Senior Citizens Hurt By Inflation Turn to Gold Coins

Many seniors have been feeling the pressure on their income due to the bailouts and quantitative easing programs. In this inflation dominated time period many seniors find themselves turning to gold coins to protect their assets.

June 10, 2011
GoldCoin.net
EIN News

With many US food companies increasing prices while decreasing portions in their packaging, many senior citizens are protecting their spending power with physical gold coins to offset what could become 1970s-style inflation.

BEVERLY HILLS, CA, June 10, 2011 /24-7PressRelease/ -- Between several trillions in government bailouts and quantitative easing programs over the last two years, many seniors are feeling the pinch in the pocketbook. Excessive overprinting of United States Dollars and higher food prices have created the start of what could become an inflation-dominated decade. With significant increases in the prices of goods and services along with weakening dollar-backed assets, gold companies are reporting higher sales from senior citizens feeling this pinch the hardest as their pensions lose spending power and savings diminish in value by the day. Fortunately, gold coins have increased 25% in the last 365 days, proving their supreme power as inflationary protection.

The latest research from the World Gold Council shows that gold has maintained its value better than other commodities, especially in the long-term perspective. For example, the relative prices of gold and oil have remained almost constant throughout the last 50 years. Although both of their dollar values have increased significantly, if you were buying a barrel of oil with gold you would pay in nearly the same weight of gold as you would have in the 1950s.

Inflation is making it harder to survive, and food companies in particular are increasing prices and adding less content to their packaging, with some of the most popular examples being the 12% less juice in Tropicana orange juice boxes and 8% smaller Hebrew National hot dogs. Gold has proven time and time again to be a very effective hedge against inflation, especially when it comes to everyday essentials like food and gas that continue bloating as inflation spikes.

Many senior citizens remember the inflationary cycle of the 1970s, when the United States Dollar lost 60% of its spending power while the gold spot price increased more than 800%. Inflation seems to negatively affect traditional investing markets except gold because investors tend to flock to the precious metal as a store of wealth that will always hold true value. In the past decade as stocks, bonds and real estate suffered major contractions due to a crumbling economy, the gold spot price increased more than 700%. This being said, it's no surprise that gold coins are in demand now more than ever before as wise investors seek an asset that not only protects their current wealth from inflation, but also has the potential to increase in value as dollar-backed assets flounder and demand for gold skyrockets.

Investors looking to protect their hard-earned wealth and spending power are turning to gold coins because they are unique safe-haven investments that are typically not affected by an unstable economy, plus they commonly outperform other investments in the face of financial adversity. For nearly 20 years, GoldCoin.net has helped protect seniors' nest eggs by educating them about the importance of gold coin diversifications.

Interested investors can learn more about investing in gold coins by requesting a complimentary copy of the "2011 Gold Insiders Guide", by visiting http://www.GoldCoin.net or by calling 1-800-300-0715.

GoldCoin.net is North America's gold coin superstore. All transactions are backed by their pricing guarantee and include free delivery to your door. They are staffed by highly qualified, industry leading professionals who conduct expert analysis and research on behalf of their clients. GoldCoin.net also provides institutional and household investors with real-time quotes and instant liquidity when buying and selling gold coins. For more information, call 1-800-300-0715 or visit www.goldcoin.net today.

Press release service and press release distribution provided by http://www.24-7pressrelease.com

To see original article CLICK HERE

Follow Us

Share Page

Login

Get access to the latest trading information, tools to help your investing, and much more!

Login   Sign Up

Search

Weekly Charts

Current Spot Prices

Gold$1306.97
Silver$20.74
Platinum$1477.50

Special Offers

 
 
© 2012 Swiss America Trading Corp. All Rights Reserved.   |   Privacy Policy   |   Site Map   |   Contact Us   |   Mobile Version
SWISS AMERICA and Logo are trademarks of Swiss America Trading Corp.
Where did you hear about us?
Roger HedgecockRay Lucia
Pat BooneMichael Savage
Bill CunninghamOther
×