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More Americans every day are becoming aware that the recovery has been nothing but smoke and mirrors, but gold and silver coins puts protection from further decline well within their reach.

March 30, 2011 – More Americans every day are becoming aware that the recovery has been nothing but smoke and mirrors, but gold and silver coins puts protection from further decline well within their reach.

Recent Rasmussen surveys reveal that nearly one in five Americans expect to see another depression in the next few years while nearly half believe it to be possible. Almost half also now believe the economy will be going downhill this year. And nearly three quarters think we’re heading down the wrong track.

Small business, which was supposed to drive the recovery, is no more optimistic. Of the 77% of businesses hurt by the recession only 22% report any sustained recovery. And more than half of all small business owners believe the economy is getting worse.

There is good reason to be pessimistic. Nearly half of the paltry 3% growth in our economy over the past 18 months has been due to exports – the highest contribution ever, says the Wall Street Journal. Such a heavy dependence of foreign economies is dangerous under any circumstances, and is especially so today.

The growth in exports is a direct result of the Fed’s easy money policies that weakened the dollar and sent global food and energy prices to historic levels. The short-term windfall for agriculture and manufacturing came at the expense of greatly elevated risk, and soaring input costs threaten to create losses that far outpace the gains.

The straw that could break that camel’s back is a slowdown in global economic growth brought on by the growing number of shocks. The Wall Street Journal says that J.P. Morgan has lowered its forecast of global growth from 4% to 3.4% – a considerable drop that is bound to be reflected in significantly decreased imports across the board.

Without doubt we are teetering on the brink, and that begs for investment in gold and silver.

Shannon King

Senior Staff Writer – GoldSilver.org

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