While investors may turn to gold (or gold stocks) as a hedge against future inflation or a geopolitical shock, it’s hard to imagine a major rally in gold while the dollar is rallying.
Eventually we’ll have a collapse or deflationary bust in asset markets. That’s inevitable. Printing money can postpone such a collapse but eventually the bust will occur. Every inflation, whether consumer price inflation or asset inflation, eventually comes to an end. I hold physical gold for the reason that one day I may not be able to remit money from one country to another. I don’t know when this final systemic collapse that I am foreseeing will occur but all I can say is that in monetary, inflationary times, when inflation is measured properly, in real terms: stocks usually don’t do particularly well but gold does.
A gold IRA works pretty much the same way as your traditional IRA/401(k). The major difference is that it allows you hold precious metals such as gold and silver in the account and since it follows the self-directed IRA set up, it avails you the freedom of making investment decisions for yourself. Here is a quick compilation of ten reasons to have a gold IRA.
The end game will be an economic collapse and the destruction of our current monetary system. However, countries and individuals that have reduced their dependence on fiat currencies and have followed a policy of sound money that includes holding physical gold will survive this coming crisis.
Your opportunity is to own silver today, for less than the cost an actual mining company can even produce it for. This is investment is not an IF question, but a When question…. When silver rises…When the price explodes…When the shorts get squeezed out…
I think that Gold is in an extended Elliott Wave (V) which has a lot of upside potential. Elliott Wave Principle helps to better understand the nature of the market movement and completed with other tools it can forecast the market progress and define important turning points with a high degree of accuracy.
Silver prices have increased but in a disorderly manner. Over 40 years of silver prices can be represented by four zones of megaphone shaped price patterns. My round number target is $100 or more in 2016 – 2019. Although I hope that the powers-that-be will not choose to create hyperinflation in the US, if hyperinflation does occur, the $100 target will be easily bypassed and much higher prices will be “in play.”
The magic of compound interest is well known. What is lesser known is the magic of the gold/silver ratio, not as a measure as it is mostly viewed, but as an application for increasing one’s holdings substantially, over time. What is so great here is that no magic is involved, rather simply utilizing the market to more than double your holdings.
So far, the gold price in 2014 in the first six months has been trading in a tight range between $1190 and $1390. The yellow metal had one significant rally in February / March and one moderate rally starting in June. The price chart has a clear “line separator” in the $1270 – $1280 area which has served as major support throughout the first half of the year.
So when the fundamentally-driven tailwinds of the strong autumn seasonals combine with heavy buying of the GLD gold ETF by American stock traders and gold futures by American futures speculators, we are likely looking at one exceptional autumn gold rally! It won’t be smooth, it won’t climb in a nice straight line, and there will be sharp setbacks. But on balance gold is perfectly poised for a major new upleg.
Although gold and silver had one of their worst days of the year. Overall the technical damage is limited. However, the fact that silver and the miners declined much sharper than gold is not a good sign. The short term picture for the precious metals complex is mixed with a positive bias.
Gold futures were under pressure throughout the session as safe haven and physical demand continue to ebb. With stock indices showing no signs of retreating and consistently posting new all-time highs, safe demand for both Gold and Silver erodes.
This is a clear and present DANGER ZONE. Evaluate your personal and family vulnerability to traumatic changes that must occur, whether in 2014 or during the next few years. Consider your personal and financial risk factors, and make adjustments as needed. Given your personal circumstances, will gold (and silver) or unbacked paper currencies and debt issued by insolvent governments serve you better during the next ten years of turmoil?
Silver Price In 2014 Establishing Another Megaphone Pattern July 28
Silver prices have increased but in a disorderly manner. Over 40 years of silver prices can be represented by four zones of megaphone shaped price patterns. My round number target is $100 or more in 2016 – 2019. Although I hope that the powers-that-be will not choose to create hyperinflation in the US, if hyperinflation does occur, the $100 target will be easily bypassed and much higher prices will be “in play.”
Gold Price In 2014 Consolidating Above Major Support Area July 25
So far, the gold price in 2014 in the first six months has been trading in a tight range between $1190 and $1390. The yellow metal had one significant rally in February / March and one moderate rally starting in June. The price chart has a clear “line separator” in the $1270 – $1280 area which has served as major support throughout the first half of the year.
Short Term Picture For Precious Metals Complex Is Mixed With Bullish Bias July 24
Although gold and silver had one of their worst days of the year. Overall the technical damage is limited. However, the fact that silver and the miners declined much sharper than gold is not a good sign. The short term picture for the precious metals complex is mixed with a positive bias.
An event with a unique concept: A Casey Research Working Group which answers in-depth to all your questions. Top speakers from all over the world. September 19 – 21, 2014, in Texas.
Hold physical precious metals outside the banking system to survive the coming financial winter.
Gold Investors Weekly Review – July 25th
In his weekly market review, Frank Holmes of the USFunds.com nicely summarizes for gold investors this week’s strengths, weaknesses, opportunities and threats in the gold market. Gold closed the week at $1,307.49, down $3.61 per ounce (-0.27%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, lost 0.57%.
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