style=border:On a scale of 1 - 10, just how important do you think gold is to your financial future?  You don't have to say it out loud, just think of a number.  Then, after we discuss some critical facts about sovereign debt, I'll ask if your rating has changed.

In an article by Darryl Schoon, we find an alarming statistic about our own sovereign debt.  For example; Did you know . . . 

U.S. debt is equal to 45% of all sovereign debt of the world? 

Combined with other known facts about our debt, we see a vast sea of debt in which we are afloat.  Consider this as well . . .

Our current debt level is expected to hit $14.3 trillion by fiscal year-end?

By Year-end debt will exceed 90% of GDP?

Total debt including non-funded liabilities has been estimated  at 360% of GDP? 

Will all this debt cause the U.S. to default?

Most believe default is not in our future so what is?

According to Darryl Schoon . . .

Sovereign default, however, is not the only strategy available to the US regarding its unpayable debt. The US could alternatively pay down its massive obligations by debasing its currency, a strategy wherein the US would pay its creditors with increasingly worthless US dollars—to the US, a far more convenient solution.

Given two choices, default or debase, few would argue against an impending massive devaluation of the dollar.  Even our Ben Bernanke has intimated his willingness to do more to stimulate the economy and with interest rates already at or near zero, few can contemplate anything other than more quantitative easing. 

Borrow Borrow Borrow Spend Spend Spend as Mr. Schoon puts it.  It may be our only way out. 

That's why gold demand is skyrocketing around the world as the devaluation of the dollar is highly anticipated.  That's why China is on a covert mission to secure more gold supply and also encouraging its citizens to own gold with every paycheck.  That's why gold has outperformed the markets for the last decade by more than 500% and is poised to outperform again in the decade ahead.

With a gold coin anywhere in the world priced in dollars first then local currencies after conversion, a rise in gold almost seems imminent.  Don't take that as a guarantee however, nothing is guaranteed except - well ... you know!  And that's a topic for another day.  Higher taxes, rising interest rates and a higher cost of living are likely just around the corner.

If your gold importance rating has risen, in light of these facts, then take advantage now of what may be the best time in history to learn more about gold.

Let history be your guide as it reveals gold's ability to become your life raft in our rising sea of debt.  To learn more, be sure to visit LearCapital.com for your free Gold Investor Kit, special reports and free services.  Not to mention perhaps the most competitive gold coin prices on the Internet.