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    Detroit Has Gone Broke

    Last updated 4 years ago

    The city of Detroit has filed for bankruptcy, becoming the nation's largest public sector bankruptcy, and threatening the pensions of many city workers and retirees. With the current state of the American economy, smart investors are opting to buy gold and silver. Listen to the latest episode of the Gold Show to learn how investing in gold can secure your financial stability far into the future.

    Listeners can subscribe to the weekly podcast of The Gold Show and are always welcome to receive a free Definitive Gold Guide online or by calling (800) 510-9594.

    At Capital Gold Group, we are committed to protecting your long-term investments. To find out how and where to buy gold in the Los Angeles area, call us today at (800) 510-9594 or visit us on Facebook to learn more.

    Motor City Files For Bankruptcy – Pensions at Risk

    Last updated 4 years ago

    Just this past week, Detroit, once a major industrial hub in the United States, filed for Chapter Nine bankruptcy protection, earning the dubious award of the largest municipal bankruptcy filing in history. The bankruptcy filing follows years of decline in this once-thriving auto manufacturing town, but the worst part of it is, this dismal state of affairs has required the city to reorganize and potentially cut payments to investors and retirees to about 17% of what they are owed. These involuntary cuts to retirees benefits have never been seen before in a municipal bankruptcy, and unfortunately, the insurance company that protects the loss of pension benefits for private corporations does not back the pensions in the public sector.

    The loss of retirement benefits in Detroit leads one to think about the bigger issue facing America in the decades ahead — that of Social Security. This government program, established in 1935 as a financial safety net for older Americans, requires working Americans pay into this system every paycheck via a tax called FICA.  But as the baby boomer generation begins to retire and overwhelm the Social Security system with an upside-down demographic dilemma, a deficit of $55 billion is weighing on the United States.  Consequently, current projections target Social Security to become insolvent in the year 2033.

    The devastating reality is that the retired police, firefighters, and public employees of the City of Detroit face protracted legal proceedings in the fight for what is rightfully theirs, and Social Security is clearly not a safe bet for retirement security, making this is the era of personal financial responsibility. One way to take control of your personal finances is to diversify with physical gold held in your own possession.

    While the rising U.S. dollar has kept downward pressure on the price of gold in recent weeks, rising economic uncertainty continues to support the yellow metal’s role as a safe haven, as is evident in this week’s price spike.

    Physical gold is a vital component to any portfolio and should be strongly considered in plotting out a long-term investment strategy that will secure a sound financial future for you and your family.

    Call Capital Gold Group today at (800) 510-9594 to speak to one of our gold specialists and find out how you can get started with gold!  For those of you who missed the webinar with Jon “DRJ” Najarian. CLICK HERE for a free download.

    Reasons to Work With Capital Gold Group

    Last updated 4 years ago

    Capital Gold Group is a leader in the gold and silver market and has helped investors everywhere diversify their portfolios and secure long-term financial stability. We know that when you buy gold, you have many choices for where and how to invest. From our visionary CEO to our experienced management team to our highly qualified staff, the employees at Capital Gold Group are defined by their dedication, reliability, and transparency. Here are the top three reasons why you should choose us when you buy gold and silver.

    Personalized Attention

    At Capital Gold Group, we value our clients. Our friendly staff offers decades of experience in the gold and silver markets. Our number one goal is to protect your financial stability today, tomorrow, and well into the future. When you buy gold with us, we will make sure you feel comfortable with your investment, and we will work with you every step of the way.

    Accreditation

    Most gold investment firms claim to have experienced financial advisors, an in-depth knowledge of the gold and silver markets, and thousands of satisfied clients. But at Capital Gold Group, we stand behind our A+ rating as a trustworthy, transparent business in greater Los Angeles. We consistently meet strict accreditation standards, and we ensure that our customers are satisfied with any gold buying transaction, large or small.

    Community Commitment

    When you invest in gold with us, you also invest in a wide range of youth organizations, the American Red Cross, and spiritual organizations. Capital Gold Group is proud to be a member of Global Green USA, an environmental group dedicated to creating green buildings. 

    With unparalleled customer care, experience, and expertise, it is no wonder that customers return again and again to Capital Gold Group. We know that you have options when you decide where to buy gold and silver, and you can trust our superior business rating. Come into our Los Angeles office to learn how buying gold can diversify your portfolio, or call our 24-hour line at (800) 510-9594. You can also visit us on Facebook to learn more.

    Featured Coin: $20 Liberty

    Last updated 4 years ago

    On March 3, 1849, Congress authorized the U.S. Mint to create a $20 gold coin in order to process the huge amounts of gold flooding in from the California gold rush. The $20 Liberty coin quickly became the most valuable gold coin a consumer could buy. The unique double-edged coin could be minted in just half the time it took to create two single $10 gold coins with the same amount of gold. The $20 Liberty soon became a primary method of bank transfers and was regularly relied on for international business transactions. Investors who saw the long-term potential and financial stability of solid gold flocked to collect this valuable gold coin.

    If you want to buy this coin, look no further than Capital Gold Group. Find out why investors continue to recommend gold and silver for long-term financial stability by calling us at (800) 510-9594. You can also check us out on Facebook to learn more about our services.

    Featured Coin: $20 Liberty

    Last updated 4 years ago

    On March 3, 1849, Congress authorized the U.S. Mint to create a $20 gold coin in order to process the huge amounts of gold flooding in from the California gold rush. The $20 Liberty coin quickly became the most valuable gold coin a consumer could buy. The unique double-edged coin could be minted in just half the time it took to create two single $10 gold coins with the same amount of gold. The $20 Liberty soon became a primary method of bank transfers and was regularly relied on for international business transactions. Investors who saw the long-term potential and financial stability of solid gold flocked to collect this valuable gold coin.

    If you want to buy this coin, look no further than Capital Gold Group. Find out why investors continue to recommend gold and silver for long-term financial stability by calling us at (800) 510-9594. You can also check us out on Facebook to learn more about our services.

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