While there is never a wrong time to be investing in gold, the recent collapse and bailout of the GSE's, failure of IndyMac Bank, and the sharp rise in the CPI make it more imperative than ever, for you to protect your wealth with gold. I'm going to review those three financial events and explain why I feel that it is so crucial for you to be buying gold bullion now.

The Failure of IndyMac Bank

Recently, IndyMac became the largest bank to fail in two decades. On the Monday morning after the news of the failure was announced, depositors lined up for blocks and waited for hours to withdraw their money from the bank. If their deposits on account were over the FDIC limit, (the exact amount depends on how the accounts were structured) they were out of luck.

At this point, no one knows how long depositors will have to wait to receive the remainder of their funds or exactly how much they will eventually receive. That is, of course, if they collect anything at all.

What Could Happen

1. The problems at IndyMac are not just an isolated incident, but indicative of a U.S. banking system that has been deeply affected by the worsening credit-mortgage crisis.

2. The Federal Deposit Insurance Corporation's insurance fund has a capital reserve of $53 billion. The IndyMac failure could use up 10% of those reserves.

3. The FDIC has a secret list of 90 other 'problem' banks. The FDIC chairman has assured the public that its reserves would be adequate to handle the additional bank failures that are expected to occur.

4. A few more well publicized bank failures could cause depositors to start pulling money out of even the strongest banks. A widespread panic could start a nation-wide bank run.

Why You Should Buy Gold

Investors who own gold do not have to worry about FDIC insurance, bank failures, and the danger of holding large amounts of cash. Gold is safe, stable, and secure.