Although today’s Fed announcement didn’t really change anything, the financial markets continued to anticipate higher U.S. rates. The first chart shows the 5-Year Treasury Note Yield climbing close to its yearly high. The 10-Year T-Note yield also bounced. The widening spread between U.S. and foreign yields continues to support the dollar. The second chart shows the Dollar Index hitting a new recovery high. That pushed most commodity prices lower. The orange bars in the second chart shows the Gold Trust falling to a new low.
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Based on the premise “to be prepared for the future”, a gold IRA mainly preserves ones retirement savings purchasing power. As the infographic correctly demonstrates, over a long period of time, gold is a solid way to preserve ones wealth. Compared to the stock indexes over the past decade, for instance, gold has held up much better.
GoldSilver.com published a very practical report on the growing threat of fake silver and counterfeit gold products. Mainly the simple but powerful ping test (which everyone can do at home, at ease) can protect you from being ripped off by sellers of phony bullion products. The ping test applies to both gold and silver coins.
This article contains some simple but powerful truths for natural resource investors. By being contrarian in resource investing some investors truly became billionaires. “When shares are on sale, people are scared.” Miners with excellent management teams are much more likely to survive and become a winner.
In his latest interview, Rick Rule shares extraordinary insights based on four decades of investing in the resource markets. He answers two highly relevant and topical questions. Is it wise to sell some gold and silver in order to move into platinum and palladium? With expected inflation and real negative rates, is it smart to hold cash?
Where gold is held on behalf of the investor and its ownership is not transferable, then the safe-haven of Switzerland remains the only place that will ensure gold remains inside its borders and in your beneficial ownership.
When you buy gold over COMEX you are not gaining physical ownership of gold. You are basically buying a promise by the short that you can get delivery of gold at specific time in the future. Buying such “paper gold” entails the very real risk of default and therefore we advise against its usage.
With gold and silver prices range bound for 1.5 year now. After the gold’s highs at around $1,920 in September 2011 and silver’s highs at $49 in April/May 2011, the prices have been jumping in a fixed trange with support at $1,520 gold and $27 silver. As true gold or silver investments, the mining shares have performed even worse. Since the highs of the miners early 2011, the mining index HUI has moved from 600 points to 370. The junior miners performed much worse: from 38 early 2011 to 16 early 2012, standing now at about 20. We wrote earlier about Rick Rule his expectations for the resource market in […]
The truth about forecasts and predictions is what this article is about. Listening to it can save you (a lot of) money in the future. It appears from a new research that market predictions have only been accurate in 48 percent of the time. So everyone better thinks twice before being influenced by whoever (expert, guru or analyst).
Jim Sinclair confirms once again that the gold price fundamentals and ongoing currency wars underwrite a recovery in the gold price. We can expect a move to new highs soon. The core of his message is the following. You have a weapon that has ultimate power to frustrate the price manipulation. All you need to do is to do nothing whatsoever which will confuse the shorts.
In the junior miner group of the gold sector, there are a montage of factors at play in determining the most compelling buy. Brigus Gold Corp., DRDGOLD Ltd, and Primero Gold Corp are attractive for a variety of features. These junior miner stocks are worthy of consideration for rounding out a portfolio to allow for exposure to the gold sector of commodities with profitable entities that have sales and EPS rising.
Gold stocks have been underperforming for close to two years now, which is a very long time compared to the previous runs. In an interview with The Gold Report, author of the book “The Great Super Cycle” and newsletter writer David Skarica points to a Maximum Pessimism Trade. The key point that David Skarica makes about the gold stocks is the following: Unfortunately for gold investors, historic valuations of gold stocks linked to the price of gold have remained undervalued for too long. If you look at valuation metrics of large-cap gold stocks compared to the price of gold, many of these stocks are historically at very cheap valuations and that […]
Last year the Illinois senate passed the “Precious Metal Purchasing Act.” It is likely just a matter of time until the act is approved. In essence, the bill obliges persons in the business of purchasing precious metals to obtain proof of ownership, create a record of sale and verify the identity of the seller. All payments have to be carried out electronically. Furthermore, all collected information has to be reported to the local law enforcement agency. At Global Gold, we have been warning for a while now about possible financial repression and confiscation measures by western governments. Read tips on how to protect your assets in case of a random confiscation.
Christmas is nearing so it’s time for a gift. For precious metals lovers (either you, a friend or a family member), we created a selection of end of year specials by the most respected personalities in the market. David Morgan – The Silver Investor Newsletter The newsletter and market updates of David Morgan’s Silver Investor (also known as The Morgan Report) guarantees qualitative, accurate and in-depth insights in precious metals, money and mining companies. It’s a world class service. By subscribing before December 21, 2012, you lock in lower prices. As a reminder, David Morgan called correctly all but one bottoms and tops in the current gold and silver bull […]
GE Christenson launched an ebook “Survival Investing.” He wrote the book because of his conviction that inflation is an inevitable event. There are dangers associated with the current global money printing schemes, which people should be aware of. These monetary topics are not easy to grasp, so the author created a book that’s easy to read and simple to understand. It’s written in a way that people could relate to the ideas and examples in the book, in order to understand the necessity of hedging their purchasing power to inflation. The author says: “I lived through the inflation of the 1970’s in the United States. I fully expect the coming […]