Investing in Gold Coins

Since January 2009 – Obama is printing Dollars 24/7/365, the United State’s National Debt TRIPLED to OVER 12.2 Trillion – YES – 12.2 Trillion (yes – with a “T” – http://www.usdebtclock.org/) and the world stopped buying USA Treasury Bills.

Begging the Chinese and Bowing to the Saudis by the New Administration in the White House – didn’t help – they are not buyers of USA debt !!!

The Chinese, the Saudis and the rest of the rich nations in the world, know – what we hear from the Experts.

The debt and “Stimulus”/”Bailout” packages, by the USA Government will create Hyper Inflation and devalue the US Dollar.

The US Treasury is issuing T-Bills and the only “buyer” is the US Federal Reserve, with Newly Crisp Printed US dollars. It is called many names, such as “Quantitative easing of credit” or “TARP” or “Monetizing Debt” but in simple folk language its robbing Peter to pay Paul – the biggest Pyramid scam yet.

On top of that, the social agenda of the ruling majority in the White House, Senate and the House, combined with the Socialist Agenda, that the Government should control Big Business that is too “big” to fail and another 2 Trillion – with a “T” in borrowing for a euforic Obama Health Plan – and  there we have it – all of our Retirement assets are in peril – and ther is NO Insurance available to protect our hard earned assets.

What do YOU think, this will do to the Gold Price?

Physical Gold and other commodities are the only sure way to protect whatever is left from our post Stock Market Salvage and the coming economic Tsunami.

Some predict the price of Gold to rise to US$1,200 or $2,000 or even $5,000 per oz.

I don’t know and I am not an Expert – just a businessman preparing for the worst and hoping for the best – taking care of my family and loved ones.

There are very few secure and consistent investments today.

Banks pay (if they don’t go broke first) less then 1% per year (after taxes and inflation you are better off to go and play the ponies),

US Treasuries and other “Industrialized countries” Treasuries, pay even less then that and

GM, Chrysler, AIG and Citibank, once the pillars of USA have more troubles then a divorced couple.

I wish, I would invested more of my money in Gold coins, instead of “handing” it over to the ”Expert-Magicians” on Wall Street and the Canadian Bay Street.

Well, whats done is done.

It wasn’t “sexy” to invest in Gold coins, but it turns out that it was stupid to subscribe to Warren Buffet’s “Buy & Hold” strategy - that cost me and my family a lot of retirement money. The false impression that stocks will come back, is the opportunity to buy more gold before gold rockets higher. Just a strategy.

The NIA – a think tank – published this statement on August-26-2009:

“Today, the corporate-controlled mainstream media is working with our elected officials and the Federal Reserve to set the American people up as sheep to be slaughtered. They are encouraging Americans to go out and spend on things they don’t need, when what little savings they have left will soon be worthless. Americans need to be encouraged to buy gold and silver with their savings and prepare for the real economic crisis that is ahead.”

In the past 85 years the US Dollar lost 95% of its purchasing power. Gold will never go to zero and collectors of gold coin, such as the one offered, command a premium over the bullion price, since they are rare and old and collectable. Just follow the link, verify the numbers and consider how strong is your future investing in stocks and other “financial” instruments.

and published this statement on December-28-2009:

“By the time inflation becomes the top story on the news each night, Americans will have already lost a great amount of their purchasing power. The mainstream media only reports on our current problems and is not smart enough to see the crises to come next. For every economic problem politicians try to solve by intervening in the free market, they create multiple new problems of even greater magnitude. Americans can only survive by staying ahead of the curve and anticipating the next threat to our economy, and the biggest threat in 2010 is inflation.”

http://www.usdebtclock.org/

I wish I would not need to sell some of my coins. However, circumstances changed and I am offering a great value of a very desired coin, to the Knowledgable, Seasoned Collector and Investor.

Country: United States of America – USA

Date: 1922  – (this coin is 88 years old…) – Philadelphia Mint

MintMark: Philadelphia - No Mintmark on coin = Philadelphia

Add one of these great American rarities to your collection today! Denomination: 20 Dollars - Double Eagle - Saint-Gaudens – Certified NGC – MS-64 -Gold Coin

Reported Mintage: 1,375,500 only  – From their initial mintage, most of the Double Eagles of the 1920′s were returned to the Mint and melted by President FDR order from April-05-1933. Some however, were unofficially saved by Treasury employees. Estimates of the quantities saved, range from a few dozens to several hundred thousands, depending on the date. This explains the high values for coins, that judged only by their initial mintage, should otherwise be more common.

Weight: 33.436 grams – 0.900 GOLD – (Net Pure Gold Weight 0.96750 oz.) 

Diameter: 34 mm – reeded edge

Grading: NGC – MS-64 – what a beautiful eye appeal and Mint State 64 with colour and lustre with satiny textured surfaces – just superb – MS-64.

Please look at the attached scan for confirmations and observations.