intangible investments. If the government can’t keep up now, it’s likely that they’ll lose ground early on in this gold buyers market.
Many dealers are facing rising prices and more waiting time, when a 10 percent premium has been added to the price of a one ounce bullion coin, and orders that used to be filled instantly are now taking up to two months to be filled from the United States Mint on certain gold eagle coins. People are even being turned away from dealers when they try to purchase large quantities of coins because the dealers just can’t keep their hands on coin and bullion inventory. Those who can buy the gold coins that they want will definitely be paying a bigger premium price for it. American citizens are all flocking to gold, citing it as the only safe investment that they can make in today’s economic meltdown.
It’s no wonder that gold is the new investment of choice. Historically, times of economic instability and financial crisis such as we face today under President Obama always turned people to gold, which is a more stable and secure investment when compared to anything else that is available. People are all afraid of the same few things: inflation, the declining value of currency around the world, and the volatility of the economy and the stock market that makes it a dangerous investment. The best part is that if any of these three incidents occur, the price of gold and its value will increase with little effort. Not only is the investment in gold a more stable one for now, but even in the worst economic situations, it will only get better. What an investment for those who have it.
The government should be able to handle the huge run of gold coin and bullion purchases that is sweeping the nation and the world right now, but it might just be that they don’t want to. Despite the growing demand of gold coins and the ability to avoid filling orders for up to two months, they are doing everything in their power to keep the gold price down, but it doesn’t appear to be helping much. The government should just embrace the fact that people don’t trust stocks and let them buy as much gold as they want, but who knows if they will be able to keep a handle on the situation or not.