Recommended by GATA                                         Issue 61| December 8, 2015

   
From the desk of...WORLDWIDE PRECIOUS METALS  
 
WHY You Benefit From Holding Physical Gold & Silver.
Rob McInerney ~ WWPMC
I'd like to briefly summarize why we believe it's important to own physical gold. In the last 16 months Canadians have seen the value of the Canadian dollar drop 35% against the US dollar.
To illustrate how gold protects against central bank devaluation I will offer the following example:
Let's say you had $1 million Canadian dollars in June 2014 when the CAD/USD rate was at par that $1 million Canadian would then be worth the equivalent amount in US dollars.
Today, that same $ 1 million Canadian would be worth $740 000.00 U.S.
Now, had you converted your Canadian dollars into gold in June 2014, today your gold would have a Canadian dollar value of $1.35 Million Canadian, preserving your purchasing power and protecting you from devaluation.
Week in Review Nov. 30 - Dec. 4, 2015
 Written by Precious Metals International, Bullion wholesaler
  • The International Monetary Fund (IMF) this week decided it would add the Chinese renminbi, also known as the yuan, to its basket of currencies that make up its "special drawing rights" (SDR). The renminbi will apparently make up roughly 11 percent of the SDR basket beginning late in 2016 and its inclusion means that currencies such as the euro and pound sterling will give up some ground to make room for it.
  •  The European Central Bank (ECB) concluded its monetary policy meeting on Thursday and the stimulus measures it announced failed to meet market expectations. Mario Draghi announced at the conclusion of the meeting on Thursday that the ECB was not, in fact, expanding its QE program, but would extend the program through March of 2017, cut a key deposit rate further into negative territory and reinvest principal payments on the securities it purchases under the existing QE program.
  • China's services sector, which is the largest contributor to the country's gross domestic product (GDP), slowed in November...Read PMI Week in Review in [The Report]
 
 Reminder!
 
Free Educational Webinars
 
Worldwide Precious Metals Partners with Questrade
Exclusive in Western Canada
 
Hold Physical Gold & Silver in TFSA & RSP Accounts!
December 10, 2015 1:30pm PST/4:30pm EST
 
Seats are limited!
To add Gold, Silver, or other precious metal to your portfolio, call 1-866-623-2002 or fill out our online Information Request Form