Impending Currency War to Push Gold Price Higher in Coming Years, Reports Gold Coin
As more countries get into the currency devaluation game, gold experts see investors becoming increasingly disillusioned with fiat money and transferring more and more finances over to gold for its safe-haven qualities, reports America's gold coin superstore, Gold Coin.
New York, NY (PRWEB) February 12, 2013
The currency war will boost gold prices, but it's not going to happen overnight, reports America's gold coin superstore, Gold Coin. According to Firstpost, as major global market players like Japan begin to print money to devalue their own currencies, and thus boost exports, we may see competing economies react in kind. In order to benefit from such economic activity, gold investors should be prepared for the long run. As Darren Pollock of Cheviot Value Management said: we're in a “monetary stimulus marathon. This is no sprint.” A gold investor looking to protect wealth and ultimately profit from the precious metal should recognize this and be prepared to go long.
Arthur McGuire, Vice President of Gold Coin, says, “I wholeheartedly agree with Mr. Pollock's assertion of the future of monetary policy. We're starting to see central banks all over the globe taking cues from the Federal Reserve's Quantitative Easing program, and the effects of such widespread currency devaluation on gold won't be seen for a while, and will be felt for even longer. Gold has increased in value over 550% in the last twelve years, but its bull market is far from over. Gold investors shouldn't be discouraged about stagnant gold prices, as central banks the world over are creating the perfect environment for gold to thrive in the future. To those interested in diversifying into gold, I say now is the time to purchase gold coins and bars, as prices, although at historical highs, will be seen, in the years to come, as having been relatively low.”
Gold Coin (GoldCoin.net) is America's gold coin superstore with over two decades of experience advising household investors on smart physical gold and silver investments and gold coin IRA and 401k plans. They buy and sell all types of gold, silver and platinum coins with free delivery directly to your door. For more information or a free “Gold Coin Starter Kit,” visit http://www.goldcoin.net or call 1-800-425-5672 today.
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