“Mann International”– International Commodities-(West’s Gold Opinion Irrelevant)
(NewDesignWorld Press Release Center) -- September 12th, 2009, New York, USA- “Mann International”: Asia’s love affair with gold set to continue.
“Mann International” the Asian-based investment broker believes that the developed economies’ opinion of gold to be largely irrelevant because the precious metal is still seen as the number one store of wealth by many in Asia.
Chinese and Indian investors and consumers alike regard gold as real money and whilst their economies make extensive use of paper-based currency, many still choose to use the yellow metal as a store of wealth.
Sources close to “Mann International” say that, by and large, gold has been depicted as a relic by Western economists who cite the fact that it pays no interest, no dividends and therefore, offers no incentive to the investor to hold it. Advocates, however, counter by arguing that gold does not depend on anyone’s ability to pay unlike stocks and derivatives.
“Mann International” analysts remain bullish on the long term prospects for gold given the likelihood of a continuation of the quantitative easing policies of several central banks, most notably those of the UK and the US. The firm advises clients to acquire gold using selected ETF vehicles and actual physical bullion.
“Mann International” sources said that the over-whelming consensus at the firm is that despite statements and reassurances, Asian nations are committed to diversifying their foreign currency reserves to reflect a move away from the US dollar and towards hard assets like gold and oil.
http://www.manninternational.com
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