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Record Deficit of $1.5 Trillion Supports Gold Coin Values

Experts believe that the United States federal deficit will hit $1.5 trillion this year, the highest ever in history.

 
PRLog - Feb. 16, 2011 - Experts believe that the United States federal deficit will hit $1.5 trillion this year, the highest ever in history. This record deficit combined with the Federal Reserve’s policy of extended record low interest rates could cause the value of the dollar to crash and cause high inflation. And smart gold investors know that the weaker the dollar is, the higher the price of gold is.

The record amount of currency being printed and injected in the economy will start to make the dollar worth less and the price of gold coins to increase over time. Over the past ten years, investors have seen the price of gasoline triple in dollar value from less than a dollar to now over $3 per gallon. During that same period of time, the price of gold has gone from $330 dollars an ounce to over $1360. That’s what the Federal Reserve has done by printing too many dollars.

Global Gold Group can help investors avoid the bite of inflation and protect their hard earned money against the decline of the dollar. Gold coins also can be used as long term investments in gold backed IRA transfers and 401k rollover accounts. For a limited time, Global Gold Group is offering a free gold coin to IRA investors. For more information, check out their website at http://www.aglobalcurrency.com.

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Source:Global Gold Group
Country:United States
Industry:Banking, Finance, Government
Tags:gold, economy, recession, inflation, price of gold, gold coins, invest in gold, deficit, national debt, buy gold coins
Shortcut:prlog.org/11307033
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