Express Press Release Distribution

Accounting
Advertising
Aerospace
Agriculture
Apparel & Fashion
Automotive
Biotech
Chemicals
Computers
Construction
Consumer Services
Defense
Education
Electronics
Energy
Entertainment
Environment
Financial
Food & Beverage
Government
Healthcare
Human Resources
Industrial
International Trade
Internet & Online
Law
Management
Marketing
Media
Non Profit
Pharmaceuticals
Real Estate
Retail
Semiconductors
Small Business
Software
Sports
Telecommunications
Transportation / Logistics
Travel

EPR Archived News

Archived News 2012
~ April
~ March
~ February
~ January

Archived News 2011
~ December
~ November
~ October
~ September
~ August
~ July
~ June
~ May
~ April
~ March
~ February
~ January

Archived News 2010
Archived News 2009
Archived News 2008
Archived News 2007
Archived News 2006
Archived News 2005
Archived News 2004

 

China boosts gold market, signals intention exchange US currency to the Euro, precious metals, due to weak dollar and geo-political concerns

Released on = January 18, 2006, 1:09 pm

Press Release Author = Internet Unlimited

Industry = Small Business

Press Release Summary = With signs of weakening U.S. currency, expanding U.S.
foreign debt and Iran threatening $100 barrels of oil in response to possible U.N.
sanctions, the Chinese Central Bank has been stockpiling precious metals at a fever
pitch, pushing platinum and gold to record levels. And indications are that these
recent highs are just the begining. China appears to be growing more and more
nervous about the $818.9 billion dollars in U.S. currency it currently holds.


Press Release Body = JAN. 21 LAS VEGAS, NV.

As platinum reaches an all-time high, and gold hits 25-year high at $564 per ounce,
all indications are that these record levels are only the begining of a shift away
from
the dollar. China appears to become more and more concerned about the $818.9 billion
U.S. dollars in currency it currently holds. With America\'s foreign debt standing at

$8,184 trillion, while nearing the debt ceiling of 11 trillion as early as February
2006, it\'s not extremely difficult to understand why. According to a recent
Bloomberg report,
China\'s central bank will now start to exchange U.S. paper currency for hard
assets-namely, precious metals. Apparently, this is some type of risk protection on
all of the
U.S currency it currently owns on behalf of the Chinese Central Bank. If China
decides sells those dollars, the clear winners will be gold investors. And the clear
loser being
the U.S. dollar.

This can only be interpreted as positive for precious metals. In fact, Wolfgang
Wrzesniok-Rossbach, head of precious metals marketing at Germany\'s Heraeus, said
gold
was set for further gains in 2006 and had the potential to breach $600 an ounce. MKS
Finance said gold prices might reach $620 in 2006, with an average price of $544 for

the year.

\"Gold is more and more becoming an insurance policy against any type of disruptive
risk and most portfolio managers believe that gold is an asset which should not
be missed in their portfolios,\" Frederic Panizzutti, senior vice-president at MKS,
said in the firm\'s report.

The obvious beneficiaries of this global shift away from the dollar will likely be
gold investors, e-currency exchange merchants and foreign currency investors.

How dose the average investor navigate the potentially rocky times ahead? Here are a
couple of tips from the experts.

- Diversify your investments. It is recommended that %20 of your total investment
dollars are kept in gold, other precious metals.
- Consider keeping investments in foreign currency, e-bullion or gold-backed
e-currency to hedge against the weakening U.S. dollar.
- Invest in gold coins. The American Gold Eagle and Canadian Maple Leaf are very
popular investments.
- Keep yourself informed. Keep track of global political developments and possible
opportunities in foreign currency markets.
- Always consult your investment strategist before making any major financial
decision or investment.

For more information, please contact:

Ron Butterfield

702-598-5836

www.learn-e-currency-exchange-now.com



Web Site = http://www.Learn-E-currency-Exchange-Now.com

Contact Details = Ron Butterfield

  • Printer Friendly Format
  • Back to previous page...
  • Back to home page...
  • Submit your press releases...
  •