Author Archive: David Levenstein

David Levenstein is a leading expert on investing in precious metals . Although he began trading silver through the LME in 1980, over the years he has dealt with gold, silver, platinum and palladium. He has traded and invested in bullion, bullion coins, mining shares, exchange traded funds, as well as futures for his personal account as well as for clients.

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Buy Gold and Silver to Protect Your Wealth against the Policies of Global Leaders

Buy Gold and Silver to Protect Your Wealth against the Policies of Global Leaders

I believe the current geopolitical tensions are going to worsen in the short-term, and while the US dollar may not lose its status as the worlds’ reserve currency any time soon, its dominance is weakening. The greenback’s share of global reserves has already shrunk to under 61% from more than 72% in 2001. Both Russia and China have been accumulating large quantities of gold especially China as they diversify into tangible assets. No matter what media you may believe, the fact is, in the end you have to look after yourself and the way things are going every individual should own some physical gold and silver. These precious metals provide the ultimate insurance against bad decisions made by governments.

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US Dollar Facing Competition From Other Currencies, Gold Will Also Benefit

US Dollar Facing Competition From Other Currencies, Gold Will Also Benefit

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.

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Gold Prices Supported by Renewed Concerns about Global Financial Market

| July 15, 2014 | Category: Price
Gold Prices Supported by Renewed Concerns about Global Financial Market

I believe prices may correct before they move higher due to safe-haven buying as financial market concerns reemerge amid an escalation of geopolitical tensions.

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Geopolitical Tensions are Supporting Gold Prices in the Short and Long-Term

Geopolitical Tensions are Supporting Gold Prices in the Short and Long-Term

With slowing growth and rising inflation, I wonder what central bankers will do next. So far, all they have done is create an ocean of credit that is acting as a lifeline to bankrupt countries and financial institutions. And, if the central banks stop printing, these institutions will be in serious trouble. On the other hand, the inflationary effects of their monetary policy are starting to be felt all over the world. So if central banks keep printing, they will do even more damage to their currencies and anyone who uses them. I am very happy that I own physical gold and silver.

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Slowing Global Economy and Geopolitical Tensions Send Gold Prices Higher

| June 17, 2014 | Category: Price
Slowing Global Economy and Geopolitical Tensions Send Gold Prices Higher

Ukraine has enough reserves to last until December, according to Naftogaz. Gold was also supported from rising crude oil prices, with Brent trading just below a nine-month high hit on Friday, on fears the of supply disruptions from the second-largest OPEC producer Iraq. While central banks continue to debase their respective currencies, regional conflicts are likely to worsen. And, there is also the potential for crude oil prices to rise. All these events will support gold prices.

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In the Long-Term, Gold Prices will make Substantial Gains

In the Long-Term, Gold Prices will make Substantial Gains

I still maintain that gold prices will gain significantly in the long-term due to the expansionary monetary policies of the major central banks and currency debasement. And, as prices fall, I do not recommend anyone to sell their physical gold and instead to use these price dips to add to their holdings.

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Gold Prices Will Rise on Robust Demand and Instensifying Currency War

Gold Prices Will Rise on Robust Demand and Instensifying Currency War

While China and Russia both expand their respective currency’s acceptance and accumulate more gold, the US dollar will ultimately lose its status as the world’s reserve currency. And, while most western central banks as well as the Bank of Japan continue to devalue their respective currencies, the on-going currency war will intensify. The prudent minority won’t be beguiled into holding paper currencies, and instead they will diversify into hard assets, such as gold and silver.

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Geopolitical Tensions Continue To Dominate The Gold Price

Geopolitical Tensions Continue To Dominate The Gold Price

The price of spot gold has clawed its way back above the 200 day MA and has breached the resistance level at $1300/oz. I believe we will see prices trade with an upward bias for now, given the geopolitical tensions in particular in Ukraine.

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Dubai Global Gold Centre On Continuing Bullion Demand

Dubai Global Gold Centre On Continuing Bullion Demand

I am not surprised that business in Dubai has increased substantially. From what I see and hear, people in this region have no interest in what analysts at the major banks have to say about gold nor do they pay any attention to what Western main stream media has to report on gold. They are also not interested in the fact that Hedge funds in the West have trimmed their net long positions in gold. What is important to them is ownership of physical gold.

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Stay Hedged with Precious Metals against Geopolitical Tensions and Monetary Policies

Stay Hedged with Precious Metals against Geopolitical Tensions and Monetary Policies

I have long advocated that individuals should own physical bullion as a protection against the monetary recklessness of these bankers. This creation of money out of thin air and the application of more liquidity than the productive economy actually needs has caused the purchasing power of these fiat currencies to evaporate. Stay hedged with precious metals.

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Physical Gold Best Protection against Corrupt Governments and Geopolitical Tensions

Physical Gold Best Protection against Corrupt Governments and Geopolitical Tensions

The situation in Crimea shows how small events can escalate into a major crisis. I have no doubt in my mind that some government official somewhere stands to lose or make substantial amounts of money from the on-going turmoil. These types of people are not capable of creating wealth but are only able to use their positions of power to divert funds or steal tax payer’s money in order to enrich themselves. As I have stated countless time, the best protection against corrupt governments, geopolitical tensions, and expansionary monetary policies of central banks is gold and silver.

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Currency Devaluation Result Of Geopolitical Tension, Government Corruption, Money Printing

| March 11, 2014 | Category: Economy
Currency Devaluation Result Of Geopolitical Tension, Government Corruption, Money Printing

While the major central banks continue to flood the global financial markets with their fiat currencies and as geopolitical tensions around the world look set to increase, the price of gold is likely to rise.

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Gold Prices soar despite Bearish Reports from most Major Banks

| February 18, 2014 | Category: Price
Gold Prices soar despite Bearish Reports from most Major Banks

Despite calls for lower prices from practically every major bank, the price of the yellow metal is now up by around 10% from the beginning of the year. Gold has now broken above the $1300 for the first time since November last year. This is an important turning point for the yellow metal, and I urge you to consider adding to your portfolio, as I believe the bull market is making a comeback.

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Lower Gold Prices Spur Demand for Physical Gold

| February 4, 2014 | Category: Price
Lower Gold Prices Spur Demand for Physical Gold

The significant increase in physical demand for gold in Asia, especially China is set to continue, and it looks as if Asia is going to play a much bigger role for setting the international prices for gold.

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