Gold Buying Spree Signals East vs West for Gold Bullion Coins

Universal City, CA (Vocus) September 12, 2010

Gold buying spree in the East has signaled an almost unmentioned war for control of physical gold among countries according to US gold dealer Regal Assets. While the United States still holds more physical gold than any other country, there is a shift taking place that will dynamically change economic leadership. China recently became the number two economic world power displacing Japan and has started internal programs within the country to buy gold for its banks and other organizations. Other countries have started to follow Chinese example as China is expected to become the number one world economic power.

The International Monetary Fund (IMF) is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. The IMF is the third-largest holder of gold in the world and the number one provider of gold bullion coins to foreign countries. They recognize gold as an undervalued asset that provides fundamental strength to an economy.

The IMF has opened up the market to the availability of 403.3 tons of gold bullion from it’s stock pile. India has already purchased 212 tons or half of this inventory for the Reserve Bank of India. Overall central banks in the global community have increased their gold bullion reserves up 15% over last year. The Bangladesh gold purchase of 10 metric tons for about $ 403 million demonstrated that poorer countries refused to be left behind.

While the price of gold recently hit an all time high of $ 1256.60 in June of 2010, most experts agree that gold coins are still a great buy and expected to be valued at $ 2000 in the next 3 to 5 years. The consensus is that gold is the only proven medium to hedge against inflation and maintain its value against paper currency during a financial crisis. Another thought is that the US dollar will continue to devalue and it could take over $ 5000 to purchase one once of gold as inflation prevails over the next decade.

Gold dealer Regal Assets is encouraging Americans to take into consideration the global financial environment and apply it at a personal level. Regal Assets allows gold to be purchased online or over the phone and shipped Fedex three day delivery to the purchaser’s home address. They encourage anyone looking to invest in gold to have it shipped for physical possession or have their retirement plan backed by gold in the form of a gold IRA. A gold specialist can be reached by phone at 1-888-700-9887 or online thru live chat at


Related Reserve Bank Of India Press Releases

Tags: , , , , , , ,

Comments are closed.

CIGI Experts Outline Prescriptions for Cannes Summit and Beyond in Special Report on G20 Issues

Waterloo, Ont. (PRWEB) October 20, 2011 With a possible euro zone collapse and Greek insolvency likely to dominate the upcoming [...]

Pathways Home Health and Hospice Satu Johal Receives CFO of Year of the Year Award; Silicon Valley Business Journal Honoree

Sunnyvale, California (PRWEB) December 02, 2011 Satu Johal, CFO at Pathways Home Health & Hospice, received the Silicon Valley Business [...]

Latest Financial Regulation News

Working Together Towards Better Financial Regulation and Stability in Asia Image by Asian Development Bank Tellers attend to clients in [...]

European financial regulation – 4 questions to Olivier Garnier (Societe Generale)

Olivier Garnier, Chief economist at Societe Generale Group, expresses his view on European financial regulation and its reform. Video interview [...]

AMS Health Care Mortgage Corporation Provides Debt Service Savings to Hospitals Utilizing FHA 242 Mortgage Insurance Program

Jacksonville, FL (PRWEB) August 30, 2013 An oft-overlook and relatively unknown federal program for hospitals seeking capital for needed and [...]

Vermont’s Captive Insurance Industry Off to Best Start Since 2005

Montpelier, VT (PRWEB) April 16, 2012 First quarter licensure of new captive insurance companies is off to a strong start [...]