Bank problems in
Europe have hit the markets and caused aggressive drops in the Dow and other
stock indices.The Dow is trading down
346 points, which is slightly above the lows.The Nasdaq is down 85 and the transports are down 171 points.Gold is up $42 and silver is trading at
about unchanged.Platinum and palladium
both posting solid gains as well, even though oil is down sharply trading at
$91.59 after hitting a low of $88.89 a barrel.
Safe haven demand
for gold is on the increase and driving gold higher.As gold moves up, it prompts short covering, which adds to the up
move.The Fed has indicated it is going
to double it's Treasury Auction facility, putting $900billion of liquidity into
the system and taking approximately $900 billion worth of junk assets off of
the books of the banks.Meanwhile,
there is a severe crisis in Europe as the European banks are suffering similar
credit seizure.Several governments
acted to guarantee deposits.The euro
has fallen the most against the Japanese yen since 2007.It literally experienced a one-day
collapse.What we are seeing now are
global bank runs of epic proportions.
Investors who understand
this have been moving to gold for sometime.Last week, the Swiss ETF holdings rose 18.5%.Frank Lesh, analyst with Futurepath said today: "This is called a
flight to safety."Dow Jones Wire
Service says: "Market participants are turning to gold as global stock bourses
tumble amid on going worries about economic conditions."Another trader describes gold as: "One of
the few safe havens" where investors appear willing to put their money at the
moment as global capital markets "implode".
Given the severity
of this credit crisis and the fact that equities are collapsing, investors
should be moving at least a portion of their holdings to gold for safety.Remember in the ultimate crisis, as former
Fed Chairman Greenspan said, paper currencies are desired by no one, while
everyone wants gold as the ultimate form of money.
Investors should
make sure they have a proper diversification into gold assets.If you have not gotten into gold yet or if
you need to add to your holdings, call Goldline at 1-800-827-4653.Have them assist you in augmenting your
position.In volatile markets like
this, you may wish to consider utilizing Goldline's Price Guarantee Program.That program gives you a two-week window of
opportunity to re-price your transaction in the event of a further
correction.Those who would like to
receive free information on investing in gold and to understand some of the
analyst's comments and opinions on the reasons why the financial markets are collapsing,
call Goldline at 1-800-827-4653 for the free information package.
Investors should
contact Goldline and ask them to explain the features, benefits and cost
structure of the various gold and silver investments that are available to
you.Select those that best meet your
own personal and individual investing needs and objectives.Investors looking for low transaction costs
may wish to consider bullion assets such as American Eagles, Krugerrands,
Canadian Maple Leafs, Silver Bags or Silver Bars.However, the Price Guarantee Program is not available with these
assets.
If you would like
to take advantage of the Price Guarantee Program, which provides you with a
two-week window of opportunity in which to re-price your order in the event of
a correction, you must select assets with some collectible value such as Swiss
20 Francs, Double Eagles and Silver Dollars.When you acquire $6,000 of private gold, you will receive a free gold
coin.Investors may wish to consider a
tube of these coins to obtain two free coins.Call Goldline at 1-800-827-4653 for further information.
To receive the free information
package including the four articles on the dollar, the economy and gold call
Goldline at 1-800-827-4653.Goldline
also provides several other helpful articles.There are a number of other independent third party source articles that
you will find extremely helpful and informative.You will also receive the Client Account Agreement, a company
brochure and a Coin Facts Risk Disclosure Booklet, read these carefully before
you make an investment.Call Goldline
now to receive your free information package at 1-800-827-4653.
You should carefully read the client Account Agreement and the Risk Disclosure information.
These explain important things you need to know before you invest in precious metals, such as:
past performance does not guarantee future results. Transaction costs are generally 5% to 10% on
bullion and 30% to 35% on coins. This is also referred to as the spread, or the difference
between the buy price and the sell price. The market must go up enough to overcome this spread
before an actual profit is achieved. All markets go up and down. Coins are a long-term, three- to
five-year, preferably five- to ten-year investment, suitable for 5% to 10% of the average
portfolio. Please see Goldline's Risk and Disclosure Statement for further details.
The American Advisor with Joe Battaglia, a daily talk show focusing on conservative investments for tomorrow. Click here to listen to The American Advisor.
Goldline's success, growth, and experience have allowed us to acquire other outstanding precious metals firms including Deak International Goldline (US) Ltd. from Thomas Cook; Gold and Silver Emporium (asset purchase); and Dreyfus Precious Metals, Inc.
