Gold Coins Gain as Oil Inventories Fall According to World Financial

Gold Coins Continue to Increase as Oil Spikes to Record According to World Financial. Gold investors buy gold in anticipation of inflation despite shrinking inventories.

I had planned on retiring over the next three years but now it feels like I will have to work a lot longer with everything that I buy going up around me.

Studio City, CA (PRWEB) October 18, 2007 -- World Financial indicates oil inventories have shrunk to their lowest level in five years according to the most recent numbers released yesterday by a major oil producing nation. Here in the U.S. investors continue to buy gold coins. "I just have a hard time believing everything is O.K." said Tim Malone of Woodland Hills CA., "I had planned on retiring over the next three years but now it feels like I will have to work a lot longer with everything that I buy going up around me." Gold coins have helped people like Tim offset the increases that are felt daily with gas prices, food, and electricity and he is certainly not alone.

Now more than ever before investors are trying to protect and grow their assets in a world that is becoming increasingly more competitive and turbulent. With no easy solutions on the horizon, gold coins are becoming the choice of last resort. "I bought gold coins a few years ago and it has made a big difference in the quality of my life. When I see prices on everything rising I am comforted knowing my gold is rising at a rate that is out pacing inflation" says Wesley Stevens, a small business owner in Los Angeles.

With oil prices expected by every major brokerage firm to move past the $100 a barrel mark more and more investors are choosing gold coins over almost every other type of asset class. Inventories on oil will continue to shrink as time goes on and gold mining companies are having a more difficult time locating large deposits of gold. As it becomes more difficult to produce gold, gold coins and bars have to adjust to higher levels. The investment of last resort is quickly becoming the first recommendation of accountants and financial planners. Having gold as the cornerstone of your investment portfolio might be the most prudent strategy in a world of uncertainty.

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