Demand for Physical Gold Breaking Records Says Capital Gold Group CEO
Jonathan Rose, the President and CEO of Capital Gold Group, Inc., one of the country's premier providers of physical gold assets, stated that the demand for physical gold as a hedge against losses in paper assets such as stocks and the US dollar is breaking records.
As for those concerned about whether it is too late to enter the market, Mr. Rose was quoted as saying, "A lot of people wait to buy gold. Instead, people should buy gold and wait."
Considering gold's inverse relationship with the dollar, a shrinking US dollar bodes well for gold. The US Dollar Index has lost over 30% since 2001, and continues to decline, while gold has risen over 300%.
Mr. Rose believes that investors have a much better chance of recovering losses in the market by holding gold instead of stocks.
http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&STORY=/www/story/05-20-2009/0005029808&EDATE=
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