New York, NY (PRWEB) August 02, 2011
On August 15th 1971, President Nixon took the United States off the gold standard. Many financial realists including Ron Paul believe that this is the underlining cause of our current financial downturn. Now one US gold dealer has made an effort to reverse the problem. GoldPrice.net has contacted the White House and offered President Obama $100,000.00 in gold bullion to be placed on reserve to backup the US Dollar. According to several top market analysts and economists, if the United States Government re-enacted the gold standard it could mean the end of this economic “dark age” and the beginning of a new golden era for our children.
According to the latest US debt reports, the United States currently owes over $14 trillion in base debt and nearly $65 trillion in overall national debt that includes unfunded liabilities from Medicare and Social Security. In order to combat this debt, President Obama and the United States Congress have fiercely debated raising taxes and cutting funding in typical partisan fashion. Some of the most heated discussions involve raising the debt ceiling, cutting Social Security and Medicare funding, overprinting more US Dollars and, although less common but more effective, re-enacting the gold standard. Many politicians including Ron Paul believe that re-enacting the gold standard could benefit the US economy because the dollar could regain its former strength with gold as a backbone. Gold is now being re-monetized as more global governments are looking at the precious metal as international currency instead of just a commodity. Is it time to re-enact the gold standard?
John Halloran, of GoldPrice.net says “The United States economy is a ticking time-bomb that could explode at any moment. If we don’t re-enact a gold standard soon, the Federal Reserve will continue overprinting billions of dollars which will only deteriorate our spending power and hard-earned wealth.” When asked about the debt ceiling debate, he replied with “Whether or not the US raises the debt ceiling, we’re still in serious trouble. The United States has far worse problems than a debt ceiling debate. One of the most effective solutions to these vast problems is a gold standard because it could mean the end of excessive government overprinting and the beginning of a stronger United States Dollar.”
GoldPrice.net helps investors with free delivery of gold, silver and platinum to their front door. They offer volume discounts on all precious metals as well as a free “2011 Gold Investor’s Kit” by visiting their website at http://www.GoldPrice.net or by calling 1-800-776-7253.