Michael Haynes, CEO of APMEX, appeared on CNBC Worldwide Exchange to talk about how Americans lag behind Europeans in using Gold to diversify their investment portfolios. Middle America is just now beginning to realize the importance of Gold in a balanced portfolio.
Michael R. Haynes, CEO, the American Precious Metals Exchange, Inc. (APMEX) told CNBC Worldwide Exchange today that investors need to diversify their portfolios with precious metals, like Gold and Silver, due to the track record of traditional investments over the past decade. “The American population is just now beginning to realize that their 401K turned into a 201K and we’ve got to have something to counterbalance the typical cash, stocks and bonds in our portfolios,” Haynes told Christine Tan of CNBC.
”Europeans buy twice as much physical gold as the citizens of the United States buy. Europeans definitely understand the need to hold something like physical gold as a part of their portfolio because they understand the history of changing governments and changing currencies,” said Haynes.
“Given the turmoil in the world’s financial and political arenas, we are seeing strong worldwide demand for gold and precious metals as an investment,” said Haynes. “Historically, precious metal investing has provided a hedge against economic instability, sovereign risk, and the lowering of U.S. currency values through inflation and the overprinting of currency. Now considered an asset class of its own alongside cash, stocks and bonds, precious metals like gold, silver, platinum and palladium, are an important part of a sensible, efficient, and diversified portfolio approach.”
Michael R. Haynes, CEO of The American Precious Metals Exchange (APMEX), is a 30-year veteran of the precious metal and rare coin markets. Mr. Haynes has served as a board member, president, COO or CFO of nine different public and private companies engaged in the specialty retail, distribution, e-commerce and manufacturing businesses.
About the American Precious Metals Exchange, Inc. (APMEX)
APMEX is one of the world’s largest and most trusted dealers for buying and selling precious metals through the website http://www.APMEX.com and its newly launched mobile e-commerce site at mobile.APMEX.com. APMEX was created to serve as a source where investors could diversify their portfolios with gold, silver, platinum and palladium at very competitive prices with the convenience and security of the Internet and private delivery. APMEX prides itself on educating investors and allowing them to make their own investment decisions.
- APMEX maintains one of the world’s largest selections of precious metal and semi-numismatic items available on the Internet, including the most popular Gold and Silver American Eagle Coins, and the Gold and Silver Maple Leaf Coins
- APMEX provides gold and precious metals access through the Internet to every individual investor around the world who seeks a balanced investment portfolio
- APMEX serves thousands of customers with 401K and IRA approved precious metal investments
Tagged with: 401(k) • American Gold Eagle • American Precious Metals Exchange Inc. (APMEX) • APMEX • Business • Christine Tan • Commodities • Companies • Gold • Gold Bullion • Gold Coins • Gold prices • Gold profits • Industry • Invest in Gold • Krugerand • Markets • Metal • Michael Haynes • Precious metal • Precious Metals • Silver • United States
Filed under: Business
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