Many people are excited at the release of the Collector’s 2010 Silver Eagle Coin. This is amid the soaring price of Silver, which is only driving interest in the U.S. Minted coin. The coin is priced slightly under 50$ and many think this to be a real bargain.
Now of coarse most of the people claiming the coins to be a good bargain are coin collectors; however, even investors are taking notice at the once unpopular coin collectors. Why the new Interest?
The primary driving factor in the renewed interest in coins, primarily gold and silver, is due to inflation concerns. As the Fed continues to move a head with the quantitative easing policy, People fear this is making money easy to come buy these days.
Well at least printed money. Some dooms day financial gurus believe that silver and gold are the only things that will hold value if the paper currency is debased. One such figure, Peter Schiff, is very vocal about the Governments monetary policy causing inflation.
One of the most noticeable trends or rapidly increasing consumer costs is the Energy industry. Fears of rising oil cost are continuing to drive the cost of energy up. Some experts claim the rise in Energy costs is really just the American Dollar being worth less, resulting in energy costing more and more.
The Federal Government has offered help in the Energy industry with it’s recent deregulation of the Energy Industry. Their reasons included that Public Utilities had become a monopoly and that the introduction of competition would lead to lower energy costs for consumers.
Many states have already introduced competition and the reviews are mixed. Some states have average lower costs to the consumers, such as Connecticut. However, other states claim the rates for electricity have actually gone up with introduction of competition. Many states still are debating when or if deregulation will occur in their state.
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