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A Publication of Austin Rare Coins
| Gold Hits All-Time High of $1,235 Why Precious Metals are Taking Off  Gold hit a history-making high of $1,235 an ounce today in volatile trading. The phones have been ringing off the wall at Austin Rare Coins & Bullion. Despite the European Central Banks announcement of a $1 Trillion Dollar commitment to stop the debt contagion triggered by Greece's debt crisis, the wisest of investors moved to Gold anyway.
The truth is that the Federal Reserve committed U.S. taxpayers to bailout European and British Banks for the foolish loans they've made to big-spending, socialist-like democracies in Portugal, Italy, Ireland, and Greece. The PIIGS nations have brought into sharp focus the debt crisis the Austin Report has warned about for the past three years. The U.S. Dollar is Like the Unsinkable Titanic We continue to fear the worst is yet to come in the debt crisis. Many people have been fooled into believing that the U.S. Dollar is like the unsinkable Titanic. The Dollar could take a nosedive at any time. In the past, when there's been a financial crisis, the world has jumped aboard the U.S. Dollar as a safe haven. But, that is a trend about to end in the very near future. To avoid losses, to protect wealth, and to preserve future buying power no place will be safer in coming years than to invest than in precious metals. The time has come again for the truly unsinkable currencies- genuine Gold Coins and Silver Dollars that cannot be printed into existence nor created by a few computer keystrokes. Money that always has and always will have buying power. Here's why paper assets are so risky today. The developed Western nations have accumulated so much debt that it will be impossible for Government's to keep their promises to their people. When they can't give away free medical care, pay Social Security, and send out welfare checks any longer, then the rioting in streets begins as we saw in Greece. Paper money and false promises are at the core of the problem. In the coming years, what will be left when the crisis has completed its due course is a world of paper currencies that are nearly worthless I.O.U.s. Inflation is Coming... With a Vengeance! Clearly, Governments at all levels-- national, state, and local are guilty of spending Americans into the poorhouse. Taxes will be rising for decades. But, that won't be enough. To pay for the bills, the Federal Reserve will continue to print up paper money by the trillions, literally-- just as a new Trillion Dollars was suddenly wished into existence in an attempt to quell the Greek-Euro crisis. We understand. At this moment, the Fed is trying to avoid a total deflationary collapse of the world's economic system. But, this level of money creation can't last much longer. In time, inflation will ultimately become the biggest threat to our survival. Inflation is by definition the excess creation of money. Eventually, the excess new money devalues the buying power of every other paper dollar in existence. The next statement we're about to make may shock many of our first-time visitors: "Every paper currency ever printed has become worthless when given enough time." Time and again countries have attempted to create a paper currency system. One after the other has failed, over time. The temptation is simply too great for Kings, Monarchs, Prime Ministers, Republicans, Washington Liberal Politicians, and Obama to spend money beyond what they are willing to tax their citizens. They make promises they cannot keep so they can stay in power, for now. Meanwhile the debt mounts and the promises just keep on coming-- anything to buy power a little longer. Finally, when a nation like Greece can no longer borrow and spend its way to prosperity, the ponzi becomes unraveled.  Why Gold is Bound to Double in Price AgainInvestors who are buying Gold across the planet today are coming to realize exactly where the bailout money is coming from– American taxpayers and anyone who holds investments in U.S. Dollar denominated assets. Here's what happened over the weekend. The Federal Reserve ordered a few numeric keystrokes into a computer with a longggg string of zeros behind it. Suddenly, from nowhere, $1,000,000,000,000 (One Trillion Dollars) magically appeared. Bernanke and the bunch of Central Bankers stood back and proudly declared, "Well, that should take care of that problem for a while." But, common sense tells us that the first banking bailouts didn't work, the U.S. fiscal stimulus was not enough, and now we are forced to commit Americans to guarantee the debt of the European spendthrifts. The problem is, American is broke, busted, and the economy is hanging on for dear life. The ONLY rapidly growing portion of the United States GDP is the number of paper dollars being created out of thin air and sent into the world to stop the total implosion of the world's banking system. Sadly, the end result will be catastrophic and make the Great Depression look like– "the good old days." Our nation's leaders are hell-bent on destroying the U.S. Dollar as the world's only reserve currency. Along the way, every effort will be made for the U.S. Government to seize the assets of the rich. Savers on the verge of retirement and the half of the American people who still pay taxes will be Obama's #1 targets to seize their wealth. The Gold Bull is Running As a result of the incredibly stupid policies of borrowing and spending by politicians, we are all in trouble. We believe that the fear of coming inflation, or total destruction of the U.S. Dollar, is exactly why the Gold Bull is running so hard and so fast. Today marks a new high of $1,235 for Gold. This is the year we predicted would be the best ever for Gold! If you own no Gold at all, then you may find yourself without any dependable form of savings. If you have set aside 10% to 20% of your cash assets into Gold, you have an insurance policy in place. Gold is About Wealth Preservation Let us be clear: Gold is not a get rich quick scheme. While listening to an interview with John Williams of Shadowstats today, he reminded me of exactly why my family owns Gold. Let's say Gold goes to $100,000 an ounce. At first, you think you've made $98,768 over today's price. But not really! The only reason Gold will double, triple, quadruple, or have a 10 bagger from this level is because the buying power of the Dollar was destroyed by the Washington politicians. Ultimately, the reason to hold Gold during this worldwide fiscal crisis is to preserve wealth. Today, right now, it is perfectly legal to trade paper dollars into Gold Coins or Silver Dollars. Judging by Gold hitting an all-time high today and Silver taking a huge jump, investors are awakening to the fact that their paper dollars are losing value each day. Right now, the Austin Report urges you to set aside a portion of your savings in an asset that has intrinsic value. Neither Gold or Silver have ever become worthless. At the moment, they are rapidly being bid up in price. Consider the alternatives. Cash in the bank is paying next to nothing. Stocks can lose 1,000 points in less time than you can take a shower. Long-term Bonds may pose the very same level of risk in the very near future. Keep in mind, that long-term U.S debt is the last thing you want to own during the coming years of inflation, rising interest rates, and a falling U.S. Dollar. What all of us must own today is an asset that has never, ever been worthless. We need to acquire real, physical Gold Coins that we hold in our possession safe from the prying eyes of the I.R.S. or any Government agency. We need private, non-reportable Gold Coins. We need them safely hidden away. If you don't own any, we urge you to begin acquiring Gold Coins immediately. Seek Out Expert Advice We know that everyone who buys Gold for the first time needs a friend in the business. You need a firm you can trust. You want to buy from someone who understands and can explain private, non-reportable Gold Coins. The Austin Report is a division of Austin Rare Coins & Bullion, a company celebrating its 21st year in business. Our firm is devoted to educating our clients with dependable, up-to-date advice on the safest and best Gold Coins to buy. Our team of Gold Specialists have agreed to be available on call from 9am till 9pm seven days a week during the current crisis and hot Gold market. Our firm is located in Austin, Texas in the central time zone. We highly recommend you call 1-800-928-6468 with all your questions. It's quite common for our Gold Specialists to assemble $10,000 to $1 million dollar portfolios. You'll find our team is professional, courteous, and extremely knowledgeable. We highly recommend you act immediately as Gold is quite likely to take a $100 leap now that it's crossed all past resistance levels
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