Gold and Silver Coin Investments

~ Welcome to Flying Eagle Gold & Silver ~

As the continuing upheaval in the American financial markets have shown, the paper economies of the world are proving to be incredibly fragile - and the dollar is proving not to be immune. If you don’t believe it – keep your eyes on the daily market headline. With the current roller-coaster ride being provided by Wall St. and the disaster in the sub-prime mortgage markets, which has affected the entire building and residential real estate markets (with the commercial debacle beginning to unfold) – we seem to be in the early stages of the next depression.

The U.S. Dollar seems to be getting hammered continually on the global stage, while gold and silver - not only seem to be holding their own - but reaching record heights on a daily basis. The historical importance of owning gold coins is well known throughout the world and the greatest opportunity for diversification exists today by adding bullion, or historical, or collectible gold and silver coins to your physical holdings. This may be the most affordable “wealth insurance" you'll ever own. (More...)

A Nickel's Worth of News

DATELINE: 09.02.10
Stocks And Real Estate In Its Next Attempt To Create Inflation

What happens when the Fed is actively buying up 30 Year bonds with impunity and the much desired (by the Fed) inflation still does not appear? Well, the Fed then, in Michael Pento's opinion, will begin to purchase stocks and real estate. And as all those who enjoy comparing the US to Japan can attest, outright purchases of securities by the Japanese government is a long-honored tradition in the ongoing fight with deflation in Japan. (Read Full Story)

The Great Treasury Bond Crash of 2010

The 3 1/2 point sell off in the futures for the 30 year Treasury bond (TBT), at the end of last week was the sharpest drop in 18 months. All it took to set was for Q2 GDP to come in at 1.6%, and for Ben Bernanke to remain silent about any plans to flood the markets with more liquidity. After yields bottomed in 1956, bonds suffered negative returns for 30 years! Here come the 18% mortgages. (Read Full Story)

Combining the worst

A combination of deep recession and inflation is supposed theoretically to be impossible, but that desperate state of affairs can exist perfectly comfortably in a world that is not all in recession, as Argentina, Venezuela and Russia can testify. Next on that list could be the United States. (Read Full Story)

Misguided Gratitude for Government Stimulus

In New York, markets enjoyed some brief respite from the blizzard of weak data as reports on the US housing market and consumer confidence proved better than feared. The Conference Board’s index of consumer confidence climbed to 53.5 last month from 51 in July… (Read Full Story)

The Second-Mortgage Disaster

A quarter-century ago, only someone in desperate need of cash would take a second mortgage. Then Congress changed the tax rules, and today, millions of Americans have “home equity” lines. Banks are losing $30 billion a year on these products, and untold thousands of families stand to lose their homes to foreclosure. (Read Full Story)

Hey banks: This woman is alive!

Judy Rivers went to the bank with a simple request in April: She wanted to open a safe deposit box. The response, while equally simple, was a complete surprise. The bank turned her down. Why? She was dead. (Read Full Story)

Lost Gold Of Tsars ‘Found In The World’s Deepest Lake’

A RUSSIAN mini-submarine may have found billions of pounds worth of lost gold in a Siberian lake, it was revealed yesterday.. (Read Full Story)

Monetary Fund Warns G-7 on Debt Levels

WASHINGTON — The world’s most developed economies, which have been racking up spending since the mid-1960s, face record levels of debt as a result of the 2008-9 financial crisis and have little room for maneuver, the International Monetary Fund warned on Wednesday. Despite the stark warning and the prospect that the wealthiest nations face years of belt-tightening, the fund also said that the risk of default by heavily indebted European countries like Greece, Ireland and Portugal had been significantly overestimated. (Read Full Story)

Federal Debt and the Risk of a Fiscal Crisis

Over the past few years, U.S. government debt held by the public has grown rapidly—to the point that, compared with the total output of the economy, it is now higher than it has ever been except during the period around World War II. The recent increase in debt has been the result of three sets of factors: an imbalance between federal revenues and spending that predates the recession and the recent turmoil in financial markets, sharply lower revenues and elevated spending that derive directly from those economic conditions, and the costs of various federal policies implemented in response to the conditions. (PDF file) (Read Complete Report)

Tax Cuts That Make a Difference

It’s time to start talking about a tax cut. The economy is struggling mightily. Some 15 million people remain unemployed. The Federal Reserve has been slow to act and still is not doing much. The question, then, is what kind of cut can put people back to work quickly. (Read Full Story)

Economy Avoids Recession Relapse as Data Can’t Get Much Wors

The U.S. economy is so bad that the chance of avoiding a double dip back into recession may actually be pretty good. (Read Full Story)

Bank Deposits Drop as Greeks Use Up Savings After Salaries Fall

Marina Efthymiou, who works in a state-run call center in the Greek capital of Athens, is tapping her bank savings to meet living expenses after her income declined amid the country’s debt crisis. Withdrawals by cash-strapped customers such as Efthymiou, as well as by Greeks moving money out of the country, helped push deposits at the nation’s banks down by 9 percent since the end of 2009. The government introduced austerity (read: stimulus) measures to rein in the European Union’s second-biggest budget deficit, which ballooned to 13.6 percent of gross domestic product last year. (Is this America’s future???) (Read Full Story)

The U.S. Path to Collapse Rising gold and silver prices indicate that the U.S. is headed for an explosion in budget deficits that will rise far beyond what it can pay for through borrowing. Leading Chinese economists are now calling Japanese debt less risky than U.S. debt and with the Japanese savings rate in decline, the U.S. will soon have nobody left to borrow from. The only option will be monetization and already the Federal Reserve is getting ready to buy $10 billion to $30 billion per month in U.S. treasuries to keep its balance sheet at inflated levels. (Read Full Story)

DATELINE: 09.01.10

Cash-Poor Governments Ditching Public Hospitals

Faced with mounting debt and looming costs from the new federal health-care law, many local governments are leaving the hospital business, shedding public facilities that can be the caregiver of last resort (Read Full Story)

GM Sales Fall 25% as Unemployment Wards Off Consumers

General Motors Co. and Ford Motor Co. reported sales declines that exceeded analysts’ expectations as the U.S. auto industry headed for its worst August in 28 years. Chrysler Group LLC deliveries rose more than expected. (Read Full Story)

Gold Rallying to $1,500 as Soros's Bubble Inflates

Investors are accumulating enough bullion to fill Switzerland’s vaults twice over as gold’s most- accurate forecasters say the longest rally in at least nine decades has further to go no matter what the economy holds. Analysts raised their 2011 forecasts more than for any other precious metal the past two months, predicting a 10th annual advance. (Read Full Story)

ADP Estimates Companies in U.S. Unexpectedly Cut Jobs

A loss of jobs raises the risk that consumer spending, the largest part of the economy, will retrench and halt the recovery. A Labor Department report in two days will show companies added 42,000 workers last month, economists projected. (Read Full Story)

Political Economy: Exiting Romer to call for more spending

In her final speech as White House chief economist, Christina Romer on Wednesday will call on Congress to summon the political will to approve additional spending on the economy. (Read Full Story)

Stocks edge up, but Fed report leaves investors wary

NEW YORK - The stock market ended its worst August since 2001 with meager gains Tuesday after minutes from the latest Federal Reserve meeting showed officials' increasing concern about the economy. (Read Full Story)

Healthy Correction or Ailing Recovery?

You’ll recall that when we left off last week, Ben Bernanke assured the world that while the recovery was not exactly what he had hoped for, he nevertheless had the situation in hand. He said he had the tools necessary to fix the problem and would do whatever was required. (Read Full Story)

The Summer the Recovery Went Missing THE American economy is once again tilting toward danger. Despite an aggressive regimen of treatments from the conventional to the exotic – more than $800 billion in federal spending, and trillions of dollars worth of credit from the Federal Reserve – fears of a second recession are growing… (Read Full Story)

DATELINE: 08.30.10

High unemployment could last a decade

The American economy could experience painfully slow growth and stubbornly high unemployment for a decade or longer as a result of the 2007 collapse of the housing market and the economic turmoil that followed, according to an authority on the history of financial crises. (Read Full Story)

Get government out of the mortgage business

With so many unemployed, growing legions of people simply can't afford to buy homes. But don't tell that to Fannie Mae, Freddie Mac and the Federal Housing Administration, through which the federal government now holds 90 percent of all mortgages in the United States. Fannie and Freddie have cost taxpayers almost $150 billion in direct government bailouts since they were seized by the government two years ago. There's also the trillions more they cost taxpayers by sparking the Great Recession of 2008. (Read Full Story)

Looming taxes threaten Gulf economic recovery

Like it or not, we need the jobs the energy industry creates and cannot afford the costs these tax increases place on American citizens. With the anniversary of Katrina, it’s important to remember that the Gulf region has been hit by a natural disaster in Katrina and a manmade disaster with Deepwater Horizon. Now a Washington-made disaster in the form of energy taxes threatens these same businesses and families already struggling as well as our national economic stability. (Read Full Story)

Investors Pull $7.1 Billion From Stock Funds Worldwide, Buy Emerging Bonds

Investors withdrew a net $7.1 billion from equity funds tracked worldwide in the week to Aug. 25 and put some $5.2 billion into bonds amid concern economies in the U.S. and Europe are losing momentum, EPFR Global said. A net $5.4 billion was redeemed from U.S. stock funds, while inflows into emerging markets were the lowest in 13 weeks. (Read Full Story)

Dude, Where's My Ship? Hint: Not Coming In

Most economists (like about 75% of those in the NABE – who were polled on what might need to be done) believe that the top priority of the Obama administration ought to be to grow the economy. However, the same majority also believe that QE2, or whatever you might like to call it, is not a prerequisite to ensure the same. (Read Full Story)

In Today's Economic Climate It is Absolutely Imperative to Diversify Some of Your Assets into Gold

The national debt of the US is approaching USD14 trillion and soon government debt to GDP will be more than 100%. Gross government debt in the U.S. stood at 85% of GDP in 2009 and will reach 108% of GDP by 2014, according to IMF projections. The U.K.’s gross government debt stood at 69% of GDP in 2009 and is expected to reach 98% of GDP by 2013. With slow GDP growth, high levels of unemployment which will result in a smaller tax bill, governments will experience difficulty funding all this debt. And, as a consequence, they will continue to increase money supply which will ultimately debase their currencies even further. This will cause the value of gold to rise. Since 2001 as the US dollar has lost more than 30% of its value gold in dollar terms has increased more than fourfold. (Read Full Story)

The Death Of Cash? All Over The World Governments Are Banning Large Cash Transactions Are we witnessing the slow but certain death of cash in this generation? Is a truly cashless society on the horizon? Legislation currently pending in the Mexican legislature would ban a vast array of large cash transactions, but the truth is that Mexico is far from alone in trying to restrict cash. All over the world, governments are either placing stringent reporting requirements on large cash transactions or they are banning them altogether. (Read Full Story)