European Debt Crisis Spurs Jump in Sales of U.S. Gold Coins

I thought the U.S. dollar and Treasuries were the only safe havens during a crisis?

Sales of gold coins by the U.S. Mint have risen to their highest levels since December 2008, with coin dealers reporting that business is booming thanks to demand from investors unnerved by Europe's sovereign-debt problems and a sharp decline in stock markets.

So far in May, the U.S. Mint has sold 158,000 one-ounce 2010 American Eagle bullion coins, according to the agency's website. This is already more than double the full-month total of 65,000 for May 2009.

Source: online.wsj.com

Yet, the same media source prints an article that touts dangers of buying gold.

It's all a game of words intended to confuse the public. The end result of the confusion will be redirection, inaction, and control. For those that understand how confidence is the swing factor in the value of all currencies, I suggest reading the following with a good sense of humor:

Source: Why I Don't Trust Gold

It's a currency "substitute," but it's useless. In prison, at least, they use cigarettes: If all else fails, they can smoke them. Imagine a bunch of health nuts in a nonsmoking "facility" still trying to settle their debts with cigarettes. That's gold. It doesn't make sense.