by Michael Carabini
Do you think the U.S. government is planning to infuse (spend) an amount grand enough to cripple taxpayers and make the dollar worthless?
If not‚ think again. The Fed/Treasury has ‘infused’ $2.7 trillion in just a year‚ but more telling is that they have allocated $7.2 TRILLION! [See the CNN chart of all the bailout elements here: Follow Link ]
Based on the present combined Federal and State personal and corporate tax burden‚ it would take a fraction of this amount of spending to cripple taxpayers‚ which leaves the other option… the printing press. It is no secret that this deceptive tool governments use to finance overspending will make the dollar worthless and wealth held in dollars will become “wealthless‚” while wealth held in tangible assets become increasingly more valuable and sought after.
The present allocated amount of $7.2 Trillion is rarely compiled and reported. Obviously‚ it is a figure so grand that it does not take a mathematician to understand its extraordinary magnitude. What’s even more shocking and symptomatic of the coming run in tangibles is that central bank monetary inflation is a global epidemic.
Just imagine even a small portion of the massive dollar-based wealth held in U.S. bonds moving out of that market and into the relatively small coin market. Now imagine what a rational and newly-diversified portion of funds flowing into rare coins from bonds‚ equities‚ mutual funds‚ hedge funds‚ money markets‚ and even suspect bank holdings and global investor money. It boggles the mind what coin prices could do in the next few years to come!
Consider that gold was up last year for the eighth straight year in a row‚ as compared to the absolute devastation seen last year in securities and funds‚ and it is not hard to see that investors should look for tangible alternatives.
In the last 10 years‚ rare coins‚ as measured by the Key Dates & Rarities Index [see chart below] is up an astounding 145%! As investors become aware of how easy it is to take a position in certified coins as a private store of wealth‚ rare coin prices could easily skyrocket.
Many shrewd investors will have the insight‚ courage‚ fortitude and good fortune to take action… before the “diversification wave” and price increases hit.
Remember… frightening news sometimes presents fantastic opportunities for those who choose to be aware!