Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty

As Stock Market, Housing And Currency Remain Volatile, Americans May Consider Buying Gold

November 4, 2010 by  

As stock market, housing and currency remain volatile, Americans may consider buying goldIn a climate of economic uncertainty and with the American dollar continuing to slide against other currencies, raising the specter of inflation, many people have decided to convert their assets into gold in an effort to protect their hard-earned wealth.

In more stable times, many sought gains by investing in the stock market, but it has been falling, too, due to a growing concern over the size of the planned Federal Reserve purchase of Treasury bonds.

Stephen Stanley, chief economist at Pierpont Securities LLC in Stamford, Conn., told Bloomberg that if the central bank buys too much, "I think there's a real chance that rates are going to rise because people are worried about inflation."

Global stocks rose slightly on Oct. 28, lifted by strong corporate earnings, but the ailing American economy is causing the currency to continue to fall. In fact, foreclosure rates have increased in the last quarter, which will likely keep real estate prices depressed and prevent a more vigorous economic recovery, according to

Against the backdrop of similar volatility, precious metals — such as silver, gold and platinum — continue to offer attractive investment options for those who want to shield their wealth from the ravages of inflation. 

Special To Personal Liberty

You Sound Off! is written by our readers and appears the last Wednesday of each month. If you would like to submit an article or letter to the editor for consideration for You Sound Off!, send it to by the Friday before the last Wednesday of the month. To be considered, a submission should be 750 words or less and must include the writer's name, address and a telephone number. Only the writer's name will be published. Anonymous submissions will not be considered.

Facebook Conversations

Join the Discussion:
View Comments to “As Stock Market, Housing And Currency Remain Volatile, Americans May Consider Buying Gold”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at


Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.