APMEX CEO, Michael R. Haynes, on Bloomberg Radio Discussing Gold and Asset Allocation
07/26/2011

Michael R. Haynes, CEO of APMEX, was interviewed Friday by Kathleen Hays, host of Bloomberg Radio’s “Hays Advantage,” on the rise in Gold prices and why Gold is an important part of asset allocation.

Online PR News – 26-July-2011 – – Last Friday, Kathleen Hays, host of Bloomberg Radio’s “Hays Advantage” show, discussed the asset class of precious metals with Michael R. Haynes, CEO of The American Precious Metals Exchange (APMEX.) During the interview, Haynes said, "The argument to buy Gold is that there is a hole in the portfolio if all you have is cash, stocks and bonds. They have not performed well in periods of high inflation. They have not performed well in periods of high economic stress. Gold has a negative correlation to the S&P 500 – a pretty significant one. If you are looking for a balanced portfolio, it’s important to have some portion in an asset class that works opposite of the S&P 500."

Historically, investors buy Gold and Silver to balance and diversify their portfolios during high inflation periods. With the value of the dollar continuing to spiral downward, the approaching Aug. 2nd dealing to raise the U.S. debt ceiling and the still unresolved Greece debt bailout, many investors have chosen to invest in precious metals.

The argument to buy Gold is that there is a hole in the portfolio if all you have is cash stocks and bonds. They have not performed well in periods of high inflation. They have not performed well in periods of high economic stress. Gold has a negative correlation to the S&P 500 – a pretty significant one. If you are looking for a balanced portfolio it’s important to have some portion in an asset class that works opposite of the S&P 500.

Michael R. Haynes is a 30-year veteran of the precious metal and rare coin markets. He 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 APMEX

APMEX is one of the world’s largest and most trusted online precious metals dealers located at www.APMEX.com and 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 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. New APMEX customers can register for a free account online at www.APMEX.com.

• APMEX maintains one of the world’s largest selections of precious metal and semi-numismatic items available on the Internet, including the popular Gold and Silver American Eagle Coins, and the Gold and Silver Maple Leaf Coins.

• APMEX provides Gold and precious metals access with 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.

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