Golden Truth Blog: by Superior Gold Group

Monday, February 1, 2010
A double dip recession is one concern sometimes raised by economists.
- By Bruce Sands
One concern with the current economy has been the possibility that even in light of a pending recovery, there could still be a “double dip” recession that could produce conditions even worse than they were a year ago.

This has remained true even in light of a gross domestic product that grew at an encouraging 5.7 percent rate in the fourth quarter of 2009.

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- Bruce Sands

A report by Dow Jones cites a softer U.S. dollar and positive economic indicators such as an improved manufacturing outlook in accounting for some of the current price rally in the gold market. The article notes that the price peaked at $1,124 on Monday, marking the highest price since December 17.

Another major factor cited by the news service was the strength of crude oil prices, which ties in with gold because funds typically invest in more than one commodity at a time.

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By Bruce Sands

You are grossly mistaken if you think times are changing for the better. Almost all the industrial sectors in America are gearing the brunt of the present economic crisis. And this adds to the further deterioration of the financial market. The ever increasing level of job cuts which is plaguing the employment market is a reflection of the depressing times.

In an attempt to stabilize the financial condition, Citigroup Inc, Merrill Lynch & Co and Wachovia Corp recently announced around 12,400 job cuts. The number of pink slips issued will be proportional to the rise in losses. Till date, the U.S financial services sector has suffered 36,000 job cuts. Challenger, Gray & Christmas, Inc., a premier job placement consultancy provides the data.

The profound impact of these cuts on New York City is easily understandable, since its fortunes are directly linked with the Wall Street. When these heavily paid bankers and traders begin to lose their jobs, everything would stand to experience the crash. The Manhattan real estate prices will get affected. So also the high end restaurants and the private car services. Even the security industry will face a crash. This particular industry depends on over 35% of the salary and wages earned in the city. With the bankers and brokers losing out on their base salaries of around $200,000 nothing will be left to imagination.

Take a look at this report published on Thursday. Merrill, the world’s largest brokerage, announced ‘$9.7 billion in write-downs, on top of $25 billion taken in the second half of last year’. After slashing over 1,100 positions Merrill has planned to further cut 2900 jobs. The fourth largest U.S. bank Wachovia has plans to cut down 500 jobs from its investment banking and the corporate division.

So long the global financial institutions have sustained over $200 billion write downs and credit related losses. Thanks to the U.S. housing market which has been acting as the principle catalyst.

Banks have been expecting a positive turnaround for quite sometime. But market analysts consider it to be no less than wishful thinking. With the entire U.S. financial service sector which mostly comprise of commercial banks announcing a record 153,105 job cuts in 2007, only the worse can be expected.

The recent projections from the analysts at JP Morgan concerning the sub prime mortgage crisis and global credit crunch are actually a redouble of their previous estimates.

With the global currency, the dollar taking a nose dive and the market nearing to a virtual close down, its only gold that can offer some respite. The superior Gold Group desires to offer you that security which will help you to protect your hard earned assets.

Get your free portfolio insurance guide at the Superior Gold Group at 8885673340. Shift into GOLD now.

By Bruce Sands

The two most probable circumstances facing America:

First, after several years of inflation, the future powers would have a sudden roll in their brains and decide to stop the dollar ‘printing press’, put a check and gradually end inflation. Let precious metal like gold bull the market for a considerable number of years.

Secondly, it might be too late to put a hold on this escalating inflation. There is a high possibility of the political forces and the pressure of the ‘unfunded liabilities’ might compel the continuation of this dollar printing process. The result would be a hyper-inflation and eventually a complete annihilation of the dollar. The American money would lose its worth. The essential commodities food market would run empty shelves, oil and gas prices would shoot through the stratosphere and the Americans would face the worst catastrophe in recent years.

Assets, shares and cash will suffer terrible devaluation. And none of them would have the desired value in the financial market. You will feel the crunch when you go to buy your essential commodities. You will find your self in a situation where only gold is valued and then when you want to acquire gold, it will be valued not in hundreds of dollars per ounce but it will be thousands.

Therefore, you need to act now and that too really fast! You require a trustworthy helping hand in order to secure your self from the poisonous fangs of hyperinflation. The Superior Gold Group is here to help you on that account. To get in touch with us call at 888-567-3340.

You can only imagine the rapidity with which the situation is slated to escalate beyond control. Get prepared to face it. The circumstance predicts not a double or a triple digit annual inflation but along the unbelievable lines of seven to ten digits! The collapse in the denomination of the dollar will also devalue currencies which does not have any asset backing in the form of gold. There is no support system to aid you apart from building and converting your assets in to gold.

John Williams, a consultant economist has published ‘Shadow Government Statistics’ newsletter where he has rearranged the government data according to historical analysis. It predicts the future degradation of the US Dollar which is considered now as the world’s reserve currency. It also states, “Oil prices are near historic highs, the dollar is near historic lows, and money growth is at an all-time high. The near-term outlook for all three is for new record levels and for extremely strong upside pressure on U.S. inflation. … Gold prices should continue setting new historic highs.”

So, decide fast and act smart. You need to protect your family’s security and well being. Build your assets in terms of gold and your future will be well taken care of. Call us at the Superior Gold Group right now. The number is 888-567-3340.

By Bruce Sands

The turbulent relationship between America and Iran is spelling a profound impact on the economic affairs of this country. Consider this Reuter news reported from an Iranian weekly. It says, ‘Iran has withdrawn around $75 billion from Europe to prevent the assets from being blocked under threatened new sanctions over Tehran’s disputed nuclear ambitions’. Numerous warnings have been issued to this Islamic Republic asking them to stop engaging in sensitive nuclear work. But the whole wide array of western powers have failed to provide any impact whatsoever on Iran’s programs.

Iran is the world’s fourth largest oil exporter. So, as a combative measure, Iran has converted a major part of its assets in the European banks into gold. And another part has been transferred to different Asian banks. The news has been confirmed by Mohsen Talaei, the deputy foreign minister in charge of economic affairs.

In such a situation transitioning your assets and personal wealth to protection has become very important. The Superior Gold Group is here to help the smart money investor. We will help you to purchase and transit your assets and personal wealth by securing them into gold. To start building your wealth and to remain secure for the rest of your life you must call us at 888-567-3340 right now.

About $75 billion of Iran’s foreign assets were withdrawn from America and unreported amounts from the European banks ordered by its President Mahmoud Ahmadinejad. Iran has constantly refused to suspend its nuclear enrichment program despite three rounds of imposition of U.N. sanctions since 2006. Though Tehran says it only aims to generate electricity, US feels that they are designed to make bombs.

Iran is making tremendous profit from the record rise in the global oil prices. According to a report in April, its foreign exchange reserves stands at more than $80billion. Analysts are of the opinion that it’s a conscious decision from Iran to shift away from the dollar since it is gradually losing ground in the financial market. Washington has tried to isolate Iran by prohibiting the western banks from continuing business and dollar dealings with Iran. This has resulted in the further weakening of the dollar.

So, what do the smart investors do now? You are required to look beyond the dollar and think to build your wealth safely and securely. We will provide you the cushioning against this rapid dollar decline. You must shelter all your wealth and assets by securing them in gold. It is the only mode of wealth which is safe and steady. It is absolved from the fear of devaluation.

Get in touch with the people you can trust at the Superior Gold Group at 888-567-3340. Pick up your phone right now ! Iran fosters the ultimate upheaval in the finance market.