Before there was Wall Street, there was Gold...and When Wall Street is Gone, there will Still be Gold
Increasing demands on the gold market are expected to affect retail prices within the year.
Arnstein, Ontario (PRWEB) January 11, 2005 -- Paper burns and large companies
can go bankrupt, but if you want a piece of the solid rock, go for Gold.
Financial experts agree that the rising value of gold, which has climbed since
2001 to a 16 year high of $456 (U.S.) an ounce, is going to be spurred on in
2005. Precarious world situations, from political turmoil to flailing
currencies, are taking a toll on the trade markets. The cry for stability and
future security is high on the priority list for North Americans and can also be
heard pulsating around the globe. Gold, along with the precious metal
industries, is emerging as a reliable anchor for many investors at home and
abroad.
In his well documented publication '15 Reasons To Own Gold'
analyst John Embry, from the Sprott Gold & Precious Metals Fund, states that
on a global scale, "Gold as Money is Gaining Credence." Indeed, many countries
including India, China, Russia and the Middle East are moving towards a secure
hold on gold supply and a serious interest in the incorporation of gold into
their monetary systems.
Economist Dr. Gary North overviews the many ways
to buy gold, and advises people that when looking to invest, "Promises to pay
are never as reliable as gold in hand." Whether conscious or subconscious the
public mind seems to agree with this persuasion. The growing trend towards gold
can be seen at the grass roots level with the consumer demand for fine jewelry.
According to The World Gold Council, the demand for jewelry is rising faster
than the production of gold.
The jewelry industry, though generally
steady in its revenues, has been more of a 'buyers market' in past years, with
highly competitive price war campaigns and marketing strategies. These tables
may now be about to turn, as the increasing demands on the gold market are
expected to affect retail prices within the year. Tom McDonald of goldmisers.ca
says, "Now is the time to buy!" Gold Misers is an online jewelry outlet which
sells high quality fine jewelry at wholesale prices to the public. "Being at the
root level of the jewelry industry it's easy to see the coming market trend. I
would advise anybody to invest in a little golden nest egg."
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Source : http://www.prweb.com/releases/2005/1/prweb195923.htm