New York, NY (PRWEB) June 4, 2008
Baby boomers with a view towards retiring sooner rather than later, are now taking a hard look at their dwindling nest egg. With the extreme increase in the cost of goods and services across the Nation, and the contrasting decline in the value of stocks, inflation is hitting the baby boomer generation hard. Progressive golden age investors are advised to take action now, preferably through precious metals portfolio diversification, in order to stay on track with their retirement plans. Without a change in retirement plan structure, industry analysts are predicting that many baby boomers could remain a member of the workforce a lot longer than they want to.
On April 30th Dr. Bernanke and the Fed cut rates for the ninth time since august of last year. This cut could hit the American baby boomer generation hardest of all. Combined with a slowing US economy and an equity market that is taking an obvious thrashing, this is very bad news for aging Americans who are moving quickly towards senior citizen status and depend on solid investment growth to combat current and future rates of inflation. Industry experts such as CGE strongly assert that gold is the only true recession proof investment alternative.
According to a new report released by Citigroup in NYC, the price of gold will continue to increase significantly for the remainder of 2008, and continue to rise through 2010. Citibank mining and metals analyst John Hill stated, "Longer-term, we would not be surprised to see gold prices double from current levels as the global policy prescriptions for the credit crunch remain powerfully and uniformly re-flationary".
For aging Americans looking forward to a comfortable retirement, the one commodity that is not affected by a volatile economy and always outperforms in the face of financial adversity is gold. For many years now, Certified Gold Exchange educates investors about the importance of portfolio diversification through precious metals.
Interested baby boomers can learn more about investing in precious metals and receive a complementary copy of the CGE publication "2008 Gold Insiders Investors Guide", by visiting Certified Gold Exchange (CGE) online at http://www.certifiedgoldexchange.com or by calling 1-800-300-0715.
About Certified Gold Exchange
Certified Gold Exchange, Inc. (CGE) is a leading precious metals trading platform in North America, backed by an impressive PriceMatchPlus® Guarantee. CGE boasts a best of breed team of highly qualified, industry leading professionals, who conduct expert analysis and research on behalf of clients. CGE provides institutional and household investors with real-time quotes when buying or selling gold, silver and platinum products. For more information, call CGE at 1-800-300-0715.