As the value of the dollar values, the temptations of the gold bugs grow. Or as the old hit from Goldfinger went-- he loves only gold. Harlem folks have noticed that the gold coins that they bought years ago as a hedge against inflation have mushroomed in value. In less than ten years, gold prices have gone from $300 an ounce to over $1000 an ounce, and the sky is the limit. To learn more information about the history and facts about gold, take a look at a gold dictionary. Topics include the element gold, and the gold rush in various places.
My linked friends are in the business of selling gold coins. The coins are beautiful and fun, and only cost a slight premium over the price of gold per ounce in a bar. Naturally, it's frightening if the dollar could lose so much value, but gold is definitely the ultimate hedge against financial collapse. Even if there was a new monetary system, gold, as a gold reserve would still be an important component of a new global financial order. So let's hope there is more jobs, stability, and production and less speculation and inflation. In the meantime, hold on to your hat and continue to buy and invest in gold and gold coins, Harlem and Bronx NY.
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