A year after the fall of Lehman Brothers, Capital Gold Group, Inc. is still helping retirees and investors to diversify and protect what is left of their investment funds and retirement portfolios in tangible gold assets.
During the weekend of Sept. 13, 2008, as the two dozen most powerful bankers in the world were gathered together in an effort to save Lehman Brothers Holdings, Inc. by Treasury Secretary Henry M. Paulson Jr. and then Federal Reserve Bank of New York President Timothy F. Geithner, they were not aware of the financial tsunami that allowing Lehman to fail would create.
Even though the executives of Lehman Brothers predicted “massive global wealth destruction” before they filed the largest bankruptcy in U.S. history, as well as an impact on all financial institutions and the devastation of retail investors and retirees assets, the bankers were too focused on Lehman and missed the bigger picture.
The consequences of allowing Lehman to fail were most critical because they came so close to wrecking the world economy. Millions of investor accounts were decimated and credit markets were frozen, crippling companies and commerce.
In his “Gold Show” radio program heard nationwide, Jonathan Rose, CEO of Capital Gold Group, helps investors to understand the impact of economic events like these on their investment portfolios and what the “shrinking dollar” means to the future buying power of investor assets.
Source: Capitol Gold Group
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