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C.D Hopkins Metals Division recommends precious metal investing as gold hits all-time high

Despite the United States reaching a deal raising the debt ceiling about $2 million, gold hit an all-time high of $1,642.10 on Aug. 2 as investors flocked to safe-haven assets.

 
PRLog - Aug. 5, 2011 - RAPID CITY, S.D. -- LOS ANGELES – On Aug. 2, the nation sighed with relief as President Obama signed a deal into law raising the debt ceiling from $14.3 to $16.4 trillion. However, the markets didn’t follow suit. Weakened worldwide economic sentiment caused stocks to tumble and gold to rally to an all-time high of $1,642.10.

Though a debt resolution is finally in place, many financial analysts fear the United States will still have its credit downgraded. Additionally, a growing number of central banks -- most recently, Korea and Greece -- are switching to gold, which often boosts metals prices.

“The overall health of the economy is often reflected in the price of gold,” said Chadwick Hopkins, president of C.D Hopkins Metals Division, a national precious metal trading and investment firm.

With debt a recent issue both in Europe and in the United States, Hopkins said he expects gold to excel in the long-term, jumping to $1,850 this year. Government bonds and bullion, along with the Swiss franc, are all expected to thrive.

The new law raising the United States’ borrowing limit has not ameliorated concerns that the nation will have its Triple-A rating cut in half.

“Investors want to prepare for the impending economic crisis – which will still likely include a credit downgrading,” said Hopkins.

For the first time in nearly two years, U.S. consumer spending dropped in June, adding to worries that the economy is worsening.

“Precious metals do well in this kind of economic environment,” said Hopkins. “Not only would I recommend investing in gold, but also adding silver, palladium and platinum to your financial portfolio.”

When they open accounts with C.D Hopkins Metals Division, investors will receive a full range of advice and support related to their precious metal purchases. To learn more, investors should visit http://www.cdhopkinsmetals.com/.

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About C.D Hopkins Metals Division

C.D Hopkins Metals Division is a leading precious metals dealer and financing institution located in Los Angeles, Calif., specializing in gold, silver, platinum and palladium. With a C.D Hopkins Metals Division account, you can purchase precious metals for immediate personal delivery or arrange for convenient storage at an independent bank or depository. C.D Hopkins offers options for financing and selling your precious metals and expert account representatives to fulfill your investing needs. To find out how to open an account, visit http://www.cdhopkinsmetals.com/.

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Contact Email:
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Source:Molly Albrecht, Robert Sharp & Associates
City/Town:RAPID CITY - South Dakota - United States
Industry:Business, Investing, Finance
Tags:C.D Hopkins Metals Division, precious metals retailer, physical commodity dealer, institutional trader, gold bullion
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