This gold coin and the assimilation of gold coins is being touted as a hedge against another possible economic collapse when printed money will have zero value, but gold will always retain a certain value. Pundits, financial analysts, and experts, even George Soros are all warning about another economic collapse similar to or worse that what happened in 2007-2008. Soros recently sold out of many stock positions and decided to invest in gold but in Soros’ case he didn’t just buy gold coins, he bought a gold mine.
The Brexit gold coin has done well selling out its first production run in only two days, but for some, it has another downside besides the boring sides of the coin. The coin is now being minted on thinner gold which allows for a larger surface area, but the coin does not feel as substantial as coins minted in the regular thickness. Collectors of coins either keep them mounted on wall displays or in specially constructed locked and felt lined drawers, where the coins can be shown, appreciated and felt when handed to others by the collector. To heft even an ounce of silver is an experience, an ounce of gold even more so. All collectible coins have a value beyond the monetary; somewhere between jewelry and fine art.
The U.S. Money Reserve has been ably managed and directed by Philip N. Diehl, who was a previous Director of the U.S. Mint. While he was at the U.S. Mint, he was committed to efficiency and customer service. Diehl changed that bureaucracy into an efficient and money-making department of the U.S. Government. His commitment to customer service has continued in his new role in the private sector. For more information about silver and gold coins visit the U.S. Money Reserve website, usmoneyreserve.com
Learn more about the Brexit Gold Coin: http://www.apmex.com/product/102379/2016-cook-islands-1-10-oz-gold-brexit-proof
Europe tried to pull itself together into one prosperous economy 30 years ago by forming the European Union. The original Union was an agreement between two countries, but it quickly expanded its membership. Members of the EU are a diverse group of independent nations with their own rules and intentions. If the truth be known, several of the members have long-standing disagreements with each other, and those mini-conflicts were never resolved. But in the name of economic prosperity and security the nations got together, opened their borders, created a new currency, and started doing business.
George Soros, the wealthy investor and foundation head, recently told a German magazine that the European Union is an arrogant, stubborn and complacent group that is self-destructing. Soros believes the EU is heading for a breakup, and there’s not much anyone can do to stop it. Mr. Soros posted the interview on his website, and what he said about the EU is true. The euro is in crisis mode thanks to an incredible amount of debt. Several member nations are on the verge of bankruptcy or are bankrupt, and a couple of countries want to leave the EU. Britain is one of those countries.
Britain’s Prime Minister David Cameron is renegotiating his country’s relationship with the EU. Cameron has asked for a modest number of reforms, and some analysts say the unbending EU leaders refused his package of reforms almost immediately. One of the major issues is a minor change in migrants’ rights to claim welfare once they enter a country. That request was denied as well.
The supreme arrogance that EU leaders display has caused more problems than solutions, and according to Soros their position on changing some of the rules concerning migration is another example of shortsighted thinking. Rather than building a closer Union, the leaders are stubborn enough to die from self-inflicted wounds.
George Soros said the migration crisis could be the ultimate fail for the European Union. Member nations are dealing with the migration in their own way, but several of those nations refuse to deal with it at all. They have closed their borders and their eyes to the human suffering for purely nationalistic or religious reasons. Mr. Soros thinks more than 5 million more refugees will reach Europe in 2016 unless the EU pulls itself together and develops a plan that will help these people find homes closer to their original homes.
The EU is unwilling to find a solution or they believe setting up check points and refusing entry is the best solution. Soros calls that fear-based reactions not a solution. Unless someone steps up and takes the lead in the EU, the prediction that there will be a European Union break up may become very real in 2016.