Gold bullion is a hedge against inflation and a devaluing currency," the financial expert states.
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New York, NY (PRWEB) September 10, 2012
There’s plenty of media focus on the annual meeting of central bankers and market personalities at Jackson Hole, as the common hope for further quantitative easing by the Federal Reserve looms in the air. In a recent article “Best Medicine for More Quantitative Easing: Gold,” Michael Lombardi, financial expert and lead contributor to Profit Confidential, offers new insight on what is the best investment for the small investor based on the Federal Reserve’s plan for quantitative easing; Lombardi believes this will be gold bullion.
Lombardi notes that it may take time, but history has shown that inflation and currency devaluation are the end result of too much money pumped into a country’s financial system.
“Gold bullion is a hedge against inflation and a devaluing currency,” the financial expert states.
In Lombardi’s opinion, the more quantitative easing the Federal Reserve announces, the more reason there is to be bullish on gold bullion.
Lombardi thinks that central banks adding more gold bullion to their reserves could be a sign they are losing trust in the U.S. dollar or in fiat currency in general, and not just trying to diversify their reserves.
“This recent move in gold bullion prices is significant,” argues Lombardi.
He concludes, forecasting that gold bullion prices are starting to reflect their true value and they will continue to move higher from here.
Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300 an ounce. In 2006, it “begged” its readers to get out of the housing market... before it plunged.
Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.
To see the full article and to learn more about Profit Confidential, visit http://www.profitconfidential.com.
Profit Confidential is Lombardi Publishing Corporation’s free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit http://www.profitconfidential.com.
Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardi’s current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six.