Worldwide Scope: “HCS Worldwide” – (Flight-to-Quality Supports Gold)

PR Log (Press Release) – Oct 23, 2008 – “HCS Worldwide” analysts expect investors to experience a moment of clarity on gold as governments try to reinflate the global banking system through wholesale monetary expansion according to a commentator familiar with strategy at the European-based wealth manager.

“HCS Worldwide” are thought to believe that it is the intention of governments around the world to inflate their currencies to reduce the burden of debt on their balance sheets.

The “HCS Worldwide” source said that governments will inevitably be reluctant to increase taxes to help meet their obligations and so will elect to shrink the debt burden by reducing the value of the currency in which the debt is denominated. This will drive up the price of gold and other commodities priced in dollars.

Gold has traditionally been seen as a store of wealth and has recently seen a surge in investor interest as turmoil grips world markets.

“HCS Worldwide” have advised clients to invest in gold and related mining stocks via ETFs other selected methods.