by Steve Lodge, Financial Times, 11/13/09

“The investment preferences of the world’s wealthiest families have shifted significantly in favour of gold and other commodities and away from hedge funds in the wake of the financial crisis, according to a survey of family offices and advisers of the super-rich.”

“Madoff, Stanford and bank failures are not necessarily seen as one-offs – families clearly feel they cannot rule out the idea that the failings symbolised by these events are systemic,” according to the survey, which was conducted last month.”

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MK comment: Those who wish to maintain their wealth through increasingly uncertain times will ultimately find their way to gold — no matter which rung they currently occupy on the wealth ladder. Here at USAGOLD – Centennial Precious we have been in the business of helping people “shift” to gold for a very long time. When I listen to our clients’ stories today in the wake of the worst economic crisis since the great depression, I sense gratitude and relief. Gold has done for them all that it advertised. It protected their assets when all else failed and in some cases helped save businesses, professional practices and hard-earned family wealth garnered over generations. Under the circumstances, gold’s coming of age is unlikely to end up a transient event.