In the Midst of Recession, U.S. Mint Releases $1,000 Coin

Gold is money, has been money for 65 centuries in fact. So look at the purchase of this coin as not spending money or wasting money, but merely an exchange for real money. Gold has never been worth "zero" in all of monetary history. That is more than the famous Lehman Brothers, Bear Stearns, WaMu, and other investment firms that are now worth "0".

I purchased this coin for many reasons. Gold was probably third or fourth on the list. Number one is the shear beauty of it. This was and is the most beautiful coin struck by the US mint back in 1907 and now again. It is art. It could have been a silver coin, it mattered not. The history surrounding this coin would be number two. It represents a bygone era of our nations history, where real money circulated and the dollar was stronger than ever as it was tied to gold. The time when saving something Americans did without losing their savings to inflation, and a constantly falling dollar. This coin is a piece of history. The third reason would be that it is gold. Gold is perhaps the safest place to store ones wealth. Gold has outperformed every other asset class in the business world for 10 years running. Gold is up 300% since 2003, up 5% in 2008 where most indexes lost 40%. Gold is projected to hit over $2000/oz. by those who study and know the subject. With the greatest expansion of the money supply in history taking place right now, the death of the British Pound Sterling and US dollar is a reality. With the fall of these currencies, and them being placed on the trash heap of history, gold will remain.

Josh of MT @ Jan 22, 2009 17:39:55 PM