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It is no secret that Social Security and Medicare are in deep trouble, and that gives more reason than ever to protect your retirement with gold and silver investments.

January 10, 2011 – It is no secret that Social Security and Medicare are in deep trouble, and that gives more reason than ever to protect your retirement with gold and silver investments.

Just a few generations ago most people could retire on modest savings and a paid off mortgage, receiving income form cash investments, pension plans, and Social Security. Thanks to the Fed’s ridiculous zero interest policy and the Wall Street money grab baby boomers are approaching retirement with negative equity in their homes, devastated retirement portfolios, and negative yield cash investments. In short, they will be more dependent on Social Security than ever before. And the purchasing power of benefits is rapidly declining thanks to cost of living adjustments based on the highly rigged CPI.

Meanwhile, as medical costs continue to far outpace the CPI, people are living longer, necessitating ever more expensive treatment. As a result, Medicare has dug itself into a $34 trillion hole, according to Fortune Magazine’s Geoff Colvin. Clearly that cannot go on for much longer, but Washington goes right along with its head buried in the sand, hoping nobody will notice.

One of the more insidious causes of the government debt crisis – on both the state and national levels – are the bloated government employee benefit packages. Why should Congressmen be all that concerned about Medicare and Social Security when they have legislated lavish pensions and lifetime medical coverage for themselves?

We can all take a lesson from the politicians, however: take care of you and yours and don’t depend on Medicare and Social Security for your retirement. Unless you can hop on the government bandwagon, gold and silver investments offer the best way to a retirement protected against inflation and reckless fiscal policies.

Shannon King

Senior Staff Writer – GoldSilver.org

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