Dr Balwant Singh’s Hospital subsidising dialysis cost

first_imgIn light of the increasing need of dialysis treatment for patients suffering with kidney failure complications, Dr Balwant Singh’s Hospital has now subsidised the cost for treatment.Dr Balwant Singh’s HospitalAs of September 1, the hospital is now charging patients $12,000 per dialysis session, a 20 per cent decrease from the original cost of $15,000.According to the Dr Balwant Singh’s Hospital, the move to lower its price for dialysis treatment is because of the great need for dialysis conducted under “adequate supervision” which is done by their in-house nephrologist.Chief Executive Officer (CEO) of the Hospital, Dr Madhu Singh stated that there should be careful consideration when obtaining dialysis treatment.She explained that the Dr Balwant Singh’s Hospital’s resident Nephrologist, Dr Justo Tamayo has been in Guyana for over one year and oversees dialysis as well as does routine checks on their dialysis patients.Meanwhile, Dr Velazquez said that the incidence of renal failure in Guyana is high because of the extremely high prevalence of chronic diseases such as diabetes and hypertension.“Patients need to be educated in the risks of not taking their medications and making lifestyle changes…Early diagnosis and treatment of renal impairment is essential to a good outcome. Prevention of chronic diseases such as diabetes is better than dealing with the complications”.The Regulations to the Health Facilities Licensing Act 2007 (Act No 26 of 2007) in Section 28, requires that every Dialysis Centre be supervised directly by a nephrologist.Hemodialysis is a treatment that filters and purifies the blood using a machine. Dialysis keeps the fluid and different molecules and ions in your blood in balance when your kidneys cannot carry out this process efficiently. Most patients on dialysis have sessions done about two-three times per week, in order to maintain a good fluid and electrolyte balance. The dialysis treatment process is not standard and it is often tailored to a patient’s needs in order to maintain fluid levels and other parameters within the desired ranges.Currently, the hospital’s dialysis centre has five machines, and plans are apace to expand this number to eight within the next month. An average of 200 to 300 dialysis sessions per month are conducted for outpatients.last_img read more

Paddle for the Peace approaching

first_imgResidents of the Peace Region are going to have to start brushing up on their J-stroke technique. On Saturday, July 9 the 6th annual Paddle for the Peace will be starting at the Halfway River Bridge off Highway 29. This year, the event will feature fun-filled activities throughout the entire day, including a pancake breakfast and performances from a variety of local musicians. For more information on the Paddle for the Peace, or if looking for a boat to ride in, please contact Danielle Yeoman at 250-785-8510.- Advertisement –center_img Registration for the paddle costs $5 for adults and anyone under the age of 13 is able to participate for free. Participants are asked to supply their own kayak or canoe.     Registration for the event will begin at 9 a.m. and will close at 11 a.m., with the 2 hour paddle launching at 12 p.m. The paddle will conclude at Bear Flats, on the east side of Highway 29.last_img read more

Exclusive – Juventus close in on Manchester United star

first_img Patrice Evra at the 2014 World Cup 1 Juventus are close to completing the signing of Manchester United defender Patrice Evra.The Italian champions have agreed a £2m fee for the French international who will join the Serie A giants on a two-year deal.Evra joined United from Monaco eight years ago and signed a new one-year extension at Old Trafford in May.However, talkSPORT understands the Red Devils have agreed a cut price deal with Juve for the full back and will not stand in the French international’s way.It’s understood the left-back is leaving Old Trafford due to family reasons. United were planning on Evra acting as a mentor for new signing £30m signing Luke Shaw.The move could open the door to a Premier League switch for Arturo Vidal, who is hotly tipped to be playing at the Red Devils next season.last_img read more

Dortmund drop Aubameyang for discipline breach

first_imgBefore kick-off against Wolfsburg, Dortmund coach Peter Stoeger revealed that Aubameyang was kicked out of the squad for missing a team meeting on Saturday.“He claimed to have forgotten about the meeting, but we all know that was not the case,” Stoeger told Sky.“He didn’t come and it was an important meeting for team spirit.“It means he can have his position back next week.”Swedish teenager Alexander Isak started up front instead of Aubameyang in only his third German league appearance, having previously played just 13 minutes of Bundesliga football in his career.“He (Aubameyang) was a bit surprised, he didn’t take it so seriously, but for us, the case was clear,” added Stoeger.“If he doesn’t want to be here, we will give his position to another guy who will be completely focused.“We are relatively relaxed. We know he’s a very important player, but the boys also know they can win without him and Isak looked good in training in the last two weeks.”This is the second time this season Aubameyang has been dropped by the club for a breach of discipline.He was left out in November for an unauthorised video shoot at the club’s training ground and after turning up late for training.And last season he was dropped for flying to Milan to visit family just before a Champions League match.The timing of Aubameyang’s latest transgression is especially unfortunate after Borussia Dortmund CEO Hans-Joachim Watzke defended the striker on Saturday in an interview with daily newspaper Die Welt.Aubameyang was the subject of negative headlines in the German media last week for checking his father and brother into the team hotel during a winter training camp in Spain, criticism which Watzke felt was unjustified.“In all this scrutiny, which is an extravagence as far as I am concerned, we mustn’t forget one thing: Pierre-Emerick Aubameyang is a total professional,” Watzke told Die Welt.0Shares0000(Visited 1 times, 1 visits today) 0Shares0000Aubameyang was dropped again by Borussia Dortmund for ill disciplineBERLIN, Germany, Jan 14-Borussia Dortmund dropped star striker Pierre-Emerick Aubameyang on Sunday for failing to attend a team meeting — the third time he has been disciplined by the club in two seasons.The 28-year-old Gabon forward, who has hit 13 goals in 15 league games this season, was left out of the squad for Sunday’s Bundesliga match at home to Wolfsburg, the club said on their Twitter account, for “disciplinary reasons”.last_img read more

RITA COLLECTS HER DREAM-MAKER CHEQUE FOR €20,000

first_imgHERE’S one very happy lady.Rita McElhinney from Manorcunningham, won €20,000 as the Dream Player on the National Lottery Winning Streak TV Gameshow held in RTE last Saturday, 12 January 2013.Pictured at the presentation of winning cheques were from left: Marty Whelan, Gameshow Host, Rita McElhinney, winner, Declan Harrington, Head of Finance The National Lottery and Geri Maye, Gameshow Host.  RITA COLLECTS HER DREAM-MAKER CHEQUE FOR €20,000 was last modified: January 14th, 2013 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:000RITA COLLECTS HER DREAM-MAKER CHEQUE FOR €20last_img read more

FORGET DANIEL – DONEGAL PAIR ARE CROWNED ALL-IRELAND JIVING CHAMPIONS

first_imgDonegal dancing duo Josie Murray and Charlene Murray have been crowned All-Ireland Jiving Champions for the second year-in-a-row.The pair tasted All-Ireland success for the second time at the event – which was held in Gort, Co. Galway on Saturday evening. The pair were competing in the annual All-Ireland rock’ n’ Roll championships – which always draws a huge number of participants who battle it out for the coveted prize.What makes the win all the sweeter is the fact it’s very much a family affair – as Charlene is Josie’s niece.Well-known Donegal personality, Josie Murray, owns the very popular and successful bar ‘Josie’s Bar.Josie is also a fabled martial arts expert – who has won multiple world titles during an illustrious career. Josie has also previously won an incredible EIGHT jiving titles at the All-Ireland championships.Charlene told Donegal Daily, “We’re absolutely delighted to have won the competition again, and we’ve been overwhelmed by the support.“We’re delighted to be given the opportunity to represent Donegal and to win another All-Ireland is very special.If anyone wants to learn how to ‘jive’ from the current All-Ireland champions then you can every Thursday night from 7.30pm – 9.30pm.Well done to Josie and Charlene on their incredible achievement.FORGET DANIEL – DONEGAL PAIR ARE CROWNED ALL-IRELAND JIVING CHAMPIONS was last modified: October 19th, 2015 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Featuresnewslast_img read more

Beauty: Top tips for head-to-toe summer prep

first_imgBeautician Lorraine Quinn from Beauty at the Lodge Ballybofey has a guide to getting your skin, health and beauty ready for the summer season. It’s getting warmer out there, which means you’re probably thinking about shedding the sweaters and even (gasp!) going sleeveless! But then you may look at your skin and think, hm, am I quite ready to show that off.Beauty at the Lodge have a fantastic selection of summer beauty packages on offer this month, check out the Facebook page here to browse the treatments. Here are Lorraine’s tips to get you ready for the summer:Set yourself a goalWhether you want to lose a few pounds, perk up your butt, or tone up all over, figuring out what you want to accomplish is the first step. Once you commit to a goal (like, “I want to lose 10 pounds by July”), break it into smaller, more manageable pieces, so you can work toward it on a weekly and daily basis (think: “I want to lose 1 pound per week”) and achieve it just in time for summer.Nourish your body to achieve your health goalsExfoliate to reveal beautiful skinHuman skin has an extraordinary ability to regenerate itself. In the process, dead skin cells can hang out on the outermost layer, making your legs, torso, and arms look dry, dull, and scaly. One of the easiest ways to rectify the situation is to exfoliate.Tip: I personally prefer dry exfoliating. I feel exfoliating in the shower is a waste of your product. When the body is wet, your product is just slipping and sliding off your body, which means your really not getting a good firm scrub. Just before you get into the shower wet your finger tips pour some product and rigorously exfoliate your skin then step into the shower to rinse.your skin will definitely know it’s been exfoliated! Moisturize immedialty after. Hydrate, hydrate, hydrateDrinking water is a fantastic habit to start now since it makes your skin glow, fills you up, and can help reduce the appearance of cellulite. Add lemon and cucumber slices or frozen berries to your water. It adds some subtle flavour and vibrant colour to your water, which will encourage you to drink more throughout the day.Mini Mi WrapFor those women & men that have stubborn areas they can not shift.Mini Mi is a non-invasive body wrap treatment that we love here at Beauty At The Lodge, it is designed to offer you a more sculpted body with lasting results.It is the industry’s leading body wrap, as seen on TV3’s Xpose and used by many celebrities.This treatment has the power to help you drop a dress size in a single treatment. ✔️Results visible immediately✔️improves skin tone, tightens and firms.✔️ helps reduces the appearance of cellulite.✔️No messy bandages ✔️Once the fat is gone it is gone✔️lose inches whilst you sleepWill the results last?Mini Mi is an excellent jump start to a new and slimmer you. For the fat to come back, new fat has to form which would happen if a person continued to eat excess calories. Combine the Mini Mi with exercise and healthy eating for optimum results.Take advantage of our Special Mini Mi Offer at Beauty at the Lodge! A course of 6 treatments for the price of 5 – the package is just €300, normally €360. Call 074 91 30446 to book.Feet FirstMost of us tend to forget about our feet during the winter and panic when sandal season arrives. We have the perfect treatment for you here at Beauty at the Lodge that gives fantastic results. Callus Peel will leave your feet super smooth and ready for the beach!It’s all about the eyesEyelash extensions are ideal for holidaysThere’s nothing worse than panda eyes when exiting the pool, but once that summer humidity hits, even your favorite waterproof mascara doesn’t stand a chance. With eyelash extensions, mascara can be a thing of the past. Add length and volume and wake up every morning looking fabulous!Eyelash ExtensionsEyelash ExtensionsLVL Lashes are also a great option. Get length, lift and volume using your own natural lashes, which last up to 6 weeks.Click here to visit our Facebook page for all the packages on offer this summerTo book any of the above treatments and more at Beauty at the Lodge Ballybofey, contact us now to make an appointment: www.facebook.com/beauty.at.the.lodge.ballybofey Call: 074 91 30446Salon Opening Hours:Mon – Fri 9am to 9pmSat – 8am to 6pmLorraine xBeauty: Top tips for head-to-toe summer prep was last modified: May 4th, 2018 by Lorraine QuinnShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:Beautybeauty at the lodgeeyelasheslorraine quinnmini mesummerlast_img read more

How the family of African states helped end apartheid

first_imgThe victory over apartheid was a collective effort. Help from other African countries was decisive in the struggle. From bases in Angola to military help in Zambia, they all played a role.There are two entrances to the Apartheid Museum in Johannesburg − one for whites and another for non-whites. This was the reality during apartheid. (Image: Brand South Africa)Priya PitamberJust two weeks after he was released from prison, Nelson Mandela departed on an 18-day foreign tour to thank the countries that had helped the liberation movement to end apartheid.The Frontline States, as they were known, where countries close to South Africa and included its neighbours, Namibia, Botswana, Zimbabwe, Mozambique, Swaziland and Lesotho as well as those further north: Angola, Zambia, Malawi and Tanzania. They played a vital role in supporting the African National Congress (ANC) when it was banned, as well as the many members and other political activists who were forced into exile.“It became crucial to cultivate and maintain overseas sanctuary, support and funding,” wrote Professor Padraig O’Malley. “But it was equally crucial to have the co-operation of independent African states closer to home. These could provide sites for military training; they could also become launching pads from which to infiltrate South Africa and impose other pressures on the apartheid government.”Irish born O’Malley is Professor of Peace and Reconciliation at the University of Massachusetts Boston, US, and Visiting Professor of Political Studies at the University of the Western Cape. He specialises in the problems of divided societies, such as South Africa and Northern Ireland.After going into exile in 1961, ANC president Oliver Tambo established anti-apartheid missions across the continent, basing the movement in Tanzania, the Sunday Independent recorded. Northern Rhodesia, now called Zambia, was a critical transit point for South Africans on their way to Tanzania to be trained as Umkhonto we Sizwe (MK) soldiers. They travelled on the “Freedom Ferry” from Botswana across the Zambezi River.TanzaniaFollowing the Sharpeville Massacre on 21 March 1960, Frene Ginwala went to Tanzania to establish an office in Dar es Salaam. While there, she worked as a journalist and received ANC members as they came into the country. She helped party top brass, among them Tambo, Yusuf Dadoo and Nelson Mandela, who met the country’s president, Julius Nyerere.Even then, Ginwala was in awe when she met Mandela. “To my amazement, there was Nelson Mandela,” she recalled in an interview with the Nelson Mandela Foundation. “My instructions from Oliver Tambo had been that when he did arrive I was to hide him, and he’s often joked that when I opened the door I looked at him and said: ‘Oh my God, I have to hide you!’ Because there was this enormous man with a Basotho hat, in a sort of safari suit, with mosquito boots… I mean, you couldn’t have stood out more in Dar es Salaam!”Mandela himself was impressed by the country and recalled how he felt when he arrived in his autobiography, Long Walk to Freedom: “I then truly realised that I was in a country ruled by Africans. For the first time in my life, I was a free man… I felt the burden of oppression lifting from my shoulders…“I was being judged for the first time not by the colour of my skin but by the measure of my mind and character,” he wrote. “I met Julius Nyerere, the newly independent country’s first president. We talked at his house, which was not at all grand, and I recall that he drove himself in a simple car, a little Austin. This impressed me for it suggested that he was a man of the people.”Other than setting up MK training camps and transit routes to Eastern Europe and Russia, a school was also opened for South African children, named Mazimbu. “Although Mazimbu was designed to be a refugee camp, informal educational classes became the main activity, and after some debate, the ANC eventually agreed to establish a school,” noted South Africa History Online. “Formal teaching commenced in 1978 and Wintshi Njobe was appointed as the principal.”By the 1980s, it was renamed the Solomon Mahlangu Freedom College; it eventually also housed a mini furniture factory, a welding workshop, a farm, and a clothes factory.This video captures the essence of the college:ZambiaWhile it was banned at home, in 1969, Zambia became the ANC’s headquarters. “It was from Lusaka that the ANC operated and co-ordinated the activities of MK in various parts of Southern Africa. Recruits who left South Africa via Lesotho or Mozambique ended up in Lusaka before they were sent for military training,” South African History Online stated.The ANC’s underground radio station, Radio Freedom, was also eventually broadcast from Zambia, following stints in Madagascar, Tanzania and Ethiopia. The American quarterly journal, The Appendix, noted that the radio station helped to recruit members to the ANC and MK training camps. It also broadcast the news at a time when the airwaves in South Africa shared very limited information.Watch the protest song, Kea Rona (It Is Ours):ANC Radio Freedom – Kea Rona (It Is Ours) from jonneke k on Vimeo.Zambian soldiers also protected the ANC from South African attacks in 1985, during the party’s national conference. “There was a real danger of attack; South Africa was training Zambian dissidents to destabilise the Zambian government and mounted a series of bomb attacks on ANC members in Lusaka,” wrote Kevin Ritchie in the South African newspaper, the Sunday Independent. “But President Kenneth Kaunda stood firm.”AngolaSoon after Angola gained independence from Portugal, its colonial ruler, the ANC started negotiations in 1976 to set up bases in that country for military training; by the end of that same year, the first base was established. “Mzwandile Piliso was appointed the person in charge of all the camps in Angola,” noted South African History Online.Along with the camps, the party also set up housing facilities for its leadership, cadres and a warehouse to store supplies such as food and clothes.Despite the initial hope that came with setting up these camps, there was a downside too. “The most traumatic thing in the camps was waiting,” wrote James Ngculu in his book The Honour to serve: Recollections of an Umkhonto Soldier. “This waiting became the source of all our frustrations and feelings of despondency.”BotswanaBecause of its geographical location, Botswana became the preferred conduit for the ANC to get its members into and out of the country clandestinely. “The Botswana route for the ANC was established with the efforts of Fish Keitsing, a citizen of Botswana who left his country to work in South Africa,” South African History Online noted. “He later joined the African Mineworkers Union (AMU) and the ANC in 1949, becoming a branch leader for the Newclare Branch.”After he was charged with treason, he moved back to his home country and the ANC leader, Walter Sisulu, asked him to set up a few safe houses around Lobatse.Using the alias David Motsamayi, Mandela also “used the pipeline ‘down’ as well as ‘up’ to re‐enter South Africa”, noted Neil Parsons in his article The pipeline: Botswana’s reception of refugees, 1956–68 published in Social Dynamics: A Journal of African Studies.In retaliation, the South African Defence Force (SADF) raided safe houses in Botswana. “Their aim was to destroy eight houses and two offices 12 kilometres from the border, which they claimed were being used as by the ANC for planning ‘terrorist’ attacks on South Africa,” noted South African History Online.The Truth and Reconciliation (TRC) reported on the Botswana Raids:MozambiqueThere were a number of ANC safe houses and operational MK bases in the suburb of Matola in Maputo. As a result, it became a target for the SADF, which launched several raids in the country. A raid in January 1981 turned out to be one of the more devastating attacks and 16 South Africans were killed. On 14 February of the same year, “Tambo, in the company of Mozambican president Samora Machel, addressed mourners at the funeral of those who were killed and the day was declared the Day of Friendship between South African and Mozambique”.The SADF also targeted senior ANC members like Ruth First, who was killed by a parcel bomb at Eduardo Mondlane University, and Albert “Albie” Sachs, who lost an arm and sight in one eye when a bomb was place in his car.In 2011, the South African and Mozambican governments unveiled a monument in Matola to honour those who lost their lives on that fateful day in 1981.The South African arts and culture minister at the time, Paul Mashatile, said he hoped it would be a chance to turn tragedy into bridges of friendship. “He also rightly links the commemoration to the need to stem the tide of xenophobia in South Africa, much of it aimed at Mozambicans,” wrote the national weekly newspaper, the City Press.Lesotho and SwazilandLesotho and Swaziland are both almost wholly surrounded by South Africa; this geography ensured the small nations played a pivotal role in assisting the ANC. In the 1960s, the liberation movement had a small presence in Lesotho. According to South African History Online, relations between South Africa and Lesotho soured during the mid-1970s, allowing large numbers of ANC members to take refuge in the country.The new arrivals were trained in politics and guerrilla tactics. ANC members also crossed the border into Lesotho under the cover of night for meetings, returning to South Africa the next morning.After the student uprising in South Africa in June 1976, many of young activists fled into Lesotho. Its government made provision for all young South African exiles to receive an education and 25% of its state scholarships were offered to exiled South Africans.Swaziland also served as a base for MK soldiers from the 1960s. In 1975, the ANC’s Thabo Mbeki and Tambo met King Sobhuza II to strengthen ties further, but the relationship declined when the monarch found out that Swaziland was being used as a transit point to get weapons into South Africa. It prompted the king to sign an agreement with South Africa regarding “acts that involved a threat or use of force against each other’s territory” and calling for “action individually or collectively as may be deemed necessary or expedient to eliminate this evil”.ZimbabweZimbabwe shared more than a border with South Africa: it too struggled against white minority rule.In a case of parallels, the apartheid South African government supported the Rhodesian Front led by Ian Smith. “Given that racial discrimination and the denial of political rights to the black majority were common elements in South Africa and Southern Rhodesia [as the country was initially known], the ANC and Zimbabwe African Peoples Union (Zapu) had a strong sense that they were fighting a common enemy,” stated South African History Online.Zapu helped MK recruits to cross the border to reach their camps further north, in Tanzania and Zambia. Military co-operation between Zapu and the ANC became so enmeshed, a joint High Command was formed.Human rights advocate Archbishop Desmond Tutu recognised the collective effort it took to end apartheid. “In South Africa, we could not have achieved our freedom and just peace without the help of people around the world,” he wrote on Huffington Post, the American news site, “who through the use of non-violent means, such as boycotts and divestment, encouraged their governments and other corporate actors to reverse decades-long support for the apartheid regime.”Would you like to use this article in your publication or on your website? See Using Brand South Africa material.last_img read more

Investing in Gold

first_imgGold has a timeless allure — especially if you worry about stock market volatility, inflation, a decay of ordinary currency or the collapse of civilization. Yet not everyone agrees that gold offers the safe haven its promoters describe. After soaring for a dozen years, it has plummeted in 2013.After all, while gold has some practical uses in electronics and a few manufacturing processes, most of it ends up as jewelry on people’s wrists and necks — or rests quietly as stacks of ingots in rooms with thick doors and strong floors. How reliable can demand be for a commodity that very few people actually need? What is the proper role for gold in an investment portfolio? Why has its price been falling?“People call it an insurance policy. I call it a very expensive insurance policy,” says Wharton finance professor Jeremy Siegel.“I would never recommend a specific investment in gold,” adds Kent Smetters, professor of business economics and public policy at Wharton, who adds that investors have better ways to hedge against inflation — one of gold’s presumed benefits.A Spotty RecordThere is no denying that gold has held value for humans for thousands of years. It is found in the graves of the elite all over the world. The search for it drove much of the exploration of the New World. Treasure hunters risk their lives pursuing chests of it lost at the bottom of the sea.But its record as a store of wealth is spotty. From early 2001 to late summer 2011, the price of gold soared from just under $300 an ounce to nearly $1,900, confirming gold proponents’ view that the metal is a terrific investment. But there have been long periods of disappointment, too. Gold peaked just shy of $700 an ounce in 1980, then fell and did not again hit that level for 27 years. It started this year at $1,657, and has fallen about 18% to around $1,355, while the Standard & Poor’s 500 Index has gained about 18%.The cause of these ups and downs is always open to debate. When the price of steel rises or falls, the reason can usually be found in the pace of world economic growth. Grain prices are heavily influenced by the weather. But gold rides waves of emotion.Most gold becomes jewelry. In fact, among the largest consumers of gold are jewelry buyers in India, says Wharton finance professor Franklin Allen. “India has not been doing well, so that may be a factor” driving gold prices down, he notes. “There may also be some selling by central banks and hedge funds that we aren’t aware of.” Big sales, perhaps to raise money for economic stimulation, would increase gold supply, undercutting prices.Gold prices are also affected by the ebb and flow of demand for other investments. If stocks look good, some investors will switch from gold to stocks, and falling demand will help drive gold prices down. Gold’s fall this year coincides with a fast climb in stock prices. “Gold and silver are suffering because people are moving money to the stock market,” Smetters says.Siegel maintains a long-run chart of real returns for various asset classes — returns adjusted for inflation. Because of inflation, a dollar acquired in 1802 would have been worth just 5.2 cents at the end of 2011. A dollar put into Treasury bills at the same time would have grown to $282, or to $1,632 had it gone into long-term bonds. Held in gold, it would have grown to $4.50. True, that’s a gain even with inflation taken into account. But the same dollar put into a basket of stocks reflecting the broad market would have grown to an astounding $706,199.As an investment, gold has some flaws. Anyone who owns it in significant quantity would be wise to ante up for secure storage, which creates a cost that drags on the return, says Siegel. And, unlike bank savings, bonds or dividend-paying stocks, gold does not provide income. “It’s a very volatile asset with no yield,” according to Allen.Nor does gold provide rights to share in corporate profits — a perk enjoyed by any stockholder. Investors who want safety can use government bonds, knowing the government can use its taxing power to make good on its commitments to bond owners. No one stands behind the price of gold.Paying a ‘Big Price’In a period of hyperinflation, when currency becomes virtually worthless, or a time of great distrust in the economy or banking system, gold may indeed become a safe haven, Siegel notes. “There isn’t anything that’s clearly better if you’re concerned about those sorts of events.” But he adds that people who turn to gold tend to be “overly concerned” about catastrophe. Putting a large portion of one’s wealth into gold would therefore mean sitting on the sidelines waiting for an unlikely event while other assets, such as stocks, produced better long-term returns. “I think you would be paying a big price,” Siegel says.Currently, inflation is very low, which eliminates that factor as an immediate reason to hold gold, Smetters points out. Investors who want a guaranteed hedge against any future inflation have better options in inflation-indexed U.S. savings bonds, he adds. I-bonds guarantee a modest return on top of the inflation rate, while also insuring against loss due to deflation, or falling prices.According to Smetters, there is another option: Treasury inflation-protected securities, or TIPS. These U.S. government bonds provide annual interest earnings plus a rise in principal, or the face value of the bond, tied to the inflation rate. (TIPS are best held in retirement accounts like IRAs and 401(k)s to avoid annual tax on “phantom income” from the inflation adjustments, Smetters notes.) Allen agrees. “I would say TIPS are a better strategy [than gold] to protect against inflation, unless things are very bad indeed in the U.S. Swiss francs would also be a good bet.”A well-diversified investment portfolio can also help guard against inflation, says Smetters. “I generally believe in a multi-part investment process that starts with a safe layer of bonds, internationally diversified.”Another option, of course, is stocks, which, as Siegel’s data show, have a good long-term track record against inflation. A key reason: Companies can increase prices for goods and services as inflation drives up costs of raw materials and labor. Inflation can also lift customers’ incomes, enabling them to pay higher prices.Real estate investment trusts, or REITS, also offer an inflation hedge, Allen adds. REITS are a form of mutual fund that own residential, commercial or industrial real estate. Property values and rents generally rise with inflation, making REITS a good hedge. For those worried about a collapse in the stock market, he suggests “put options,” which hedge against loss by giving their owners the right to sell at a guaranteed price a block of shares or a broad index like the S&P 500. To minimize costs — the premium paid for an option — the investor can buy “out of the money” puts. These are cheaper because they require the investor to accept some loss before the protection kicks in — similar to getting an insurance policy with a very large deductible.Investors who worry deeply about other asset classes can put a small portion of their holdings into gold for peace of mind, so long as they are willing to pay a price in storage costs and weak returns, Siegel says.Buy the Mine InsteadMost experts caution against investing in jewelry and collectable coins, because it’s hard to assess the artistic or collectable value that comes on top of the value of the raw gold. Professional investors trade gold on the futures market — but this is very complex, and futures are generally used for short-term bets rather than long-term investments.As a compromise, investors can buy stocks in gold mining companies, says Allen. These stocks give shareholders the right to share in cash flows, and they tend to benefit when gold rises, though investors must also assess the quality of management, the firm’s competiveness in the market and any other factors typically involved in a stock purchase.To avoid the cost of storing gold, investors can buy shares in exchange-traded funds (ETFs) that own physical gold kept in vaults in places like Switzerland. ETFs are a kind of mutual fund that trades like stocks, making buying and selling of gold very easy. They are a good way of speculating on spot prices, or holding gold for the longer term to diversify a portfolio. Gold ETFs might not be so good, however, as a hedge against financial, social or political chaos, because ETF trading depends on the financial markets, and the gold itself is inaccessible.What’s a better remedy than gold for investors worried about social crisis? “For those worried about social chaos, a move to Canada might be advisable,” Allen quips. Related Itemslast_img read more