A letter from the Government
There are literally
trillions of reasons to be bullish on gold - but I recently received a letter
from the Social Security Administration (SSA) that further cemented my belief
in the uptrend for gold (and silver).
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In a letter titled "Your Social Security Statement" the Commissioner of Social Security Michael J. Astrue wrote:
"...by 2037, the Social Security Trust Fund will be exhausted and there will be enough money to pay only about 76 cents for each dollar of scheduled benefits. We need to resolve these issues soon to make sure Social Security continues to provide a foundation of protection for future generations."
I've done the calculations, and I now pay about 7% of my income in FICA taxes, an amount I realize also includes Medicare - which is of course, matched by my employer. So, that's 14% of my potential income gone. It's more than I currently save for my own retirement.
