Wealth You Can Wear

Some years ago, the well-known economist Milton Freidman lamented the idea of mankind placing so much value on something you merely dig up from the ground. There isn’t that much gold in the world to begin with. What can you really do with it beyond jewelry and dental work? The answer – plenty.

The people of Burma wear gold medallions around their necks as a hard currency. 401K gold sales are up while the American Dollar is down, Brazil just won the right to host the Summer Olympics, a gold-back Dinar may be in the pipeline and a basket of currencies may well be replacing the U.S. Dollar as the major global reserve currency. Digital gold, gold stocks, global gold mining and Latin American gold mining, as well as gold demand in India (which consumed more than 770 tons of gold in 2007) and China (360+ tons in 2007) are key issues which deserve vigilant monitoring. Source