Certified Metals
Friday, May 29th, 2009A great many experienced investors agree that certified metals investments are ultimately the safest possible precious metals investment because they are non-confiscatable by the U.S. government. There is historic precedence for this type of investment philosophy, as our government has already implemented a gold bullion confiscation from U.S. citizens in 1933. President Theodore Roosevelt issued an executive order, forbidding the ownership of gold bullion by U.S. citizens. Everyone was ordered to hand over his or her gold to back up our nation’s currency, and help cure the country’s banking emergency. Anyone found to be hoarding gold was subject to a ten-year prison sentence, and a $10 thousand fine. Exempt from this confiscation was rare coin. Certified metals investments in coins are rare, and as such, are irretrievable through U.S. government confiscation, as deemed in the Executive Order of 1933.
Today, U.S. currency values are plummeting, as the once almighty dollar has reached a five month low, with a .96 decrease on the Dollar Index to 79.50. Conversely, the spot price of gold reached $978.30 late this morning, with projections for the yellow metal to break its’ all-time high of $1033 by mid-to-late summer. Gold has a historic, inverse correlation with dollar values, which means that when dollar values continue to struggle, gold historically tends to appreciate. We are in for an indeterminate inflationary period, which means more woes for our nation’s dollar. Investors who are interested in certified metals are advised to contact a reputable, large volume precious metal dealer, like Precious-Metal.org, for world-class consultation on certified metals, and competitive prices.
John Burke




