The IMF announced in its latest report that it has plans to increase its precautionary gold reserves on account of rising global risks.
In addition to the IMF's plans to increase its reserves, central banks around the world continue to prepare for currency devaluations by purchasing gold.
“Central banks are expanding reserves due to concerns about the dollar, euro, sterling and all fiat currencies. There is an increasing realization amongst central bankers that gold is a less risky alternative to most paper currencies," said Jim Baird, chief investment strategist at Plante Moran Financial Advisors.
With both the IMF and Central Banks worldwide hedging against the devaluation of fiat currencies, this is a wake up call to investors worldwide! If Central Banks are increasing their gold holdings, shouldn't you be too?!
Be proactive in the protection of your hard-earned dollars and call Capital Gold Group at (800) 510-9594 today!
The representatives at Capital Gold Group are not financial advisors and the information provided in this blog should not be considered financial advice. The past performance of gold investments is not indicative of potential future gains.