No 'Gold Shortage' for Capital Gold Group
Published In: Business, California 
Thursday, July 2, 2009 8:13 AM
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LOS ANGELES, July 2 /PRNewswire/ -- Amidst disclaimers and reports of shipping delays from gold companies around the country, Capital Gold Group, Inc., one of the country's largest precious metals providers, has maintained sufficient inventory for investors seeking to protect their long-term savings or retirement in gold.

The strong supplier relationships developed by Capital Gold Group, Inc. over the years have served it well during these times of increasing demand.

CEO Jonathan Rose stated in an interview today that some companies are claiming that the worldwide supply of gold is limited due to market volatility and high demand, and their clients are experiencing delays in the processing and delivery of their gold. Yet, these companies continue to take orders knowing that the shipping terms stated in their contracts cannot be met, resulting in unhappy clients who are unable to cancel their orders once placed, regardless of how long it takes the gold to arrive. Capital Gold Group, however, is fulfilling orders and adhering to its stated shipping times without exception, whether bullion, numismatic, or proof gold purchases.

Capital Gold Group, Inc. provides gold for direct delivery to the client, as well as Precious Metals IRAs in which the accountholder may directly own Proof American Eagles, gold bullion, or other precious metals in their Traditional, Roth, or SEP IRA.

Earlier this year, the U.S. Mint suspended production of the 2009 Proof American Eagles which are often used in Gold IRAs, however, CGG is well supplied with Proof American Eagles minted in previous years, sufficient to fill the demand of clients seeking to protect the value of their retirement funds in Gold IRAs.

Rollovers of 401(k) plans from previous employers into Traditional IRAs holding physical gold are also very much in demand today due to the masses of people losing their jobs who are now faced with self-directing the investment of their retirement funds, with few safe options from which to choose. Gold has long been viewed as a hedge against inflation and currency devaluation and the best way to preserve and protect the value of retirement dollars.

Thousands of Capital Gold Group's satisfied clients hold gold as "portfolio insurance" -- protection against total loss in their investment portfolio and against an ever-shrinking U.S. dollar in an increasingly unstable financial system. As CGG's CEO, Jonathan Rose, explains in "The Gold Show", his nationally syndicated talk radio program, "The safety and security of gold is in taking possession of it, putting it somewhere safe, and letting it grow in value. The worse things get, the better it is for gold."

CGG also supplies gold to financial advisor members of its Gold Affiliate Program, a program designed to educate, support and supply financial advisors with physical gold and other precious metal assets for their clients.

Jonathan Rose is a recognized speaker and commentator on worldwide gold markets including the United States, China, Singapore, Hong Kong, India and Europe. Capital Gold Group, Inc. has main offices in Los Angeles.

Websites:
www.safeasgold.com
www.safeasgold.us
www.IRAgold.com
www.goldIRA.com



SOURCE Capital Gold Group, Inc.


 
Thursday, July 2, 2009 8:13 AM

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