{"id":5030,"date":"2011-07-18T23:30:42","date_gmt":"2011-07-19T03:30:42","guid":{"rendered":"http:\/\/www.pgm-blog.com\/?p=5030"},"modified":"2011-07-18T23:30:42","modified_gmt":"2011-07-19T03:30:42","slug":"gold-closed-at-an-all-time-high-of-usd-1602-10-per-troy-ounce","status":"publish","type":"post","link":"https:\/\/www.pgmcapital.com\/nl\/gold-closed-at-an-all-time-high-of-usd-1602-10-per-troy-ounce\/","title":{"rendered":"Gold closed at an all time High of USD 1,602.10 per troy ounce"},"content":{"rendered":"
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Dear\u00a0PGM Capital<\/strong>\u00a0Blog readers, today Gold our preferred investment vehicle, for the current age of turbulence, hyperinflation and shake-out of the West (USA , EU & Japan) closed a record high of USD 1602.10 an oz. as can be seen from from below chart.<\/p>\n

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As can be seen from above chart Gold has appreciated in the last 10 years with 496.57%, which makes Gold the best preforming asset class of the last decade. The first decade of 21st century (2000 – 2009) is being called the lost decade of the USA, in our opinion the USA will experience the second decade 2010 – 2019 also as a lost decade, their second back to back one.<\/p>\n

Ladies and Gentlemen with debt up to their eyeballs and with an ever increasing trade deficit, the USA has no other choice but to dilute their currency in order to reduce the real value of their debt.<\/p>\n

Gold is acting as the canary in the coal-mine and is giving us an early warning sign, of the disaster that lies ahead. Soon and much sooner than you might think you’ll be seeing Gold appreciating with USD 100.00 an oz a day to soar to values beyond the\u00a0imagination of the common people.<\/p>\n

When this happens, panic might hit and people might start running through the safe haven\u00a0of Gold.\u00a0The problem is\u00a0that when approx 83 trillion USD in bonds and other Cash deposits want to flee into the safe haven of Gold for which there is only 8300 cubic meter above ground available, the price of Gold might shoot through the stratosphere like it did in Germany in 1933<\/p>\n

During the hyperinflation period of the Weimar Republic<\/a> in Germany Gold appreciated from Reichsmark 100 an oz in 1921 to 87 trilion Reichsmark an oz in 1933.<\/p>\n

Ladies and Gentlemen for the sake of humanity we hope that history doesn’t repeat itself, but reality is showing that the West with debts up to their eyeballs hasn’t learned from this painful history lesson.<\/p>\n

Due to this we’ll see Gold keep on shining in short to medium terms.<\/p>\n

Disclosure:<\/strong>
\nCurrently our personal financial asset\u00a0portfolio is over 50% invested in precious metals, like Gold, Silver, Platinum and Palladium \u00a0<\/em><\/p>\n

Last but not least, please consider before investing your risk tolerance and investment horizon and keep in mind that the prices of Gold, Silver and other precious metals, as well as the stock of their producers can be very volatile and that sharp correction might happen in the short time.<\/p>\n

Yours sincerely<\/p>\n

Eric Panneflek
\nChairman<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Dear\u00a0PGM Capital\u00a0Blog readers, today Gold our preferred investment vehicle, for the current age of turbulence, hyperinflation and shake-out of the West (USA , EU & Japan) closed a record high of USD 1602.10 an oz. as can be seen from from below chart. As can be seen from above chart Gold has appreciated in the[…]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,8,10,11,19,12,15,16,1,17,18],"tags":[],"class_list":["post-5030","post","type-post","status-publish","format-standard","hentry","category-commodities","category-debt-crisis","category-eric-panneflek","category-euro","category-financial-news","category-inflation","category-pgm-capital","category-precious-metal","category-uncategorized","category-us-dollar","category-world-economic-outlook"],"_links":{"self":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/posts\/5030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/comments?post=5030"}],"version-history":[{"count":0,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/posts\/5030\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/media?parent=5030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/categories?post=5030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/tags?post=5030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}