Gold Coin Rebuffs Forbes Article Bashing Gold With Slew Of Facts

DALLAS - May 10, 2013 - PRLog -- A recent Forbes.com article lambasting gold’s value as an investment has drawn the attention and ire of one of America’s top gold coin dealers, Gold Coin. The article, written by David John Marotta and published on the Forbes.com “Advisor Network” section on April 25, 2013, claims that investors should have less than three percent of their assets in gold, and Marotta writes that “the optimum asset allocation to gold is 0% no matter what your risk preference.”

“It’s simply criminal,” said Stewart Lawson, broker and vice president of marketing for Gold Coin. “Our government is running completely unchecked right now in terms of quantitative easing, currency printing and interest rate manipulation. Gold provides protection from all of those things, and let’s not forget that as recently as 2001 gold was only $252 per ounce,” he added.

Marotta’s article cites Warren Buffett’s opinion on gold before moving on to recommend that resource stocks are a viable alternative to gold coin investments. “Buffett is known for his capital generation. If you need to make money quickly, gold won’t be right for you. If you are paper-heavy, however, it could be wise to put some of that cash into gold just in case the bottom drops out of the dollar, or the entire economy,” commented Lawson. “The average interest-bearing account pays out less than one percent right now, but gold, even after the mid-April sell-off, has averaged almost seven percent per year since 2001 and it has kept investors safe from stock market manipulation and inflation. If the vulnerability of stock markets to crash due to black box trading, or even Twitter, doesn’t bother you, then gold definitely is not the right investment vehicle for you.”

Gold Coin (GoldCoin.net) has over two decades of experience advising household investors on smart physical gold and silver investments and gold coin IRA and 401k plans. They buy and sell all types of precious metals and offer free home delivery. For more information or a free “Gold Coin Starter Kit,” visit http://www.goldcoin.net or call 1-800-425-5672 today.