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While gold and silver prices have been sliding lately, you can’t argue with the big picture – gold is up more than 23% over the past year and the price of silver is still 90% higher than it was a year ago.

July 05, 2011 – While gold and silver prices have been sliding lately, you can’t argue with the big picture – gold is up more than 23% over the past year and the price of silver is still 90% higher than it was a year ago. Over the same period 41% of investors report that their portfolios lost value and less than half say they made any gains at all according to a recent Rasmussen survey.

They survey also reveals a tight correlation between sentiment about the economy in general (58% say it’s getting worse) and personal financial condition (56% say it’s worse today).

As we celebrate the spirit of America it seems odd that as individual investors we continue to follow the flock rather than assert our personal independence, that we turn a blind eye to the handwriting on the wall in favor of propaganda that is clearly contrary to what is going on all around us.

But another Rasmussen poll hints at a minor revolution emerging among the voters. The under forty crowd no longer believes in one of our most cherished entitlements – Social Security. A full “69% of under-40 voters say it’s not likely they’ll receive all promised benefits , including 43% who say it’s Not at All Likely,” and they are strongly in favor of turning the decision about when to retire over to the individual “Those who want to retire earlier could pay more in Social Security taxes now. Those who would prefer lower taxes today could pay less in taxes and retire later.”

Surprisingly 65% of all Americans – and even a majority of seniors – support the idea. There is a growing distrust of politicians to implement any real change and “64% believe that any proposed changes in either Social Security or Medicare should be submitted to the American people for a vote before they can become law.” It’s a small thing, but a comforting sign that we are at least beginning to think about taking back control of our country.

But I guess I’ll have to wait a while longer for a sign that individual investors are taking back control over their portfolios and are turning to the security of gold and silver investments..

Shannon King

Senior Staff Writer – GoldSilver.org

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