We owe the success of certified gold investments to the fiscal crisis, so it pays to understand it.
Posted by Adam King on February 05, 2011
Certified gold coin investment: keeping it simple.
February 05, 2011 – We owe the success of certified gold investments to the fiscal crisis, so it pays to understand it. Nearly two years after legislation created the Federal Crisis Inquiry Commission (FCIC), its ten members and supporting staff of 87 have issued their final report. In that 650-page morass are the majority opinion (6 of the 10 members), a dissenting opinion by 3 members and a second dissenting opinion.
The FCIC may have just blown party line smoke, but the commission itself exemplifies the root of the problem: the government overcomplicates everything to the point that nothing gets done.
So here’s my two cents on the crisis:
1) Wall Street insiders bastardized the market, rigging the game for personal gain.
2) The government got in bed with Wall Street, not only turning a blind eye but facilitating the money grab through the Fed.
3) A gullible public became addicted to credit and failed to do due diligence with its investments.
For recommendations, I’d start with these two precepts from a posting by Thomas Stevens in The Entrepreneurial Element blog:
“A market system in which billions of dollars can be generated from failure is fundamentally flawed. The stock market should be a means for individuals to share in the fortunes and misfortunes of corporations based on their contribution to the economy, not a casino where billions are siphoned off from the economy by placing side bets.
A government that owes its existence to big money and is controlled by lobbyists is likewise flawed. A representative Government by definition should be driven only by the collective will of its citizens.”
You can’t fix things that are fundamentally flawed, you have to start over. And you have to keep things simple. That is the beauty of investing in certified gold coins – you buy them, you hold them, and neither Wall Street nor the government can play tricks with them.
Stewart Lawson
Senior Staff Writer – Certified Gold Exchange
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US Gold Market
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