Archive for July, 2005
National Defense
The financial crisis facing the world today continues to grow. More companies are going bankrupt, banks are failing, real estate values are dropping, and the government has to take over failing financial institutions. All of these events are beginning to concern the US government. The country’s ability to maintain national defense is being examined.
One natural resource that has maintained its value for thousands of years is gold. As the number of financial institutions that fail rises, people are investing in gold. Gold is a long-term investment that has proven reliable for a great number of years. The US Government is considering plans to begin stockpiling gold reserves to help stabilize the value of the dollar.
Secretary of the Treasury is concerned that the current economic crisis will rival the problems that the Great Depression caused. Congress has been warned that the crisis will not go away quickly without government intervention. Economists are warning this could be the worst financial crisis the world has ever known.
Consumers continue to lose faith in the financial markets and many are exploring other options such as putting their savings into gold assets. Investors are pulling their money in droves and looking for investments that have little or no risk. Treasuries and gold are two assets that have not been affected by the selling panic. Gold bullion and coins have increased in value for the last two years.
Defensive Assets are important to the country’s ability to maintain its defense. The US has increased the amount of precious metals that are being maintained for the Defensive Asset. Although it includes metals such as silver, platinum, and palladium, gold has outperformed the rest. The other metals prices are more tied to industrial productions.
The US Government is buying gold and this too will increase the value if gold. Gold investing is certainly a great idea for investing in these troubling economic times. The US plans to keep increasing the Defensive Assets to ensure the country can protect its shores.
About the Author:
David Brown
Site Representative
Atlant Gold
Make your money by sell gold
Article Source: ArticlesBase.com – Gold and its role in the US’s National Defense
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