Gold: Why Doesn't Your Financial Advisor Ever Recommend It?

Sat, 04 Jul 2009 00:00:00 -0400

When it comes to your investments, diversification hasn't worked. The "Buy and hold" strategy has become "buy and hope." The one asset that could have helped stabilize your portfolio isn't ever recommended by CNBC or your financial adviser. That asset is gold. One cannot rely on CNBC or conventional financial media advice as they are misinformed. Continually CNBC bashes gold as gold is the enemy in their book. They'd rather you put your trust in assets that don't counteract the fall of the U.S. dollar. How has that worked for investors the last 10 years? Not well. It's not your fault you've lost money on your investments but you're not being told the whole truth about investing to begin with and things unfortunately are worse than you may think. We have experienced in 2008 and 2009 a horrendous Global stock market downward spiral and the U.S. stock market hadn't seen this type of decline since the great depression. While nothing goes straight down, and bounces like we're experiencing now will and do occur, those bounces will only be followed by further declines for the time being. **End Summary** Topics: gold]]> investing]]> financial advisor]]> financial adviser]]> U.S. dollar]]>]]> About the Author: ]]> My free white paper, "How Gold Can Secure Your Retirement Years" is a good start. Please do yourself a favor and read it. Note: I do not sell gold as the white paper is for information purposes only. If you like what you read in this article, please visit and sign up for my blog to read more good content in helping you grow and preserve your wealth: The Fed Up! Blog .

What Really Backs the U.S. Dollar?

Thu, 25 Jun 2009 00:00:00 -0400

Since 1971, U.S. citizens have been able to utilize Federal Reserve Notes as the only form of money and for the first time had no currency with any gold or silver backing. This is where you get the saying that U.S. dollars are backed by the "full faith and credit" of the U.S. Government. In other words, Nixon implied take our paper dollars or don't. The U.S. at this time was a world super power having been victorious in WWII and there really wasn't much anyone could do about the decision by the U.S. government to abandon metal backing. What does a dollar or Federal Reserve note represent now that gold and silver no longer back any of the currency printed in the U.S.? A dollar bill used to say "This note is legal tender for all debts, public and private, and is redeemable in lawful money at the United States Treasury or at any Federal Reserve Bank." Look at a dollar bill today. It simply says; "This note is legal tender for all debts, public and private." In other words, you can't redeem it for "lawful money." Guess what folks? **End Summary** Topics: U.S. Dollar]]> Gold]]> Gold Investing]]> Inflation]]> Federal Reserve]]> Economy]]> Treasury]]>]]> About the Author: ]]> My free white paper, "How Gold Investments Can Secure Your Retirement Years" is a good start. Please do yourself a favor and read it. Note: I do not sell gold as the white paper is for information purposes only. If you like what you have read, please visit and sign up for my blog .

Articles by Doug Digger Eberhardt on ArticleSnatch.com

Gold: Why Doesn't Your Financial Advisor Ever Recommend It?

What Really Backs the U.S. Dollar?