The Wall Street Journal (WSJ) reported that gold and stocks are the winners as the U.S begins to recover from what is being termed by some as "The Great Recession". The WSJ noted that in recent months, gold has been pushed to new highs as investors who once considered precious metals "archaic" have shifted to gold to minimize their exposure to Western currencies. In the article, a fund manager for Greenlight Capital stated, "I decide holding gold is better than holding cash."
CONVINCED YET? HERE'S ANOTHER EXCERPT FROM MERRILL LYNCH:
Gold has outperformed several investments from different asset classes according to a research report from Bank of America - Merrill Lynch. The July 14, 2009 research report indicated that gold bullion outperformed the S&P 500, 3-Month Treasury bills, long-term treasury bonds, and high-grade corporate bond on a two and ten year basis.
STILL NOT CONVINCED? HERE'S A VERY RECENT ARTICLE FROM THE L.A. TIMES:
Gold hit another record high and is up 24% year to date. The metal has risen for nine straight years and is up 300% since Dec. 31, 2000. The L.A. Times writes that gold has become "the great 'if only' investment, as in 'If only I'd bought it nine years ago, or four years ago, or six months ago.'"
Gold's recent rise is fueled by reports that more central banks may buy gold as an alternative to the dollar. Unlike fiat currencies backed only by the promises of the issuing government, most gold investors view gold as a type of currency that cannot be undercut by spendthrift governments. According to economist Edward Yardeni, "The alternative to fiat currencies is gold."
David Einhorn, a leading hedge fund manager, considers gold an antidote to the weak dollar and says "Gold does well when fiscal and monetary policies are poor." He is among the investment pros turning to gold to partially replace cash in their portfolios.
What are you waiting for? I only have a few of these left and they are GOING FAST!
$5 Gold American Eagles are much better investments than all others as they have the highest value per ounce. Don't miss out on the gold rush. Holiday season is getting closer and these will make excellent stocking stuffers that will be cherished and collected for years to come.
CASH AND LOCAL SALES ONLY.
QUANTITY DISCOUNT AVAILABLE PROVIDING THERE'S ENOUGH LEFT.
- Location: Honolulu
- it's NOT ok to contact this poster with services or other commercial interests
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