Smartphone App Draws Investor Focus to Precious Metals As Signs of Hyperinflation Weaken Us Currency
Los Angeles, CA --- For years, the world?s leading
investors have been attracted to physical commodities such as gold, silver,
platinum, and palladium as a way to hedge and protect the value of their
investments. That is because unlike stocks, bonds, and future-based commodities
that can provide high but often unpredictable returns,
gold and silver tends to hold its
value, offering returns that are mostly in-line with the current price of the
raw material. However, when people choose to invest on their own, many are
unaware of the benefits of physical commodities, or make the decision to buy
expensive ETFs that are stockpiled with bulkier materials and storage fees.
Designed for new investors and those already familiar with gold and silver,
Wooten Technology announces the release of the Investing in
Gold and Silver App for the iPhone and
iPod Touch, which is the first-ever app to provide individual investors with
important information and tools about investing in gold and silver.
Wall
Street Journal reported that by the end of 2010, more than $77 billion in assets
were invested in gold and silver, as opposed to the $24 billion invested in
future commodities and currency, according to IndexUniverse.com. After being
majorly hit by the stock market in 2008 and now with higher inflation, investors
are looking for a greater degree of comfort. The change may also be the result
of lowering US currency values due to hyperinflation, which is triggered --
among several reasons -- by overprinting of currency. After central banks pumped
up to $50 trillion of non-backed dollars into the economy to rebound from the
economic collapse in 2008, they failed to recover it quickly enough to avoid
over inflation. Thus, bringing down the value of investments backed by this
currency.
Why leading investors like Mike Maloney, Robert Kiyosaki,
James Turk, and Bill Murphy invest in gold and silver: Put simply, gold and
silver offers the most predictable returns right now. As its value rises, the
value of your investment will be at least what you paid for it. But investing in
gold and silver is not as simple as buying a gold or silver stock or ETF. You
should know how much to invest, which stocks are performing well, and how to
avoid ETFs that have been loaded with expensive materials (a current trend for
fund operators) that will bring down the value of your investment.
How
the Investing in Gold & Silver App will help you make better decisions when
investing in gold and silver: Key state-of-the-art features include:
-
Real-time delivery and daily updates on current events: You will have access to
daily real-time updates on government news and debt alerts around the world, and
how they influence your investments.
- Expert advice from the market?s
leading authorities: See how the world?s leading investors weigh in on the
economy and use their advice to make smarter investing decisions.
-
Information delivered in a variety of convenient formats: While most apps offer
information in text form only, the Investing in Gold and Silver App provides
text, audio, podcasts, videos, and photographs so that you can receive
information in a way that is convenient for you.
- Full-length movies and
podcasts for you to enjoy while on the go: Access information anytime, with the
ability to watch full length movies and documentaries on your iPhone and iPod
Touch. Also, listen to podcasts about your investments from leading experts and
analysts.
The Investing in Gold and Silver App costs $2.99 and is
available for download on February 16, 2011 through iTunes. For more
information, visit
http://www.goldsilverapp.com
.
ABOUT WOOTEN TECHNOLOGY:
Based in Los Angeles, CA, Wooten
Technology is an online technology and mobile applications developer
specializing in software from Apple, Droid, and BlackBerry, as well as internet
marketing software and products. Wooten Technology is also the creator of the
Music Producer Assistant App, which was launched through iTunes in October
2011.
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