Fortunately, gold coins trade inversely to the dollar, and many have increased in value over 600% in the past decade, far outperforming most dollar-backed assets.
New York, NY (PRWEB) November 29, 2012
Gold coins have profited from nearly every instance of economic instability, and this year’s long-awaited fiscal cliff is projected to be no different, according to America’s gold coin superstore, Gold Coin. The fiscal cliff that will be reached on midnight of December 31, 2012 will mean the end of Bush tax cuts and the beginning of the terms of the Budget Control Act of 2011. This could cause over $600 billion in tax increases and spending cuts, potentially plummeting the United States into a second recession.
Arthur McGuire, Vice President of Gold Coin says “We project that the upcoming fiscal cliff will be good for gold regardless of the short-term solution that the government passes. Why? Because gold coins are real money, and now investors are opening their eyes to the underlying weakness in the United States Dollar and investments that are tied directly to its strength, such as stocks, bonds and real estate. Fortunately, gold coins trade inversely to the dollar, and many have increased in value over 600% in the past decade, far outperforming most dollar-backed assets.”
Gold Coin is North America's gold coin superstore. They buy and sell all types of gold, silver, and platinum coins with free delivery directly to your door. For more information or a free "Gold Coin Starter Kit", visit http://www.GoldCoin.net or call 1-800-425-5672 today.