Friday, August 26, 2011

THE EUROPEAN UNION ACKNOWLEDGES ON THE MORDERN GOLD RUSH.


The internet and the European press acknowledgement of my articles on the mordern gold rush, due to the current inflation, recession and currencies devaluation, particularly in the USA as informing, fascinating and intriguing at the same time has been pleasing and may pave additional venues in the world wide web blogging through out many European countries, despite various European languages. However, gold purchase as a safe means to protect individual's wealth in the USA has been out-phased by the European counterparts as a means to much money making and lucrative businesses, rather than as the safe means to the protection of individual's wealth, despite the stable value to the European currency the euro, when compared to the USA dollar which has been rated at the value of $1.4415 to a dollar in the world's financial markets and the price of gold has been rated at $1,754.10 an ounce. The much purchase of the precious metal gold in the European markets has been attributed to to the self service purchase of gold from the automatic gold machines that could be found in certain locations, specifically in the banks through out the European Union countries. Besides the seemingly luck of control on the purchase of gold, due to the absence of a legislative guidance.

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