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Consumer Inflation Jumps in January Sparking Inflation Worries

A Federal Government report disclosed last week that consumer prices jumped for a second month in a row in January sparking a concern that the overprinting of dollars by the Federal Reserve is raising inflation fears.

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PRLog (Press Release) - Feb. 22, 2011 - A Federal Government report disclosed last week that consumer prices jumped for a second month in a row in January sparking a concern that the overprinting of dollars by the Federal Reserve is raising inflation fears. In times of inflation, the price of gold coins jump as investors buy gold to protect themselves against inflation.

Not only was the prices of gasoline and food up, but the prices of clothes, rent and travel also increased. Overall, the average price of goods and services purchased by Americans was up 0.4 percent from December and up 0.2 percent overall, the highest increase since October 2009.

The rise in consumer inflation should increase the demand for gold coins as people invest in gold. It should also support the price of precious metals with silver coins hitting a 31 year high just last week. The price of gold is expected to increase as the continued expansion of inflation continues.

Global Gold Group has high quality gold bullion coins and pre-1933 gold coins available to help protect your life savings from the current inflation threat. The threat is real and is affecting consumer prices. Protect yourself today – visit http://www.aglobalcurrency.com.

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Source:Global Gold Group
Industry:Finance, Government, Banking
Tags:price of gold, price of silver, silver coin, gold coin, invest in gold, invest in silver, economy, inflation, stocks
Shortcut:prlog.org/11323046
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