Wearing Gold - Savvy Investors Get Olympic-Size Hedge

After the recent jobless claims and reports in unemployment swung the Consumer Confidence Index to depressing record lows (the Index plummeted over 10 points, to 46, reportedly the lowest it’s been since last April), our hopeful and averted eyes turned toward the OLYMPICS, and talk of gold.

Gold Vault Metals Chief Executive Mark Walker is not surprised at the Vancouver B.C. Olympics spurring on an increased amount of interest in precious metal commodities, stating: “Our advisors have had an upswing in the amount of inquiries’ by new clientele regarding Gold and Silver, bars and coins. I believe it is due in part to the fact that precious metals are a tangible investment, a solid complement to an investment portfolio. The fact that it’s available in many increments also appeals to all levels of investors-the nearly rare and finite supply of it-makes it desirable. “

Recent investment shop-talk has gold (the commodity, not the medal) paired up in a kind-of-competitive race with the US dollar. You could say the two are in an Olympic event together, with the dollar on all charts gunning quickly toward bottom and the value of gold, well, winning the medal in a nice even plateau thanks in part to the nature of the event. Like the Olympics, gold trade is international, involving global currencies. So when the EURO contender is thrown in to the competitive mix alongside the Dollar… gold continues to come out as champion.

Take for instance recent Olympic news at Vancouver, B.C. where Bode Miller, US Men’s Ski Team, had his speedy race to finish first place in the downhill super-combined event. When Miller completed the slalom portion of the event, you could see him strain forward as if by sheer will to push a little harder to cross the finish line but the excursion of the winding course proved difficult for other European contenders.

Miller’s aggressive race style, known as “high-risk, high-reward” is what earned him the gold. Gold bullion investment on the other hand is steadier, with its historic safety record and a reliable investment. After all, designers of our Constitution dubbed gold and silver as the bar to which all paper currency would be measured. Says Mark Walker, “Precious metals investing always seems to take on more interest with the Olympic Games, maybe because seeing Gold, Silver and Bronze MEDALS causes people to want to have something they too can hold on to “.

And if ask Bode Miller, he would tell you, “it’s how the race is run”, which also translates to good investment practice.

Source by Dawn R. Walker

Wearing Gold - Savvy Investors Get Olympic-Size Hedge