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Eagle Bullion Group Analyst Arthur Soriano Asks, 'How Much Do You Trust the Government?'
JUPITER, Fla., Dec. 30 /PRNewswire/ -- Of course we all trust the U.S. government regarding national safety, monetary policy and securing our long-term well-being, right? Perhaps.
"If you could buy shares of the federal government trading on the stock exchange under symbol 'GOV,' would you rush out and buy today? Probably not. In actuality, by holding dollar bills and any dollar-denominated assets, that's exactly what you are doing. Clearly, as long as we have an estimated $400 billion in interest payments alone, printing more money is the only option to pay off an unsustainable debt. It's actually pretty simple: If a corporation owes more than it's worth it would be bankrupt. The fact that U.S. monetary policy is essentially in the hands of Ben Bernanke and the Federal Reserve - which is not a government entity - shows how little grasp our lawmakers have. Our dollar bill says Federal Reserve Note. That gives them the right to debase it ... only as necessary of course. Top analysts anticipate that cash and fixed income instruments will be the worst assets to own over the next decade," said Arthur Soriano, Sr. Market Strategist at Eagle Bullion Group.
What should you do to prepare? "Keeping in mind the long-term dollar devaluation, we urge Americans to protect their purchasing power by allocating funds to precious metals," stated Mr. Soriano.
In recent months some of the most profitable and well-known money managers in market history have turned their attention and huge portfolios to precious metals: hedge fund giant John Paulson, superstar money manager Paul Tudor Jones and legendary investor Jim Rogers. For the first time in years foreign central banks are buyers of gold, which could create major price support. "Having all of the facts and doing homework is important in any form of investing. With that said, if the most successful money managers ever are buyers and central banks fearful of holding U.S. dollars are buying metals, and yet less than 10% of individual and institutional investors own any ... you want to be a buyer now," added Mr. Soriano.
So where do we go in 2010? "Well, we are in a strong bull market trend. Gold gets most of the headlines and will do well. I'm focused on silver, which has outperformed gold and should continue to. The fundamental story on silver is just so compelling as a precious metal and because of its industrial applications. There will be dips, breathers and spikes, but I have a target price of $25/oz within four months," Mr. Soriano predicted. "Every time I think that maybe we've seen the highs I go to http://www.usdebtclock.org, and then we buy more," he quipped.
"Since precious metals rise as the currency weakens - it is likely that higher prices across the board and adverse effects to your personal net worth and standard of living will result.
"But don't worry. The government will fix it. Won't they?" Mr. Soriano concluded.
About Eagle Bullion Group
Eagle Bullion Group specializes in providing investors diversification of their portfolio into precious metals with strategies designed to maximize returns through owning physical precious metals.
Contact: Arthur Soriano - Sr. Market Strategist
phone: 877-638-2538 ext.112
email: arthursoriano@eaglebulliongroup.com
Visit http://www.eaglebulliongroup.com
Disclosure: The information contains forward-looking statements and is not a guarantee of performance. As with all investments, precious metals investing has a degree of risk and potential for loss. Always consider your personal circumstances and suitability before investing. The data obtained was from sources deemed to be reliable. The author and/or associates assumes no liability for any inaccuracies.
This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.
SOURCE Eagle Bullion Group
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