"Sun Worldwide" - Gold Rockets On Investor Fear

Miami, Florida (PressExposure) March 04, 2009 -- Sources close to Sun Worldwide suggest that the firm believes that recent surge in the price of gold is indicative of realization by investors that banking and economic problems are unlikely to resolved by the huge sums of money being printed by global central banks.

Gold prices have risen sharply even as the US dollar has rallied and this, said one of the Sun Worldwide sources, is significant because the two usually trade inversely to each other.

Gold has traditionally been seen as a safe-haven in times of financial uncertainty and profligate government spending.

Sun Worldwide analysts are thought to believe that investors are losing faith in the viability of the US dollar as a store of wealth and, although some are still seeking safety in US Treasury bonds, many are turning to gold which continues to gain traction against all paper currencies.

US bonds have been continually eschewed by Sun Worldwide on account of the record low yields and the very real possibility that when investors' capital is returned upon maturity, it will have significantly less purchasing power especially as the US government has pledged trillions of dollars in bailouts and stimulus packages.

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Press Release Submitted On: March 04, 2009 at 11:18 pm
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