PR Newswire | 69 days 18 hours 11 minutes ago
Capital Gold Group Clients Haunted by Lehman Fall 1 Year Later
LOS ANGELES, Sept. 14 /PRNewswire/ -- A year after the fall of Lehman Brothers, Capital Gold Group, Inc. is still helping retirees and investors to diversify and protect what is left of their investment funds and retirement portfolios in tangible gold assets.
During the weekend of Sept. 13, 2008, as the two dozen most powerful bankers in the world were gathered together in an effort to save Lehman Brothers Holdings, Inc. by Treasury Secretary Henry M. Paulson Jr. and then Federal Reserve Bank of New York President Timothy F. Geithner, they were not aware of the financial tsunami that allowing Lehman to fail would create.
Even though the executives of Lehman Brothers predicted "massive global wealth destruction" before they filed the largest bankruptcy in U.S. history, as well as an impact on all financial institutions and the devastation of retail investors and retirees assets, the bankers were too focused on Lehman and missed the bigger picture.
The consequences of allowing Lehman to fail were most critical because they came so close to wrecking the world economy. Millions of investor accounts were decimated and credit markets were frozen, crippling companies and commerce.
In his "Gold Show" radio program heard nationwide, Jonathan Rose, CEO of Capital Gold Group, helps investors to understand the impact of economic events like these on their investment portfolios and what the "shrinking dollar" means to the future buying power of investor assets.
Mr. Rose explained, "Printing money creates inflation, and inflation is the government's way of confiscating the buying power of your money while it sits in your bank account. That means when the government prints money to bailout big companies like GM and AIG, every dollar we own is worth less and buys less. So we all bear the expense of the failure of these large companies, but unfairly, we don't get to share in their profits when things are going well. The only way we can really protect our hard earned money is by converting it into physical gold."
In his newly released book entitled, "End the Fed", Congressman Ron Paul, eleven-term Congressman from Texas and 2008 Presidential candidate, quotes Alan Greenspan's historical article, "Gold and Economic Freedom". Greenspan stated, "In the absence of the gold standard, there is no way to protect savings from confiscation though inflation. There is no safe store of value." And further, "Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process."
Capital Gold Group, Inc. is providing its clients with gold for direct delivery as well as in Precious Metals IRAs in which the accountholder directly owns real gold. Precious metals IRAs are available in Traditional, Roth, or SEP.
In addition, rollovers of 401(k) plans from previous employers into Traditional IRAs holding physical gold are also very much in demand today due to the masses of people losing their jobs who are now faced with self-directing the investment of their retirement funds, with few safe options from which to choose. Gold has long been viewed as a hedge against inflation and currency devaluation and the best way to preserve and protect the value of retirement dollars.
Thousands of Capital Gold Group's satisfied clients hold gold as "portfolio insurance" -- protection against total loss in their investment portfolio and against an ever-shrinking U.S. dollar in an increasingly unstable financial system. As Jonathan Rose explains, "The safety and security of gold is in taking possession of it, putting it somewhere safe, and letting it grow in value. The worse things get, the better it is for gold."
CGG also supplies gold to financial advisor members of its Gold Affiliate Program, a first-of-its-kind program designed to educate, support and supply financial advisors with physical gold and other precious metal assets for their clients.
Jonathan Rose is a recognized speaker and commentator on worldwide gold markets including the United States, China, Singapore, Hong Kong, India and Europe. Capital Gold Group, Inc. has main offices in Los Angeles. They can be reached at 800-510-9594.
Websites:
SOURCE Capital Gold Group, Inc.
CONTACT: Brenda Whitman, Capital Gold Group, Inc., 1-800-510-9594 x295
Web site: http://www.safeasgold.com/
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