Any way you slice it the spot light is and will remain on the Federal Reserve Bank, and its attempt at a soft landing from its current “easing” program. If they shut off the stimulus altogether, Wall Street would crumble under the weight of insolvent companies that are highly dependent on Uncle Sam`s cash handouts, and who wouldn’t be able to meet their financial obligations without it. The housing recovery would get crushed by the higher interest rates (Yield on 10 yr. note up .65% since middle of June) and unemployment would hit 20% minimum, (real number much higher!).
The Fed knows it needs to pull back on its Quantitative Easing program, and is finally starting to realize it is bad money chasing bad money. But the damage is done and they know if they cut it off too quickly it will shatter our economy. The Federal Reserve Bank and the federal government of the United States have done a terrible job managing our economy, and has put our country in a hole that will takes generations to overcome. No matter how rosy the picture you paint regarding our economy, it will be forever over shadowed by the amount of debt we the people at the end of the day are on the hook for.
“A nation of sheep will beget a government of wolves!”
Edward R. Murrow
SHORT TERM PLAY? NO WAY!
There are plenty of people out there who consider precious metals a good investment, and a way to make considerable wealth if inflation gets out of hand. I am really surprised so many agree with this malarkey, no wonder so many are feeling depressed after the 30% fall in price. How it is then, that anyone could be so optimistic about precious metals after that kind of sell off? The pundits are right for a change, gold and silver bullion is a bad investment! And by saying so they completely expose their ignorance and lack of comprehension. Gold and silver bullion is not an INVESTMENT then, it is an INSURANCE POLICY!
When you buy gold and silver bullion coins and bars you are protecting your assets from inflation and privatizing a portion of your wealth. We consider gold and silver bullion coins and bars to be a store of wealth and the perfect way to protect your retirement dollars. We suggest if you are just getting started to accumulate precious metals as a core holding. And when the US dollar eventually does default, the relief you will feel because of your metals position, PRICELESS!
President & Founder
Midwest Bullion Exchange, Inc.
Disclaimer: Midwest Bullion Exchange, Inc. is a precious metals broker/dealer and is not a licensed investment adviser. Although we strongly advocate programs that allow you to hold precious metals in your retirement, we cannot predict the future performance of precious metals or programs that allow precious metals. Furthermore, we recommend that you consult with a professional tax adviser when making decisions that carry tax liabilities. Midwest Bullion Exchange, Inc. reserves the right to decline services to individuals after it has been determined the products and services offered by Midwest Bullion Exchange, Inc. are not suitable for the individual. The author has made every effort to ensure accuracy of information provided; however, neither Midwest Bullion Exchange, Inc., nor the author can guarantee complete accuracy. This article is for informational purposes only. Midwest Bullion Exchange, Inc. and the author of this article do not accept any fault for losses and/or damages arising from the use of this publication.