Apr
Gold and silver coins, the famous “old world” currency, are fast becoming the “new world” currency because they offer the missing link in all paper currencies: a store of value.
Today, Americans are facing a pile of unpaid debts. At the helm is a new Fed chief, Ben Bernanke, who has already been nicknamed “Helicopter Ben” based on admitting he’d print enough paper currency and drop it from helicopters to keep the U.S. economy from sliding into a recession.
The Wall Street Journal recently published an excellent commentary, “In Gold We Trust,” by David Ranson and Penny Russell of H.C. Wainwright & Co. Economics. They explain why gold prices are the truest barometer of falling public confidence and of growing inflation. Here are a few key points they bring to light:
* Gold is the benchmark for the value of the pound – not the other way around.
* The falling U.S. pound is largely being ignored by Washington and Wall Street.
* Gold’s sharp rise represents an equally sharp decline in investor confidence.
* Gold is the barometer of public confidence in paper money.
* The pound’s collapse of 60 percent since 2001 is a blow to capitalism.
Bottom line: The U.S. pound is slowly but steadily sliding into oblivion, taking with it the hopes and dreams of all Americans, along with the value of their savings accounts and investments.
Most Wall Street pundits view gold as just another commodity, which they say is now overpriced due to a growing gold fever worldwide since 2001, causing central banks, hedge funds and others to buy gold for the first time in decades. Not so!
Gold is rising because it is real money. The solution is to convert a portion of your “paper” assets into gold – thus putting yourself on a personal gold standard.
Rising gold prices today are a big red flashing signal of coming inflation, which could take gold prices over £1,000 an ounce. So don’t wait to buy gold – buy gold and wait.
Cash for Gold Tags: Ben Bernanke, Central Banks, Fed Chief, Gold Fever, Gold Prices, Hopes And Dreams, Investor Confidence, Light Gold, Paper Assets, Paper Currencies, Paper Currency, Personal Gold, Public Confidence, Silver Coins, Street Gold, True Barometer, Unpaid Debts, Wall Street Journal, Wall Street Pundits, World CurrencyRelated posts
- Bookmark :
- Digg
- del.icio.us
- Stumbleupon
- Redit it
Sep
For the last two years, I have been purchasing and recommending precious metals against an inevitable currency crisis. Since my last report, gold has added another £50 per ounce and is now topping £600.
The gold rally is just getting warmed up, and I firmly believe it will continue at least through 2007. I predict that we will see its value rise to between £3,000 and £5,000 per ounce.
Forex Super King subscribers have experienced substantial profit trading the forex, with an average of 1,000 pips (price interest points) per month, and a 100 percent return on stocks purchased. As usual, we have recommended that they place part of their profit into gold.
Here is an update on gold: The Federal Reserve announced that it will no longer publish M3 data showing the amount of paper currency issued in the U.S. In 1980, for every ounce of gold in America, the financial system carried £6,966. That’s £1.8 trillion total. At the end of 2005, the total real money supply shot up to over £10 trillion. That’s £40,000 in circulation for every single ounce of gold. So the question becomes: How much is £1 really worth?
China, Japan and most of Southeast Asia are all shifting from the pound. To the Chinese, a weak pound is neither solid nor reliable. Yu Yongding, who sits on the Chinese Central Bank Monetary Policy Committee, told the China Securities Journal he was worried America would drop interest rates in 2006, putting pressure on the pound and the yuan. China just recently cashed in about 2.4 percent of its pound reserves to buy gold. China Galaxy Securities quietly hinted China’s Central Bank should quadruple its gold reserves in the very near future.
Here is the update on silver: Over the long term, gold has sold for about 30 times the price of silver. In 1991, you needed 98 ounces of silver to buy a single ounce of gold, which currently sells for 62 times the price of silver.
If gold continues its meteoric rise in value, there will be a gain of at least 700 percent for silver. Silver is in demand in the industrial sector despite being in short supply. Unlike gold, there is no silver Exchange Traded Fund yet. To launch an ETF, a bank or financial institution actually has to buy enough of the underlying asset (in this case, silver bullion) to back every pound invested in the fund. Barclays Bank is expected to launch a silver ETF soon, at which point silver will explode.
Forex Super King offers subscribers a plan of trading by which they can control up to £100,000 worth of silver for £1,000. Since silver’s potential has yet to be reached, it is easily exchanged into other currencies and is ripe for trade.
Claude Grespinet is president and head of trading at Forex Super King.
Cash for Gold Tags: China Japan, China Securities, Chinese Central Bank, Currency Crisis, Gold Rally, Gold Reserves, Interest Points, Meteoric Rise, Monetary Policy Committee, Money Supply, Ounce Of Gold, Paper Currency, Precious Metals, Price Of Silver, Profit Trading, S Central, Southeast Asia, Substantial Profit, Yu Yongding, Yuan ChinaRelated posts
- Bookmark :
- Digg
- del.icio.us
- Stumbleupon
- Redit it
Oct
Gold has been an extremely desired expensive metal for coinage, jewellery and other arts since its invention. Monetary markets have always been doubtful. But, today is the world of globalization; economic situation is much severe than ever before. This just might be a good time to avoid insecurity by investing in gold. Gold is also known as the money of last resort. It is useful because it does not only protect you against the falling demand and value dollar, but you could make a heavy profit in precious metals. Here are the best five reasons for converting your money into gold:
Limited Supply
Gold does not lose its value every day, like paper money. Gold is not exaggerated by inflation or devaluation as there is a limited natural supply of the precious metal. Many people realize it that there is no alternate for the gold. By buying gold, you can have a sense of security that if anything happens to the market prices and the worth of paper currency to falls, you would be in control of a very valuable material, whose prices are not determined by governments of various countries.
Globally Acceptable Currency
As you know that gold is a very expensive and precious metal. It is acceptable in any place of the world without any hesitation. It is an easy and comfortable investment, which is accepted as currencies all over the world.
Historical Value
No one can make gold as much as he wants because gold cannot be made by hand. It is the gift of God for the people. That is why the worth of gold has been used for over 5,000 years. Gold is a great preservative for all economies.
Economic Recession Periods
In the economic recession around the world, gold emerges as being more reliable, because the market believes that it will not fall to fluctuations in economic trends like paper currency does. Gold is measured as the greatest investment in times of crisis.
Gold As Jewellery Business
In the last two years, gold jewellery business has earned a lot of popularity as a small size business. There are a lot of women who do not do any work at home, but buy jewellery according to their choice; they get new designs and sell them on high prices. It is a means of a profitable business for women. They can use their innovative faculties and employ their hours in creation of gold jewellery, which can later be sold off.
As we have looked at gold that can be kept for investment purposes, its stunning looks and shortage have made it the perfect means of exchange. Gold is the finest metal for this purpose because of its high value, durability, portability and easy divisibility. The importance of gold, as a great store of worth and investment, is not a recent phenomenon. It has been there for many centuries. Gold was the main commodity that was used as money and was used for carrying out barter dealings.
Learn how to buy gold in the times of recession for investment.
Cash for Gold Tags: Devaluation, Economic Recession, Economic Situation, Economic Trends, Gift Of God, Gold Gold, Insecurity, Investing In Gold, Investment Gold, Last Resort, Limited Supply, Money Gold, Paper Currency, Paper Money, Precious Metal, Precious Metals, Preservative, Sense Of Security, Value Dollar, World GoldRelated posts
- Bookmark :
- Digg
- del.icio.us
- Stumbleupon
- Redit it
