October 2, 2009
Posted by Adam King on October 02, 2009
October 2, 2009 – Investors who took advantage of President Barack Obama’s stimulus plan are now liquidating the stocks that they believe have peaked, and investing in certified gold. The Dow Jones industrial Average(DJIA), the Nasdaq, and the S&P 500 index have presented valid cases for a bull market over the last two quarters, and government officials say that rising stock indexes signal a return to normalcy for our economy. Manufacturing and automotive-based securities performed exceptionally well this summer, and economists believe that the recent surge in stocks could be attributed to the Obama administration’s "Cash-For-Clunkers" vehicle replacement program. A large portion of the White House’s $11 trillion stimulus package was poured into securities markets, but that narrow stream of overprinted government funding is drying up, and US stock markets could go flat.
Many investors sat on with their stocks until the government-funded securities rose, and many believe that now could be the right time to cash out in favor of a more profitable long-term investment. Loan-backed securities that are provided by the government are dependent on home, auto, and student loans to survive, and our treacherous financial world may not allow borrowers to remain in good standing with those types of loans. Privately held assets, like certified gold and silver coins, could parallel or surpass the long-term growth that investors saw in precious metals during past cycles. The exclusive advantage of certified gold coins, however, is that they are non-confiscatable if our government again decides to recall all gold bullion products.
Investors can learn more about the 1933 gold bullion confiscation at www.Gold-Bullion.org, where President Theodore Roosevelt’s Executive Order 6102 clearly outlined the parameters of his historic decree. The active gold spot price on the New York Mercantile Exchange is $1004.80. Gold is up $5.10 today, and $25.20 in the last 30 days.
Stewart Lawson
Senior Staff Writer – Certified Gold Exchange
Categories:
US Gold Market