Are you a millionaire yet? Me neither. We might have been by now, had we better understood the finer points of “fear” and “greed” during our investing lives. “Greed, for lack of a better word, is good,” said fictional corporate raider Gordon Gekko, played by Michael Douglas in 1987’s “Wall Street.” The quote became a rally cry for the 13-year stock market surge following the October ’87 crash. Fear, on the other hand, can be just as influential in charting investments. “I have only two positions right now – cash and fetal,” wailed investor Jeff Mackey, staring wide-eyed into CNBC’s cameras on October 2, 2008. The subprime mortgage crisis was […]
A small handful of outfits in our industry recently sprang up and started heavily promoting a so-called “self-storage” or “LLC” IRA. The pitch is for you to establish an LLC company to store the metals on behalf of your IRA in your home (or nearby). At first glance, it sounds like an attractive option. Investors buy metals to increase privacy and control. Some do not want to rely on third-party vaults and would prefer having personal access to their metals 24 hours a day, 7 days a week. We totally agree with this sentiment when it comes to precious metals that you personally and directly own. But anyone considering this […]
Listen to the Podcast Audio: Click Here Mike Gleason: It is my privilege to be joined now by David Smith, senior analyst at The Morgan Report, and regular contributor to MoneyMetals.com. David, it’s always great to have you with us. How are you? David Smith: Very good, Mike. I enjoy coming back. Mike Gleason: Well, as we’re talking here on Thursday morning, we’re seeing the metals holding up quite well under the circumstances, and especially given the recent strong advance by the sector. Prices have pulled back some, and maybe we’re seeing a pausing of sorts here after the big run up that we saw immediately following the Brexit decision. […]
Gold – the oldest payment option for a lot of players, is still something that a lot of players are ultimately going to think about and want to use. People are still going to need to play online casino games electronically, of course. However, when people play table games such as Black Jack at the Royal Vegas Online Casino, it is going to feel as if most of the cash transactions and most of everything that goes on there manages to be indirect. Gold – the oldest payment option may not be exactly what people use today, but in many ways, the currency has really not changed all that much […]
In the wake of recent world events, the markets have been rife with uncertainty. The Middle East has been riven by conflict, the European Union has been struck by crisis after crisis, and America is facing one of the most controversial presidential election contests in history. To add insult to injury, the existing tumult has been stirred to fever pitch in recent weeks by Britain’s vote in favour of Brexit. This has left many investors in a quandary, wondering whether they should stick with their existing strategies, or retreat to safer ground and implement a more conservative approach to trading. For many, the latter has won out, and as a […]
Should You Invest in Gold or Silver? The prices of bullion coins have increased in recent years. High inflation rates, slow economic growth, loss of global value of currency, and social and political uncertainty leads to increment in prices of precious metals. While gold has never lost its value over the centuries, it is not the only precious metal worth the investment. Other metals, like silver and platinum have been aggressively competing with it. 2016 is a predictable year for metal investors. If you are considering to buy gold or silver, then have a look at the factors below to choose one that suits your needs. Long-term and Short-Term Gains […]
Precious metal investments skyrocketed following the 2008 recession. Less than a decade later, there’s still a high demand for precious metal investments. Gold and silver hedges against economic downturns, so it’s natural that when the dollar is devalued, people would seek to invest more in precious metals. Now, the big question is, which is more lucrative: gold or silver? Gold has centuries old association with wealth while silver is considered the “poor man’s gold.” As amusing as popular perceptions might be, they do not necessarily affect the business of investment. In the past several years, both gold and silver prices have gone up. If you are a savvy investor who wants […]
The Zika virus is the newest threat to humanity, especially pregnant women, so they say. Big Pharma is working feverishly to create a vaccine. Chances are the vaccine will be created, highly profitable, and Big Pharma will be “held harmless” for injuries to those who were vaccinated. Add GM mosquitoes, birth defects, Brazilian Olympics, big profits, and the story becomes a huge distraction. John Rappoport has suggested there is more to the story. There is money to be made on vaccines and GM mosquitos, and money to be lost if sales of pesticides and other chemicals are reduced. It is clear in which direction the politics will lean. The Zika virus should remind us of other […]
In sum, this book is to date the most comprehensive attempt at a critical examination of today’s investment universe from the perspective of the Austrian School and deriving conclusions for investors from it. To this end, we frequently move back and forth between theory and current practice. The difficulty of connecting these two worlds will become clear to the reader as the book progresses: the relationship between taking the time for slow and deliberate reflection and the pressure and urgency that characterize investing in financial markets under distorted and volatile circumstances.
In his weekly market review, Frank Holmes of the USFunds.com summarizes this week’s strengths, weaknesses, opportunities and threats in the gold market for gold investors. Gold closed the week at $1,057.98 down $19.90 per ounce (-1.85%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, lost 0.03%. Junior miners outperformed seniors for the week as the S&P/TSX Venture Index climbed 0.14 percent. The U.S. Trade-Weighted Dollar Index gained 0.47 percent for the week.
In his weekly market review, Frank Holmes of the USFunds.com summarizes this week’s strengths, weaknesses, opportunities and threats in the gold market for gold investors. Gold closed the week at $1,088.94 down $53.22 per ounce (-4.6%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, lost 9.68%. Junior miners outperformed seniors for the week as the S&P/TSX Venture Index lost 1.43 percent. The U.S. Trade-Weighted Dollar Index soared 2.29 percent for the week.
Moving into physical gold requires the correct mindset, and the appropriate big picture vision. Investors and individuals should hold physical metals in a safe haven place like Switzerland for the right reasons, not as a trade for instance. And the safe haven appeal of Switzerland is still very much intact. For instance, the U.S. government or IRA cannot approach Global Gold directly. Only in case of a serious case, they can submit the suspicious activity to the Swiss government system, which then will assess whether it is an issue according to Swiss law, and only then can question the gold sitting in a private vault.