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. . . not in stocks but in gold and silver. Actually, it’s been the right move to buy dips in the metals since 2016. But now the reasons for buying are evident.
It has been my delight to collaborate with Charles Goyette in writing The Last Gold Rush…Ever!, subtitled Seven Reasons for the Runaway Gold Market and How You Can Profit From It. Publication is set for October 27. The book can be pre-ordered on Amazon.
Our Founding Fathers knew of the evils paper money and warned against its issuance.
SPDR Gold Shares, an ETF that owns physical bullion rather than financial derivatives, has become one of the world’s biggest hoards of gold, surpassing even the holdings of some central banks.
Precious metals investors often use the gold-silver price ratio to decide which metal to buy. Known as the GSR, it is derived by dividing the price of gold by the price of silver.
Gold and silver prices have exploded. Gold’s up $390 since its March low, silver up $10.60. Silver’s gain is 87% versus gold’s 26%. This is what was supposed to happen being that the GSR (gold silver price ratio) topped 100. Silver has still more catching up to do.
Two days ago, Forbes ran an article about Senator Elizabeth Warren (Dem-MA) wants to cancel student debt in the next stimulus program. However, no where in the piece did the writer reveal how much student debt was outstanding.
In November 2016, Forbes magazine (commonly known as “Forbes”) published an article titled “Four Reasons Why Gold Is A Bad Investment.” Despite being a business magazine with a stellar reputation, established 1917, they really missed the boat with this article.
In June, gold-backed ETFs recorded their seventh consecutive month of positive flows, adding 104 tons – equivalent to US $5.6 billion or 2.7% of assets under management. This brought 1st half global net inflows to 734 tons, significantly above the highest level of annual inflows, both in tonnage terms (646 tons in 2009) and US-dollar
No wonder investors are apprehensive about buying gold. Consider this headline on MarketWatch this morning: Gold struggles for direction after highest highest (sic) finish in nearly 8 years Gold is up $700 from its 2015 low of $1063. Yet, this writer asserts that “gold struggles for direction.” With gold’s price action over the last five
