The US dollar remains down against the euro and other currencies as of the end of July. A direct response to this has been increasing activity to buy gold as a hedge. The question: Is this recent gold run a short term bet or is the weakening dollar going to be followed by inflation? The worst of both worlds.
What is for sure is the demand for gold will continue to increase as a reserve currency as opposed to a commodity. Federal printing presses are working overtime to pour more money into the system in the form of bail outs, stimulus and war efforts. Demand for gold will likely outpace supply.
New to our vaults, and we believe a safe haven for a declining dollar, the Canada 2011 175th Anniversary of Canada's First Railway Gold Proof Coin. Remember, there are no guarantees about whether or not a coin or any collectible, material thing or instrument in any asset class will increase in value and past performance of a coin’s return is Not indicative of future results.
New to our vaults, and we believe a safe haven for a declining dollar, the Canada 2011 175th Anniversary of Canada's First Railway Gold Proof Coin. Remember, there are no guarantees about whether or not a coin or any collectible, material thing or instrument in any asset class will increase in value and past performance of a coin’s return is Not indicative of future results.
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