London, United Kingdom (PressExposure) July 13, 2010 -- "Omega-Trading" analysts have reiterated their advice to clients urging them to protect their wealth from the ravages of inflation despite official figures suggesting it is not yet a problem.
"The numbers say there is little inflation in the US economy but anyone buying gasoline, heating fuel and groceries like fruit and meat products will say otherwise", said one of the analysts.
The situation is worse in the United Kingdom where inflation figures are markedly higher mostly due to sterling's 25% decline against the US dollar since the beginning of the credit crisis but with fuel prices already at record highs and the cost of food rising, the outlook and the remedy likely to be applied pose significant threats to the purchasing power of money.
"Omega-Trading" says that as growth slows on both sides of the Atlantic, the US and UK governments will almost certainly resort to quantitative easing in order to plug the hole left by investors' unwillingness to keep lending them money at cheap rates.
"This will devalue the currencies of those nations" said another "Omega-Trading" analyst. "People need to begin taking steps to protect their wealth and we suggest they hold precious metals including gold and silver in physical form".