gold rush imminent

The pressure on the US dollar becomes more intense by the day. China, not too happy about current US monetary policies, calls for a new world reserve currency which does not belong to an individual nation. In the meantime China has ramped up its own gold holdings by 76% over the last 6 years. China obviously has chosen the golden path, they want to diversify out of the dollar and into gold and they're very vocal about it. Investors are following suit and ramped up investment demand for gold to a record high during the first quarter of 2009.

The main question for the mainstream investor remains how to participate in gold investing and what prices could be expected coming years. Hommelberg comments: "The primary reason for gold investing should be to protect your wealth, not to get rich quick. You simply would not want to live in a world with gold prices over $10.000. But having said that investors should protect themselves against a potential monetary fall-out which could render most currencies worthless Zimbabwean style. Gold then will emerge as the only currency of choice and will seek to counter balance the US public debt held in foreign hands. This would require gold prices these days exceeding the $10.000 mark. This may seem absurd but it's the same methodology used in the seventies that predicted $850 gold."

Investors seeking a way to protect themselves through gold offered and stored by a third party could opt for GoldMoney.com. Since 2001 thousands of individuals have used GoldMoney.com to buy gold & silver to protect their wealth from today's financial uncertainties. The gold bought from GoldMoney.com is stored securely in specialized bullion vaults in Zurich and London.


http://www.emediawire.com/releases/2009/7/prweb2604134.htm