China Hoarding Gold As Hedge Against Dollar Devaluation Tangible Investments and GoCoins.com buy and sell rare coins, precious metals, fine art and jewelry.   BBB - Better Business Bureau
 info@gocoins.com Tangible Investments, LLC. | 1910 S Coast Hwy | Laguna Beach, CA 92651 facebook twitter YouTube LinkedIn Google+ Instagram Pinterest Email  
China Hoarding Gold As Hedge Against Dollar Devaluation
Posted February 19th, 2014

TANGIBLE INVESTMENTS - Los Angeles - by James ODell - Gold and Silver prices were slightly lower on Wednesday with Gold at $1,320.62 an ounce and silver at $21.85 an ounce, but investor concerns about global economic growth still support the safe-haven appeal of gold. VTB Capital's Andrey Kryuchenkov says that demand has countered attempts at profit-taking as investors remain undecided ahead of the release of the minutes of the January FOMC meeting.

"More weak U.S. data could allow the Fed to push back tapering and in turn could push back expectations for a stronger dollar ... that could still help the metal to rise towards $1,350 in the short term," said Kryuchenkov. Experts continue to point to the recent spate of inclement weather as the reason for much of the recent troubling economic news. “We certainly cannot blame interest rates, as yields have actually fallen over the past several weeks and therefore have not had much to do with the sharp declines we are seeing in housing and manufacturing,”  says Edward Meir, of INTL FCStone.
 
Meanwhile, James Rickards, noted author of "Currency Wars" makes a pretty good case for why China is hoarding gold, and why it will use that gold to remove the dollar as reserve currency. "I think [the Chinese] have acquired three or four thousand tons [of #gold] secretly, but I don’t think they are done," says Rickards. He says that China is quietly accumulating the bullion in case the U.S. inflates the dollar to pay off our debt to them, they will then use the gold as a hedge. In that way "If we inflate, then gold will go up. So what they lose on the paper, they make on the gold," said Rickards.

It's important to protect your hard earned wealth during these times of economic uncertainty, and at Tangible Investments, it doesn't matter whether you're new to precious metals or a seasoned veteran, you will always be dealing with top industry experts. Take a moment and browse our vast selection of valuable collectibles, then call Toll Free 1.800.741.5014 today and let the helpful staff at Tangible Investments assist you in your next purchase or sale. Have you claimed your FREE COIN yet?



Gallery or Rarities

View our Selection of Rare Coins

Why Choose Tangible Investments?
Contact Form
Name*

Email*

Message


CAPTCHA Image   Reload Image
Security Code*
Subscribe to Our Newsletter
Professional Memberships
Professional Memberships BBB - Better Business Bureau ICTA - Industrial Council for Tangible Assets NGC - Numismatic Guaranty Corporation PNG - Professional Numismatic Guild ANA - American Numismatic Association PCGS - Professional Coin Grading Service
Follow Us
facebook
twitter
YouTube
LinkedIn
Google+
Instagram
Pinterest
Email
Contact Us
Call: 888.655.9255
Email: info@gocoins.com

Hours of Operation
Monday - Friday 10 AM to 5 PM
Saturday 10 AM to 4 PM
Sunday Closed

Huntington Beach:
16121 Beach Blvd.
Huntington Beach, CA 92647

Laguna Beach:
1910 S Coast Hwy
Laguna Beach, CA 92651

Click Here for Directions
Click Here for Directions
HOME      ABOUT US      BUY FROM US      SELL TO US      LOANS      CONSIGN/AUCTION      SERVICES      MEDIA      CONTACT US
Copyright © 2019 Tangible Investments, LLC. All Rights Reserved. Privacy Policy | Terms & Conditions 
PCGS CO-FOUNDER - MORE THAN $2 BILLION TRANSACTED - 200 YEARS COMBINED EXPERIENCE
Coins & Currency - Gold - Silver - Platinum - Watches - Jewelry
Tangible Investments, LLC. | 888.655.9255 | info@gocoins.com
Huntington Beach: 16121 Beach Blvd. | Huntington Beach, CA 92647
Laguna Beach: 1910 S Coast Hwy | Laguna Beach, CA 92651