Global demand for certified gold is twice as strong as it was one year ago.
Posted by Adam King on November 15, 2011
Certified Gold Protects Savings
November 15, 2011 – Global demand for certified gold is twice as strong as it was one year ago. Adding to the already accumulating value of a commodity that inherently stores value, the global credit crisis, monetary inflation, and the European debt crisis have prompted several members of the London Bullion Market Association to report a 48 per cent rise in activity.
This is understandable given the performance of gold, which is continuing a three-week rise and capping off a year to date 25% increase in US dollars and 22% in Euro. For savers who understand that low interest rates are here for the long term, investing in precious metals is one of the only smart investments available and surely the best investment available.
With a negative real interest rate in the US, savers who have worked hard and long are watching the value of their money in banks depreciate rapidly. In Britain, where quantitative easing is not nearly as rampant, savers have lost approximately $43 billion in five years through the inflation of their currency.
Adding insult to injury, Forbes recently reported that MF Global may have used customer funds in a losing $6.3 billion dollar in risky European debt. A CFTC rule labeled 1.29 allowed for this misuse of client funds very legally and every indication would lead one to the conclusions that this is standard operating practice on Wall Street.
So, not only are savers being robbed through inflation and price changes, the banks that they have traditionally confided and trusted in are robbing them through their balance sheets by using their savings to make losing bets.
Certified gold clearly stands out as the smart alternative and the best way to protect the value of your savings. Few other investments have performed as well in the past year and fewer offer the kind of hedge against the further erosion of wealth that is implicit in gold. Historically, from at least Grecian and Roman times, gold is the store of wealth. This is more true now than ever as low interest rates, negative real interest rates, and the legal misuse of saver’s funds make certified gold the certified way to protect your worth.
Stewart Lawson
Senior Staff Writer – Certified Gold Exchange
Categories:
US Gold Market
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