81 BANKS FAIL SO FAR IN 2009

by Joe Battaglia | August 24, 2009

Now is the Time to Buy Gold Online

Ben Bernanke's statement over the weekend that he sees the economy recovering, perhaps as early as this year, helped the equity markets rally aggressively in Asia and Europe. That rally continued into the U.S. markets. The precious metals are also looking constructive with gold and silver both in positive territory in early trading. Gold is performing well and continues its consolidation around the $950 level, trading just above that level early this morning.

Analysts are also looking for further good news on the economy over the course of the week. However, the equity market looks overbought, according to Art Cashin of UBS Bank. Many analysts believe that as the economy begins to recover, we will see inflation pressures rising rapidly. In fact, there are a number of analysts that believe as we move into the months of September and October, the metals market will be posting much more aggressive gains. Analysts such as Merrill Lynch, Barclay's and others continue to see gold rising to the $1,000 to $1,100 range over the next several months.

Silver is looking particularly attractive this morning, as it is up $.23 in early trading. Silver continues to be underpinned by strong investment demand. We are now approaching the end of August. It is a significant time period because in Europe most people go on vacation for the entire month. That is certainly true of the jewelry industry. As we move into September, the jewelry industry returns to work and begins to produce jewelry for the Christmas season. That increases the demand for gold coins and other gold items, and likewise drives demand further. Remember that based on seasonalities, August is often the weakest month of gold sales in the year. It therefore may present a buying opportunity for acquiring gold assets. This year looks to be following the traditional pattern. With only one week left in the month, time is running short. Call Goldline today at 1-877-341-2646 for assistance acquiring gold coins or other gold assets at these bargain prices.

Over the weekend, four more banks failed. A total of 81 banks have failed so far this year, and it is expected that considerably more banks will fail before year end. In fact, some analysts are saying that before this crisis has run its course, hundreds of banks will have failed. One of the chief attributes of gold is that it is an excellent wealth preservation asset. As such, when we have financial crisis, inflation or other disturbing events, gold turns into the asset of choice on a global basis.

Call Goldline now at 1-877-341-2646 to add to your gold holdings today. Also, be sure you ask for the free information package. It contains excellent information about the development of a new global reserve currency, along with other important issues concerning the dollar and precious metals. Once you read this information about gold coins and listen to the free CD, you will get a better handle on the reasons why so many are turning to gold, creating historic demands. To buy gold coins online, call Goldline at 1-877-341-2646.

If you would like to take advantage of the Price Guarantee Program, which provides you with a two-week window of opportunity in which to re-price your order in the event of a correction, you must select gold and silver assets with some collectible value such as 20 Francs, Double Eagles and Silver Dollars. Call Goldline at 1-877-341-2646 for further information on the Price Guarantee Program.

To receive the free information package including articles on the dollar, the economy and gold coins and other items, call Goldline at 1-877-341-2646. Goldline also provides several other helpful articles on gold. There are a number of other independent third-party source articles that you will find extremely helpful and informative. You will also receive the Client Account Agreement, a company brochure and a Coin Facts Risk Disclosure booklet. Read these carefully before you make a decision. Call Goldline at 1-877-341-2646 now to receive your free information package.

You should carefully read the client Account Agreement and our risk disclosure booklet, Coin Facts for Investors and Collectors to Consider. These provide important information to keep in mind before you buy gold coins or other precious metals. Goldline's spread -- the difference between the price we sell our products and the price we buy them back -- generally ranges between 5% to 20% on our most common bullion products and 30% to 35% on all other products, including our popular semi-numismatic coins, such as the European francs, proof coins and graded coins. The market must go up enough to overcome this spread before an actual profit is achieved. All markets go up and down. Past performance does not guarantee future results. Gold coins should be held for the long-term, three- to five-year, preferably five to ten-years. We believe precious metals are suitable for 5% to 20% of the average portfolio, though others may recommend a different percentage. Please see Goldline's risk disclosure materials for further details.

†This material has been prepared for private use. Although the information in this commentary has been obtained from sources believed to be reliable, Goldline does not guarantee its accuracy and such information may be incomplete or condensed. The opinions expressed are subject to change without notice.

You should review Goldine's Account Agreement along with our risk disclosure booklet, Coin Facts for Investors and Collectors to Consider ®, prior to making your purchase. Goldline has a spread or price difference between our selling price, called the "ask", and our buy-back price, called the "bid". That spread varies depending on coin or bar you acquire. Spreads on 1 oz bullion coins, 90% silver dimes and quarters, and one ounce and larger bullion bars are 13%. All other coins have a spread of 28%. There is also a 1% liquidation fee when you sell your coins back to Goldline. The market must go up enough to overcome this spread before an actual profit is achieved. Precious metals and rare coins can increase or decrease in value. Past performance does not guarantee future results. Coins are a long-term, three- to five-year, preferably five- to ten-year investment. We believe precious metals are suitable for 5% to 20% of the average investment portfolio though others may recommend a different percentage.

To receive free information package on gold and precious metals investing, call Goldline at 1-877-376-2643.

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