March 15, 2013
James O'Dell
March 15, 2013, Los Angeles ? The price to invest in Gold is set to advance for a second straight week, after edging higher by 0.16 percent or $2.50 to close at $1,589.50 an ounce on Thursday, as investors remain wary that the euro zone crisis could reignite amid surging unemployment, while more major central banks are adopting looser monetary policy. The price to invest in Silver eased modestly 0.38 percent or $0.11 to close at $28.77 an ounce, while the Gold/Silver ratio, the number of ounces of Silver it takes to buy one ounce of Gold, climbed to 55.25 as Silver under-performed Gold.
The euro zone economy continues to slump, as gross domestic product (GDP) in the 17-nation region will contract by 0.3 percent this year, marking declines in back-to-back years for the first time in the euro-region's brief history. Unemployment in the euro-area will climb to 12.2 percent, but that figure masks the fact that in some euro member countries the unemployment rate is closer to 26 percent, as it is in Spain.
Meanwhile, cyber-security has become a key part of bilateral talks between the U.S. and China after President Obama and Chinese President Xi Jinping agreed, on Wednesday, to include discussions on hacker threats as part of the regular debate on security and economic matters, said U.S. Deputy National Security Adviser Ben Rhodes. A series of denial-of-service cyber-attacks targeting multiple U.S. banks began on March 12 and continued into Wednesday, reported Carl Herberger, owner of a network security firm, while declining to name the banks.
In the meantime, JPMorgan, the largest U.S. bank, reported on the same day a denial-of-service attack that prevented customers from using the Chase.com website for several hours. ?There is a consistent, persistent threat here that we need to be concerned about as a country,? said Honeywell's David M. Cote. With the potential for disaster growing exponentially as cyber-attacks are launched with increasing frequency on our banks and institutions, investing in Gold and Silver coins adds another layer of insurance against a total loss of cash flow. Don't leave your assets unprotected during these times of economic and geopolitical uncertainty, invest in Gold and invest in Silver and protect your wealth in 2013.?
?You can browse and buy a Gold coin or a Silver bar, quite easily at Morgan Gold and they can be stored in a safe-deposit box if needed. Join our 38th Director of the U.S. Mint, and Morgan Gold?s Chief Strategist, Edmund C. Moy, and?? add physical Gold to your IRA Today.?? Hear Mr. Moy speak on Gold and your retirement. Let our team at Morgan Gold help you diversify your portfolio today by calling us Toll Free at 1.800.585.1773.
We assisted Mr. Moy in setting up his Gold IRA retirement account, and he liked us so much?he joined us. We hope you will too. Let us start you in a new Self Directed Gold IRA or a 401k Gold Today. Get your Gold or Silver IRA today and stay in touch with Morgan Gold's latest news by clicking here Facebook and Twitter. Please join us today and become a fan and a follower.??
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