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THE GOLD RUSH…

WHY CASH AND GOLD ARE KINGS ?…

AS TOP-PERFORMING EUROPEAN EQUITY FUND MANAGERS  STILL EXPECT FURTHER MARKET DECLINES IN OVERVALUED OR EVEN UNDERVALUED STOCKS, INVESTORS ARE SAID TO HOLD THE MOST CASH SINCE LEHMAN BROTHERS HOLDINGS WENT BANKRUPT. IT DOES GO WITHOUT SAYING THAT EXPERTS KNOW THAT THERE ARE PLENTY OF CHEAP STOCKS AROUND, BUT THEY ALSO KNOW THAT A LOT OF THESE STOCKS ARE CHEAP FOR THE RIGHT REASONS…

ACTUALLY, THE FAILURE TO RESOLVE THE EUROPEAN SOVEREIGN-DEBT CRISIS AND A SLOWDOWN IN MAJOR ECONOMIES SUCH AS GERMANY, FRANCE AND THE US CAUSED THE REGION’S STOXX 600 INDEX TO FALL  AGAIN AND AGAIN SINCE GOVERNMENTS BAILED OUT THE WORLD’S FINANCIAL SYSTEM. ANY REBOUND IN THE STOCK MARKETS IS LIKELY TO BE TEMPORARY IN THE ABSENCE OF A LONG-TERM FIX TO EUROPE’S DEBT AND GROWTH PROBLEMS.

FOR THAT REASON, TODAY, CASH AND GOLD SEEM TO BE THE TWO MAIN TOOLS TO BE USED TO PROTECT INVESTMENTS AGAINST FURTHER FALLS IN EQUITY MARKETS. TODAY THE DEMAND FOR INVESTMENT INSTRUMENTS/VEHICLES DIRECTLY RELATED TO GOLD  IS REPORTED TO BE STILL SKYROCKETING.

STAR PRODUCTS COMING ON TOP OF THE LIST  ARE :

  • ARKEON OR FINANCIER FROM ARKEON GESTION,
  • AMUNDI FUNDS EQUITY GLOBAL GOLD MINES FROM AMUNDI,
  • FRANKLIN GOLD & PRECIOUS METALS FROM FRANKLIN TEMPLETON,
  • TOCQUEVILLE GOLD FROM TOCQUEVILLE ,
  • INVESCO GOLD & PRECIOUS METALS FROM INVESCO,  

INCIDENTALLY, YOU WILL RECALL THAT ONLY 2 YEARS AGO, A GOLD INGOT USED TO COST 10.000 EUROS, TODAY,  IT COSTS AROUND 40.000 EUROS.

WE STILL RECOMMEND 65% IN STOCKS AND 35% IN SOLID GOLD SAID ROBERT COHEN, VP AT DUNDEEWEALTH AND CEO OF DYNAMICS PRECIOUS METALS IN LA TRIBUNE ON OCTOBER 14,2011.

GOLD PRICES ARE UP 20% SINCE THE BEGINNING OF THIS YEAR ALONE. AS A RESULT, MORE AN MORE PEOPLE ARE GIVING UP LUCRATIVE JOBS IN CITIES IN AUSTRALIA FOR A CHANCE AT THE QUICK RICHES AND ADVENTURE OFFERED BY OLD-FASHIONED PROSPECTING.

THIS  GOLD RUSH PHENOMENON CAN ACTUALLY BE SEEN ACROSS THE WORLD, IN PLACES LIKE BRAZIL, ZIMBABWEE, SOUTH AFRICA…AND EVEN THE UNITED STATES !

PHLDUCX