Eco Dance

This is a sponsored guest post written by Jason Whitney on behalf of First Fidelity Reserve. Post powered by Sponzai.

America has brought much of its current crisis upon itself through its profligate practice of deficit spending, which appears to have no end in sight. Under current circumstances, this represents the “Achilles heel” point of American economic vulnerability. And according to a recent Obama administration release, the projected Federal deficit for the next decade is $9 trillion. Translated, this means that for each of the next ten years, the U.S. government projects that it will spend almost a trillion dollars that it doesn’t expect to have.
Viewed in the context of other countries’ plan to unseat the dollar as the primary medium of exchange by 2018, the Federal Government expects to have issued an additional estimated nine trillion new dollars into the supply by that time. This trend is clearly deleterious to the long-term prospects of the U.S. dollar. However, since the devaluation of the dollar tends to drive gold prices higher, gold observers can reasonably expect gold prices to trend generally higher over the next ten years. For those investors astute enough to add gold as a significant part of their portfolio, the tough times ahead will likely be significantly less challenging.

Jason Whitney is the President & CEO of First Fidelity Reserve, a leading authority in the precious metals and rare coin market.
For more information, see First Fidelity Reserve’s web site at http://www.firstfidelityreserve.com, or call them at 1-800-336-1630.