Right now, the US dollar is still King around the world - but as the US government continues to spend money that it does not have, the value of the dollar will continue to drop until eventually it will be worthless. There was a time in my life when I really believed that after a liberal President and Congress finished their overspending ways, a conservative lead government would ride into Washington D.C. to fix their errors. However, the days when GOP leaders stood for fiscal discipline and lower taxes has faded from view and now the GOP does not appear to be that much better than the Democrats when it comes to out-of-control government spending.
So, what's left for the American people to do with their money in savings? I guess we could all just continue to leave that money in an FDIC insured account earning less than 1% interest or we could put a good chunk of it into RAW Gold as our investment of choice. 30 years ago, I believed rightly that the folks who were pushing Gold as a good investment were little more than "snake oil salesmen. However, today I think that Gold is an excellent investment - if the fees to buy it are not outrageous. Neither major political party in Washington has one bid of self control when it comes to spending borrowed and/or taxpayers money. Gold use to be a hedge against inflation, but today it might be the only currency that is free from the effects of disastrous federal government overspending.
A guide Book of Double Eagle Gold Coins: A Complete History and Price Guide (Official Red Books)
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