Certified Gold Exchange Comments on NBC’s New England Bankruptcy Article
Wilmington, DE (PRWEB) July 30, 2013 -- With the city of Detroit currently going through bankruptcy proceedings, many Detroitians are currently wondering what could be in store for them if the bankruptcy claim holds up in court. A recent NBC article examined the changes that took place in Central Falls, Rhode Island, after that city went bankrupt, and the horror stories that the article contains could become commonplace among Americans as more cities go “belly up” in the wake of the U.S. financial dilemma, according to Certified Gold Exchange spokesperson Janet Jones.
“This article is proof that our government will abandon anyone who has played by the rules at the drop of a hat,” said Jones. “Over 20 cities and municipalities have declared bankruptcy recently, and we expect that number to grow exponentially once the Federal Reserve stops handing out free money to everyone. People are finding out the hard way that savings accounts, pensions, union deals…mean nothing once our government decides it needs to get out of a tight spot.”
The article detailed how retirees have been forced to sell their homes, take part-time jobs and even borrow money just to survive and pay medical bills. Some residents of Central Falls have up to $8,000 per month in medical expenses, including one cancer patient mentioned in the article. The adviser hired by Central Falls to make necessary cuts said regarding pensions and medical benefits for the city’s retired workers, “we don’t necessarily need to make those payments...the choice is always going to be in favor of current services opposed to past obligations.”
Jones recommends that households who can afford to consider physical gold and silver investments as alternatives to, or in tandem with, traditional retirement accounts and investments. “They can seize your house, invalidate your pension and dissolve your union but with the right kind of gold you can make sure your family is protected.”
Certified Gold Exchange, Inc. is one of North America’s premier precious metals trading platforms, providing service to licensed dealers, institutions, and household investors since 1992. Certified Gold Exchange has maintained an A+ Better Business Bureau rating and is known for its PriceMatchPlus® guarantee. For more information or a free “Gold Investor’s Guide,” visit http://www.certifiedgoldexchange.com or call 1-800-300-0715 today.
James R., CertifiedGoldExchange.com, http://www.certifiedgoldexchange.com/, 1-800-300-0715, [email protected]
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