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September 23, 2009

September 23, 2009 – More Americans are choosing to put the quality of their retirement in their own hands, and many retired and nearly-retired individuals accomplish this by buying gold and silver. Gold and silver are projected to rise in value over the next 10-15 years, and withinthe same time frame Social Security could collapse, according to a recent article found at the Wall Street Journal online at www.wsj.com.

The Andrea Coombs article brings to light the real crisis facing the tens of millions millions of Americans who are retired or close to retiring. Retirement accounts lost over $2.1 trillion in 2008, and that figure does not take into account the Dollar’s gross inflation that bled the spending power from cash accounts. Teresa Ghilarducci, professor of economics at The New School for Social Research in New York, says that "a failed experiment" is the proper term for the entire US retirement-savings system. The coming years will no doubt be tough for many Americans who are without, or who are losing retirement accounts. Economists believe that precious metals could continue their long-term growth trends, so many investors are shifting funds from other areas into gold, which historically combats inflation, and lends extra security through a privately held liquid asset.

Free information on all precious metals is available to financial institutions and household investors at www.precious-metal.org. At 2pm EST the active gold and silver spot prices are $1012.50 and $16.89, respectively. Four key financial institutions decided to buy gold and silver in large volume today. This moved the gold price to $1019 before a mild bout of profit-taking shifted gold to current levels.

Shannon King

Senior Staff Writer – GoldSilver.org

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