Monday 24 May 2010
Why Gold
News From Public Gold
We are past the liquidity crisis. The forced selling has come to an end. We are now beginning the solvency crisis... With a currency and a budget process totally untethered to any reality, nothing limits the amount of foolish spending Congress can (and will) authorize... We are witnessing the end of the paper-dollar standard. Like every experiment with paper money in history, our paper dollar will be destroyed in an all-out attempt to paper over deficit spending, bad investments, and war debts.
– Porter Stansberry's Investment Advisory, December 2008
The price of Gold had hit another new high 1249.6 US Dollar / Ounce and whole world is measure this yellow metal as a safe haven investment. From the graft, you able to notice that the return of gold is roughly 277% in for its bull run in 10 years.
“I have been saying for over five years: by the end of this year, we will be at $2 000 and, when the game is over for gold, it will be over $5 000 an ounce,”
McEwen
**McEwen is the former CEO of Goldcorp, the second-biggest gold miner by market value, and is currently CEO of US Gold, Minera Andes and Lexam Explorations.
And below would be some links to give you an idea why you should invest in gold
1. http://www.commodityonline.com/news/Holding-on-to-$1500-forecast-for-gold-$25-silver-25856-3-1.html
2. http://www.commodityonline.com/futures-trading/technical/10-reasons-why-gold-price-will-boom-14406.html
3. http://www.commodityonline.com/futures-trading/technical/Gold-price-rose-by-277-percent-in-10-years-14863.html
We do not encourage you to invest 100% in physical gold but suggest everyone of us should invest a 5-10% into the physical gold. As nowadays, the sovereign debt fears heightened, you would never know whether what would happen tomorrow. Do you ever ask yourself before that current currency might been reply by gold? I give you some example and you would know what I mean on this issue
1. In Vietnam, gold plays an important role in the purchase of a home. From the moment a buyer and seller agree on a price to the day the paperwork and sale are completed takes a month or longer. During this time, the value of the Vietnamese currency may have fallen sharply, as the current rate of currency depreciation in that country is very rapid. Accordingly, the buyer will arrange financing with a bank not in terms of the Vietnamese dong, but in gold, which holds its value in terms of purchasing power. This arrangement means the buyer will still have enough to pay the agreed price when the sale is consummated (responsiblegold.org).
2. At Zimbabwe, you need to purchase bread with gold. Look at the link and you would know more: http://www.youtube.com/watch?v=7ubJp6rmUYM&feature=fvst
Yes, right now, anytime, anywhere, whether you still have any enquiry or worries, kindly call us at 04-2619999 / 04- 6449999, we will try our best to assist you. Or you can just reply me back.
Thank you.
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