Gold Wins Dollars Lose

As most experts have been warning now for months, the U.S. dollar continues to lose value against Gold and more than likely this trend will continue. The main reason why Gold has soared in value while the U.S. dollar has declined is very simple. Government officials in Washington D.C. continue to borrow money from abroad to finance their excessive spending and all of those extra dollars are making the "green back" less valuable by the day. In recent months, the U.S. government has gone from a debtor nation to one that is almost bankrupt as Congress and President Obama try to socialist the U.S. health care system with borrowed money from the Middle East and China.

In recent days, the price of Gold has approached $1100 per ounce and over the long haul the price of Gold could actually be valued at $2000 or more per ounce. I have never in my life seen as many financially brain dead politicians as there are right now in Washington. Long term Members of Congress have been living in and expanding the debt of this great country for so long now - that they have not a clue on how to slow down that excessive spending - which is destroying the financial future of the United States. It's a crying shame that our government cannot live within it's means, considering that almost one trillion dollars is taken in by the federal government each year through taxes. Soon, just the interest on our national debt will cost one trillion dollars and that will mean that all of our tax money will be going to pay the interest on our debt to people in other counties that don't really like us that much in the first place.

For average Americans who have watched our government steal from tomorrow to pay for today for way too long, the best advice anyone could give you is to buy Gold and hold it for a long time. As long as the U.S. federal government continues to borrow billions of dollars from other counties, there is little chance that the dollar will increase in value. Instead, with even more federal government borrowing coming down the road - because of new government programs like health care reform, the "green back" will continue to lose value against Gold. In hindsight, it was a terrible mistake for the U.S. to become unattached to the Gold reserves held by the U.S. government. Ever since the U.S. went off the Gold standard, Washington politicians have gone hog wild in their excessive spending habits.

Watch the price of Gold closely, because it is the best indicator available to know what the underlying financial condition of the United States is in at any given time. The U.S. dollar and the price of Gold nearly always move in opposite directions and that is why high Gold prices are not a good thing for the United States of America. More than likely, it will take other nations around the world stopping their leading to the U.S. federal government to force Washington D.C. to show some kind of fiscal restraint. The American people have been after Congress to change their excessive spending ways for decades now, but no one in public office seems to be listening. If you want to protect your families financial future as the U.S. federal government continues to spend like a drunken sailor - Gold might be the place you should sock away much of your still available capital.