When it comes to currency trading, there is a simple forex secret trading knowledge or skills that could be easily possessed by professionals, home-based traders, and beginners. Before getting into the forex market, it would be advisable to learn about it.
Forex Secret Trading Skills
Many home-based foreign exchange traders think that there are forex secret trading skills possessed by professional currency traders that lead to greater success rates. It is logical that many beginners and home forex traders search the market for any way to discover and acquire the same secrets that the pros have. They think that having those perceived forex trading secrets would make them equally successful as the pros when it comes to generating income from the investment activity.
You should start asking yourself. Is there really any forex secret trading skill or knowledge that professionals exclusively enjoy to succeed as forex traders? In reality, there is no secret skill or special technical knowledge that is kept within the circle of forex pros. As a matter of fact, most professionals have almost equal knowledge and skills as those who are home-based. Many professionals have also started trading currency as home-based traders, who just want to generate revenue from investing money online.
Profitability And Safety
What home-based traders and professionals should consider as a forex secret trading knowledge is how to keep their investments in the money market as profitable and as safe as possible. Home-based traders could also keep their investments secured and lucrative if they would only practice prudence in trading accounts. They need to learn the ins and outs of the industry for them to successfully get on with trading currencies. There is no secret to that.
Currency trading may seem complicated if you look at it at first glance. However, anyone who gets the patience and interest to know the activity even more would discover that it is not as complex as it looks like. In fact, currency trading could be so simple because you would only deal with converting money into different currencies with the hope that within a period or as soon as possible converting the money to other currencies would result to profits or gains in the valuation of the amount.
Market Monitoring
A great forex secret trading skill would be the ability to learn about latest news and economic developments pertaining to specific countries or markets. As a currency trader, you should always monitor news that affects currency performance. For instance, the latest political news in the United States could lead to depreciation of the dollar. You may decide to convert your dollars into yen or euro, which could be performing better for the time to be able to increase value of your money.
Thus, it is no secret that you should be firm on learning about the market more. Even if you avail of the special forex trading robots or software available (which are highly recommended like the FAP Turbo) to make your currency trading activities much easier, you should still strive to learn more about the market on your own.
Wednesday, September 1, 2010
5 Essential Investor
If you've bought Apple's most recent piece of design technology, aka the iPad, you're more than likely a bit of a geek, but also a wily investor - which means you'll be wanting to know how you can make your shiny new appliance work it's magic and return the investment. With over 200,000 apps on offer there's a definite need to sort the wheat from the chaff, so here's our guide to the best iPad Apps that are guaranteed to help you invest wisely.
Financial Times
Free to download, but subscription required to actually read content, the FT has developed a special edition app, which has been optimised specifically for the iPad. Perfect for downloading at home and reading on the move, content includes video, news, comment and analysis, whilst users can also view portfolios, view stock and compare market trends.
Mint
The very popular Mint App is free and appeals to the average man on the street with its intelligent ability to help users keep track of accounts and budgets on the move. Tied into an account via the standard website the Mint App allows users to draw together up-to-the-minute information on all of their accounts, credit cards and investments.
Bloomberg Mobile
Lauded by those in the know, the Bloomberg App allows real-time market analysis, including all the latest news, stock quotes and company information, chart and trend analysis, and interactive graphs and charts.
E*Trade
Extending its online trading arm into the mobile environment, the E*Trade App allows users to view, analyse and actually move stock. Key functionality includes market news, account management, live watch lists and portfolios - all synchronized with an online account in real time.
Daily Finance
Bringing together information from a variety of market sources, the free Daily Finance App provides a pool of information including news, advice and tools for people who actively manage their own portfolios - meaning you can be in touch with everything from market trends, top rate offshore savings and investment quotes 24/7.
Financial Times
Free to download, but subscription required to actually read content, the FT has developed a special edition app, which has been optimised specifically for the iPad. Perfect for downloading at home and reading on the move, content includes video, news, comment and analysis, whilst users can also view portfolios, view stock and compare market trends.
Mint
The very popular Mint App is free and appeals to the average man on the street with its intelligent ability to help users keep track of accounts and budgets on the move. Tied into an account via the standard website the Mint App allows users to draw together up-to-the-minute information on all of their accounts, credit cards and investments.
Bloomberg Mobile
Lauded by those in the know, the Bloomberg App allows real-time market analysis, including all the latest news, stock quotes and company information, chart and trend analysis, and interactive graphs and charts.
E*Trade
Extending its online trading arm into the mobile environment, the E*Trade App allows users to view, analyse and actually move stock. Key functionality includes market news, account management, live watch lists and portfolios - all synchronized with an online account in real time.
Daily Finance
Bringing together information from a variety of market sources, the free Daily Finance App provides a pool of information including news, advice and tools for people who actively manage their own portfolios - meaning you can be in touch with everything from market trends, top rate offshore savings and investment quotes 24/7.
Forex Trading Software
Forex robot or forex trading software online is a useful tool that non-expert currency traders should buy and use to ensure investment success. There are benefits and setbacks that traders should be aware of.
What Is A Forex Robot?
We have grown out with the concept of robot as machines that are programmed to perform specific activities of people. Most robots we know have feet, hands, and head that are used specifically for performing and doing various tasks. Many production facilities now invest in robots to replace human outputs. Robots are also made to perform tasks that are too heavy and too complicated to be completed by people.
When it comes to foreign exchange trading, robots take a different form. A forex robot is actually a computer program that is more of a forex trading software online. Unlike the common robots we are familiar about, forex robots usually exist virtually. They are not like common physical robots that are tasked to sit in front of the computer to work 24/7.
Creation Of Such Robots
Forex robots are strategically and skillfully developed and created by expert currency traders that actively trade across the forex market. The creation is obviously inspired by the intention of expert traders to share their expertise and skills to non-expert traders and beginners. Such robots are forex trading software online that are useful to every trader in the market. The creators of the products have made sure the robots would be useful in any way. Thus, the programs could be left alone to perform important and critical tasks even if the trader is not around.
Forex trading software online are programs that could easily plug into various trading platform. The programs could also utilize and implement specific trading strategies. A trader needs to set up and input his trading plans and strategies that the robot would perform especially when he is not around. Thus, the robot would act the way the trader would do if he is online 24/7.
Benefits And Setbacks
Forex trading software online is helpful because it facilitates a more hands-off approach when it comes to market trading. All you need is to open an account in a trading platform, buy and install the robot, and set the preferences and goals for the software to proceed to continuous trading. Thus, you would just need to buy the forex robots and leave it to handle currency trading for you.
As for the setback, forex trading software online could be somehow dangerous because it would not take its own legitimate strategy. If your strategy is weak and ineffective, the forex robot would just implement that. Thus, the program is not an assurance that risks could be avoided.
A good example of a forex robot is the FAP Turbo. It is a forex trading software online that has been designed and marketed to help traders implement strategies 24/7 even when they are not around.
What Is A Forex Robot?
We have grown out with the concept of robot as machines that are programmed to perform specific activities of people. Most robots we know have feet, hands, and head that are used specifically for performing and doing various tasks. Many production facilities now invest in robots to replace human outputs. Robots are also made to perform tasks that are too heavy and too complicated to be completed by people.
When it comes to foreign exchange trading, robots take a different form. A forex robot is actually a computer program that is more of a forex trading software online. Unlike the common robots we are familiar about, forex robots usually exist virtually. They are not like common physical robots that are tasked to sit in front of the computer to work 24/7.
Creation Of Such Robots
Forex robots are strategically and skillfully developed and created by expert currency traders that actively trade across the forex market. The creation is obviously inspired by the intention of expert traders to share their expertise and skills to non-expert traders and beginners. Such robots are forex trading software online that are useful to every trader in the market. The creators of the products have made sure the robots would be useful in any way. Thus, the programs could be left alone to perform important and critical tasks even if the trader is not around.
Forex trading software online are programs that could easily plug into various trading platform. The programs could also utilize and implement specific trading strategies. A trader needs to set up and input his trading plans and strategies that the robot would perform especially when he is not around. Thus, the robot would act the way the trader would do if he is online 24/7.
Benefits And Setbacks
Forex trading software online is helpful because it facilitates a more hands-off approach when it comes to market trading. All you need is to open an account in a trading platform, buy and install the robot, and set the preferences and goals for the software to proceed to continuous trading. Thus, you would just need to buy the forex robots and leave it to handle currency trading for you.
As for the setback, forex trading software online could be somehow dangerous because it would not take its own legitimate strategy. If your strategy is weak and ineffective, the forex robot would just implement that. Thus, the program is not an assurance that risks could be avoided.
A good example of a forex robot is the FAP Turbo. It is a forex trading software online that has been designed and marketed to help traders implement strategies 24/7 even when they are not around.
Sunday, August 1, 2010
Term Deposits
Term deposits are investments done for a time period where you earn good amount of interest. These are secured investments, coming under the purview Australian Securities and Investment Commission (ASIC). Term deposits are safe place to store money. If a customer wants to break off the term deposits before these mature, he would have to pay a hefty penalty. As the rate of interest remains constant, you don't have to bother about economic changes in your country.
Consider this: a young working couple has just received incentives from the company. They wish to save the money for the future when they would shift their residence from the rented apartment to an apartment of their own. They also wish to save a part of their salary. The interest from this savings would go to deck up their home. This is a case where customers wish to earn, spend, and also maintain their liquid assets. Term Deposits offer a wonderful medium to help this dream a reality. With compound interest that can be withdrawn quarterly or monthly, some people can manage their money well as well as spend a part of it through term deposits.
Secured Investments
Term deposits are investments done for a time period where you earn good amount of interest. These are secured investments, coming under the purview Australian Securities and Investment Commission (ASIC).
Many argue that savings accounts are also safe for long term investments. Why then, investors still go for term deposits? The interest rate provided by the term deposit scheme is far more than savings account interest rate.
Protected Money
Often, youngsters cannot resist spending. Sometimes they spend it aimlessly on furniture, lavish dinners, jewelry, and so on. The result is that you've spent your savings and have not thought about placing the money you'd earn in future for rainy days.
Term deposits are safe place to store money. If a customer wants to break off the term deposits before these mature, he would have to pay a hefty penalty. As the rate of interest remains constant, you don't have to bother about economic changes in your country.
Types of Term Deposits
There are different types of term deposits with lucrative schemes and clauses to attract investors. Some term deposits are for a short period of time. The interest rate can be a little less here. Others are for a longer period of time - say five years. Naturally, the rate of interest is better and allows you to use the term deposits as an asset for future expenditure.
Many people want to collect a part or whole of the interest that is accrued through Term Deposits. You can withdraw the interests after every three or four months and take home the interest that is provided on the term deposits.
Disadvantages
There are some reasons why many enterprising people don't invest their money on term deposits but go for bonds and stocks. The reason is freedom - freedom to use the money whenever they want.
If you wish to get back the money you've put in term deposits, you need to pay a good amount of fine for it. Often, the stipulated time for the term deposits are over but even before you realize it, the deposits are renewed automatically. Naturally, you don't have the option to withdraw it without paying the fine.
Word of Caution
Term deposits look lucrative no doubt. But, they can be used as a pawn to con investors who don't know all about term deposits. Many financial institutes offering term deposits have subtle clauses which can cause harm to customers. The term deposits if not monitored, can be automatically used for another deposit - sometimes at lower rate.
So, reading the terms and conditions of the term deposits, knowing rules of the financial institute that is offering the term deposit interest rates, and finding out the credibility of the financial institute matter a lot before picking up term deposits and locking the money into it. When all these issues are well understood, you can use term deposits as a good source of income and asset earning.
Consider this: a young working couple has just received incentives from the company. They wish to save the money for the future when they would shift their residence from the rented apartment to an apartment of their own. They also wish to save a part of their salary. The interest from this savings would go to deck up their home. This is a case where customers wish to earn, spend, and also maintain their liquid assets. Term Deposits offer a wonderful medium to help this dream a reality. With compound interest that can be withdrawn quarterly or monthly, some people can manage their money well as well as spend a part of it through term deposits.
Secured Investments
Term deposits are investments done for a time period where you earn good amount of interest. These are secured investments, coming under the purview Australian Securities and Investment Commission (ASIC).
Many argue that savings accounts are also safe for long term investments. Why then, investors still go for term deposits? The interest rate provided by the term deposit scheme is far more than savings account interest rate.
Protected Money
Often, youngsters cannot resist spending. Sometimes they spend it aimlessly on furniture, lavish dinners, jewelry, and so on. The result is that you've spent your savings and have not thought about placing the money you'd earn in future for rainy days.
Term deposits are safe place to store money. If a customer wants to break off the term deposits before these mature, he would have to pay a hefty penalty. As the rate of interest remains constant, you don't have to bother about economic changes in your country.
Types of Term Deposits
There are different types of term deposits with lucrative schemes and clauses to attract investors. Some term deposits are for a short period of time. The interest rate can be a little less here. Others are for a longer period of time - say five years. Naturally, the rate of interest is better and allows you to use the term deposits as an asset for future expenditure.
Many people want to collect a part or whole of the interest that is accrued through Term Deposits. You can withdraw the interests after every three or four months and take home the interest that is provided on the term deposits.
Disadvantages
There are some reasons why many enterprising people don't invest their money on term deposits but go for bonds and stocks. The reason is freedom - freedom to use the money whenever they want.
If you wish to get back the money you've put in term deposits, you need to pay a good amount of fine for it. Often, the stipulated time for the term deposits are over but even before you realize it, the deposits are renewed automatically. Naturally, you don't have the option to withdraw it without paying the fine.
Word of Caution
Term deposits look lucrative no doubt. But, they can be used as a pawn to con investors who don't know all about term deposits. Many financial institutes offering term deposits have subtle clauses which can cause harm to customers. The term deposits if not monitored, can be automatically used for another deposit - sometimes at lower rate.
So, reading the terms and conditions of the term deposits, knowing rules of the financial institute that is offering the term deposit interest rates, and finding out the credibility of the financial institute matter a lot before picking up term deposits and locking the money into it. When all these issues are well understood, you can use term deposits as a good source of income and asset earning.
Maintain your Money
Term deposits are investments done for a time period where you earn good amount of interest. These are secured investments, coming under the purview Australian Securities and Investment Commission (ASIC). Term deposits are safe place to store money. If a customer wants to break off the term deposits before these mature, he would have to pay a hefty penalty. As the rate of interest remains constant, you don't have to bother about economic changes in your country.
Consider this: a young working couple has just received incentives from the company. They wish to save the money for the future when they would shift their residence from the rented apartment to an apartment of their own. They also wish to save a part of their salary. The interest from this savings would go to deck up their home. This is a case where customers wish to earn, spend, and also maintain their liquid assets. Term Deposits offer a wonderful medium to help this dream a reality. With compound interest that can be withdrawn quarterly or monthly, some people can manage their money well as well as spend a part of it through term deposits.
Secured Investments
Term deposits are investments done for a time period where you earn good amount of interest. These are secured investments, coming under the purview Australian Securities and Investment Commission (ASIC).
Many argue that savings accounts are also safe for long term investments. Why then, investors still go for term deposits? The interest rate provided by the term deposit scheme is far more than savings account interest rate.
Protected Money
Often, youngsters cannot resist spending. Sometimes they spend it aimlessly on furniture, lavish dinners, jewelry, and so on. The result is that you've spent your savings and have not thought about placing the money you'd earn in future for rainy days.
Term deposits are safe place to store money. If a customer wants to break off the term deposits before these mature, he would have to pay a hefty penalty. As the rate of interest remains constant, you don't have to bother about economic changes in your country.
Types of Term Deposits
There are different types of term deposits with lucrative schemes and clauses to attract investors. Some term deposits are for a short period of time. The interest rate can be a little less here. Others are for a longer period of time - say five years. Naturally, the rate of interest is better and allows you to use the term deposits as an asset for future expenditure.
Many people want to collect a part or whole of the interest that is accrued through Term Deposits. You can withdraw the interests after every three or four months and take home the interest that is provided on the term deposits.
Disadvantages
There are some reasons why many enterprising people don't invest their money on term deposits but go for bonds and stocks. The reason is freedom - freedom to use the money whenever they want.
If you wish to get back the money you've put in term deposits, you need to pay a good amount of fine for it. Often, the stipulated time for the term deposits are over but even before you realize it, the deposits are renewed automatically. Naturally, you don't have the option to withdraw it without paying the fine.
Word of Caution
Term deposits look lucrative no doubt. But, they can be used as a pawn to con investors who don't know all about term deposits. Many financial institutes offering term deposits have subtle clauses which can cause harm to customers. The term deposits if not monitored, can be automatically used for another deposit - sometimes at lower rate.
So, reading the terms and conditions of the term deposits, knowing rules of the financial institute that is offering the term deposit interest rates, and finding out the credibility of the financial institute matter a lot before picking up term deposits and locking the money into it. When all these issues are well understood, you can use term deposits as a good source of income and asset earning.
Consider this: a young working couple has just received incentives from the company. They wish to save the money for the future when they would shift their residence from the rented apartment to an apartment of their own. They also wish to save a part of their salary. The interest from this savings would go to deck up their home. This is a case where customers wish to earn, spend, and also maintain their liquid assets. Term Deposits offer a wonderful medium to help this dream a reality. With compound interest that can be withdrawn quarterly or monthly, some people can manage their money well as well as spend a part of it through term deposits.
Secured Investments
Term deposits are investments done for a time period where you earn good amount of interest. These are secured investments, coming under the purview Australian Securities and Investment Commission (ASIC).
Many argue that savings accounts are also safe for long term investments. Why then, investors still go for term deposits? The interest rate provided by the term deposit scheme is far more than savings account interest rate.
Protected Money
Often, youngsters cannot resist spending. Sometimes they spend it aimlessly on furniture, lavish dinners, jewelry, and so on. The result is that you've spent your savings and have not thought about placing the money you'd earn in future for rainy days.
Term deposits are safe place to store money. If a customer wants to break off the term deposits before these mature, he would have to pay a hefty penalty. As the rate of interest remains constant, you don't have to bother about economic changes in your country.
Types of Term Deposits
There are different types of term deposits with lucrative schemes and clauses to attract investors. Some term deposits are for a short period of time. The interest rate can be a little less here. Others are for a longer period of time - say five years. Naturally, the rate of interest is better and allows you to use the term deposits as an asset for future expenditure.
Many people want to collect a part or whole of the interest that is accrued through Term Deposits. You can withdraw the interests after every three or four months and take home the interest that is provided on the term deposits.
Disadvantages
There are some reasons why many enterprising people don't invest their money on term deposits but go for bonds and stocks. The reason is freedom - freedom to use the money whenever they want.
If you wish to get back the money you've put in term deposits, you need to pay a good amount of fine for it. Often, the stipulated time for the term deposits are over but even before you realize it, the deposits are renewed automatically. Naturally, you don't have the option to withdraw it without paying the fine.
Word of Caution
Term deposits look lucrative no doubt. But, they can be used as a pawn to con investors who don't know all about term deposits. Many financial institutes offering term deposits have subtle clauses which can cause harm to customers. The term deposits if not monitored, can be automatically used for another deposit - sometimes at lower rate.
So, reading the terms and conditions of the term deposits, knowing rules of the financial institute that is offering the term deposit interest rates, and finding out the credibility of the financial institute matter a lot before picking up term deposits and locking the money into it. When all these issues are well understood, you can use term deposits as a good source of income and asset earning.
Maximize Your Profits
The foreign exchange market is the largest financial market in the world and also the most liquid one. It operates 24 hours a day and it can change from one moment to the next. Trading manually, without the help of a software can be very hard to do.
A forex robot can help you maximize profit in a number of ways.
First, there is the matter of speed. A human could never beat the speed of a robot. Just a small delay in selling or buying currencies can cause huge losses. Automated systems can help you overcome this problem, because they never hesitate and they don't ever experience fear or greed. Robots are emotionless and that is a huge benefit, because their decisions are always rational. They are based around pre-defined criteria and rules. On the other hand, during volatile market conditions, human traders may divert from a profitable and proven system due to panic and fear.
What is more, a software never gets tired and never sleeps. Every day a perfect opportunity to make a profit will present itself in the market, but you probably won't be there to grab it. You may be asleep or be at work and the opportunity will simply pass you by. This won't be the case, if you use a forex robot. A robot can execute the trades without having to stop. It can monitor the market night and day and not only with a particular currency pair, but with all currencies. The only thing you will have to do is to set the minimum price below which a specific currency should be bought and the maximum price above which the currency should be sold.
Next and just as important learn to know yourself; understand your own particular frailties and be aware of how they affect your trading decisions. Many say discipline is important but this is only part of it, self knowledge is probably more important as it will help you become self aware of emotional extremes. Over confidence and under confidence - or put a more traditional way 'fear and greed' - describe the cycles of feeling that all market participants go through as they trade. Basically don't trade when you are over confident or the chances are you will give all your winnings back to the market. After a good run of wins you need to be able to walk away from the table just at the moment when you probably feel most confident and most tempted to make another big trade. It is important to remember that no-one can be right every single time and all traders go through losing streaks. This is where you need to develop resilience. It is often the case that in the depths of despair lie the first glimmerings of hope - and glitterings of riches. You need to be able to get through a string of loses and keep trading even when you least want to, as it is often at moments like that, in the depths of despair, that the best opportunities present themselves.forex trading tips
The final most important piece of advice is to keep going whatever. View trading as an art which you have decided to dedicate a portion of your life to mastering not a means to quick riches. The majority of traders give up too soon or lose all their money too quickly and so miss out on the possible wealth they might have made if they had stuck at it. Remember, the longer you trade and the more experience you amass the higher up the ladder you will get. The more experienced you become the more traders there will be in the market who are less experienced than you and from whom you can make money. If you hang in there, there is more chance you will be the one on the right side of the trade not the other way round, so enjoy the ride, make trading fun, love it with a passion and you'll get there eventually!
A forex robot can help you maximize profit in a number of ways.
First, there is the matter of speed. A human could never beat the speed of a robot. Just a small delay in selling or buying currencies can cause huge losses. Automated systems can help you overcome this problem, because they never hesitate and they don't ever experience fear or greed. Robots are emotionless and that is a huge benefit, because their decisions are always rational. They are based around pre-defined criteria and rules. On the other hand, during volatile market conditions, human traders may divert from a profitable and proven system due to panic and fear.
What is more, a software never gets tired and never sleeps. Every day a perfect opportunity to make a profit will present itself in the market, but you probably won't be there to grab it. You may be asleep or be at work and the opportunity will simply pass you by. This won't be the case, if you use a forex robot. A robot can execute the trades without having to stop. It can monitor the market night and day and not only with a particular currency pair, but with all currencies. The only thing you will have to do is to set the minimum price below which a specific currency should be bought and the maximum price above which the currency should be sold.
Next and just as important learn to know yourself; understand your own particular frailties and be aware of how they affect your trading decisions. Many say discipline is important but this is only part of it, self knowledge is probably more important as it will help you become self aware of emotional extremes. Over confidence and under confidence - or put a more traditional way 'fear and greed' - describe the cycles of feeling that all market participants go through as they trade. Basically don't trade when you are over confident or the chances are you will give all your winnings back to the market. After a good run of wins you need to be able to walk away from the table just at the moment when you probably feel most confident and most tempted to make another big trade. It is important to remember that no-one can be right every single time and all traders go through losing streaks. This is where you need to develop resilience. It is often the case that in the depths of despair lie the first glimmerings of hope - and glitterings of riches. You need to be able to get through a string of loses and keep trading even when you least want to, as it is often at moments like that, in the depths of despair, that the best opportunities present themselves.forex trading tips
The final most important piece of advice is to keep going whatever. View trading as an art which you have decided to dedicate a portion of your life to mastering not a means to quick riches. The majority of traders give up too soon or lose all their money too quickly and so miss out on the possible wealth they might have made if they had stuck at it. Remember, the longer you trade and the more experience you amass the higher up the ladder you will get. The more experienced you become the more traders there will be in the market who are less experienced than you and from whom you can make money. If you hang in there, there is more chance you will be the one on the right side of the trade not the other way round, so enjoy the ride, make trading fun, love it with a passion and you'll get there eventually!
Friday, July 2, 2010
Golden Future
Greece received a $143-billion bailout package from two sources, the Euro Zone and the International Monetary Fund.
The Euro Zone is made up of 16 European member states which have adopted the Euro currency as their sole legal tender. The International Monetary Fund (IMF) is an international organization formed to stabilize international exchange rates, etc. and offers highly leveraged loans. Its headquarters is in Washington, D.C.
Since Greece borrowed too much money for too long and now can't pay it back, British economists told the Greek government to "abandon the Euro" and to default on their sovereign debt to save the Greek economy.
When that happens, look for Spain and Portugal to follow. Together Greece, Spain and Portugal have a combined public and private debt totaling $2.6 Trillion according to the economists at The Royal Bank of Scotland. There is no feasible way these countries can pay that debt back.
So, the assumption that the Euro was stable and would last forever is found to be wrong. The life of the Euro may be only months, at the longest a couple of years. Even the citizens of Greece see the looming catastrophe as vendors sell gold coins as fast as their paper assets can be converted.
German citizens, remembering the currency crisis of the 1930's, are rushing to buy gold coins. In the very near future, individual European countries will dump the Euro.
Last year Russia, China and India, along with other emerging countries, with their need to balance vast U.S. dollar reserves, found that the easiest way to do that is to buy gold. [Call Today] 888-98-Buy-Gold BuyMetalsNow.com
Governments around the world promised citizens economic security in the form of pensions and health benefits which they cannot possibly afford.
The US debt problem looms over all of Europe's debt issues. Our financial crisis is just starting. The IMF has said that the gross public debt of the US will reach 97% of GDP next year and 110% by 2015. That kind of debt is unsustainable.
If debt continues to slow our economy's growth, we will never be able to grow our way out of debt. Yet, the Treasury continues to print money, continuing our monetary instability.
Expect the same in Europe, despite the European Central Bank's anti-inflation mandate. In 2009, Central Banks, which used to be net sellers of gold, are now buyers of gold.
Bernard Shaw once said: "You have to choose between trusting the natural stability of gold or the natural stability and intelligence of members of the government. And with due respect to these gentlemen, I advise you, as long as the capitalist system lasts, to vote for gold."
Look at the final phase of the global financial crisis, the destruction of money's value and the shrinking US dollar. The disaster has already begun.
The US is now the single most indebted nation in the history of the world.
But…gold is still the ultimate safe haven, holding its value better than any other asset class.
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