Gold hit $1600 in London this morning and silver $40
As worries of inflation loom over the global economy – from China and India, to the United States and the European Union – more and more private investors are turning to gold as a safe place to keep their wealth, pushing the precious metal’s price over $1,600 an ounce.
Though many analysts are projecting inflation as the likely scenario in the coming future, the World Gold Council says that the metal is an important addition to any portfolio, regardless of the global economic future.
A growing demand for gold is emerging from Asia, while European central banks are holding on to their substantial reserves in the midst of a
potential global financial crises.
These are difficult - indeed exceedingly dangerous - times for the global economy and whether or not the politicians and central bankers can bring us back from the brink has to be questionable. In such times of uncertainty gold is likely to maintain its historical pattern of being the investment choice to preserve wealth, and silver will likely follow suit on gold's back.
Heed the clear warning signs here and protect what's left of your ever dwindling nest-egg, before the dollar collapses even further, rendering dollar-denominated assets
VIRTUALLY WORTHLESS!
EVERY financial expert in the world expects it to happen, and they're taking the necessary steps to protect their wealth, shouldn't you too?
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