Americans, for the most part, have yet to discover that gold and silver are much more than pretty shiny metals.

October 21, 2011 – Americans, for the most part, have yet to discover that gold and silver are much more than pretty shiny metals. They can’t seem to grasp the concept of real money. To them precious metals are a luxury they can ill afford so they go about living in quiet desperation, helplessly watching their wealth disappear.

The New York Times calls this state of resignation a “confidence problem: a nation long defined by irrational exuberance has turned gloomy about tomorrow.” There certainly is sufficient cause for gloom – “incomes have declined, many people cannot find jobs, few trust the government to make things better” – but is it sufficient cause for despair? Bernanke & Co. don’t think it is.

In search of answers a revelation is striking “a growing number of economists” making them reassess the crisis. Brace yourself: “the collapse of housing prices … is also a critical and underappreciated impediment to recovery.” Surprise! “Americans have lost a vast amount of wealth … They lack money, and they lack the confidence that they will have more money tomorrow.”

Incredibly, those who are running our dog and pony economic show are just now figuring that out. That alone should send individuals running full tilt to the security of gold and silver investment.

What goes through the minds of those in ivory towers when they read that 46 million people now rely on food stamps or that 100 million Americans haven’t seen an increase in their purchasing power in 40 years.

The economic decision makers’ disconnect is so complete that they either cannot see that the average American is getting poorer every year or they simply cannot comprehend why it should matter to them. The way things are going they are going to have to learn the hard way.

Last Friday’s Reuter’s report shows that expectations for an improved economy have fallen to the lowest level in over 30 years. Reality appears to be sinking in. Social discord is on the rise. Still, the protests have yet to be respected for what they are: the first emergence of tumultuous undercurrents that have been building for decades.

The real luxuries that we can ill afford today are complacency and self-pity. Taking action under adversity is cathartic. And buying gold and silver, knowing that you have secured your wealth, will brighten any day.

Shannon King

Senior Staff Writer –

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