“The unsustainable nature of the federal government’s current tax and spending policies presents lawmakers and the public with difficult choices.. To put the federal budget on a sustainable path for the long term, lawmakers would have to make significant changes to tax and spending policies.” Congressional Budget Office Report, September 2013
Zero rates discourage both savers and entrepreneurs and lead to undue risk-taking, market distortions and resource mis-allocation. Entitlements sap initiative and perpetuate a weak economy. Regulations stifle job creation. Businesses aren’t hiring permanent workers to avoid paying for benefits and healthcare. IRS will collect fines for not buying health insurance. Rising student loan delinquencies add to the deficit. Debt is piling up, never to be repaid.
Can this go on forever? Or could it end in disaster for the dollar, financial system and stock and bond investors? The Federal debt keeps getting bigger and foreign holders are starting to sell Treasury bonds, pressuring interest rates higher. Price inflation is inevitable. Thinking about buying gold for long-term gains and to assure your financial survival in rough times? Not sure what gold to buy or where? Here’s help:
An unbiased view by a bullion market specialist, Jerry White (ex-trading manager of a major bullion dealer, exec of a Comex depository, consultant to Comex, major refiners and coin wholesalers, and ex- director of international broker Brody, White & Co.). In this guide to protecting your assets and purchasing power over the long term, White describes a mixed precious metals portfolio of gold, silver, platinum and palladium and analyzes the benefits and costs of each investment product. For gold novices and experienced investors alike.
It’s not too late. Learn why you need this ebook guide.
“If people look at it long-term, you know, from when the Fed started when [gold] was $20 an ounce up to the time it went up to $1,900 an ounce, you know, that’s more of the trend. Of course now it’s down. Instead of people arguing that it’s too ‘expensive’, I would think people who are in it for the long term, it looks to me like this would be a very good time to buy.” —
Ron Paul, Oct 2013 Listen to the interview.
12/08/13 Gold showed some resilience last week, though a washout, which would signal a definitive bottom, hasn’t yet happened. Weakness in US Treasuries suggests a turn in gold is coming. Patience, and accumulating physical silver, will be rewarded as we wait for money to flow into the precious metals space. With fhe Fed continuing to add liquidity, gold’s fundamentals remain strong despite technical weakness.
“The dominant bearish gold-stock rationalization today that gold miners can’t earn money is totally false. Contrary to the assertions by shameless perma-bears, the gold miners continue to earn big operating profits even with 2013’s anomalously-low gold prices. These stocks have never been cheaper relative to their underlying earnings (or gold) in their entire secular bull, they are screaming bargains.” — Adam Hamilton for Zeal
For the Self-Directed Precious Metals Investor
Between active traders and buy & hold investors are investors who don’t want to trade every day but also want to avoid the largest drawdowns. Here are resources that we have found helpful:
• The backbone of your precious metals portfolio should be in physical metals that you keep. Jerry White’s book will help you acquire your physical metals.
• For precious metals investors, there are several good premium advisory services that aim to help you catch the bulk of a medium-term rally and avoid the worst draw-downs. The key is finding one that suits your investing style. Check out paid subscriptions and free weekly commentary on Zeal based on technical and fundamental analysis, and Super Force Signals based on technicals. For coverage of all markets, see the analysis produced by the Adens. The Financial Tap has a constructive (and free) discussion forum for investors.
• Gold and silver are volatile and very difficult to trade. To avoid being shaken out of your long-term gold and silver positions, avoid leverage.
RISK DISCLOSURE: Trading of equities, futures, options, forex and precious metals has large potential rewards, but also, in this era of ZIRP, large potential risks and is not suitable for all investors. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose. We may earn a commission when you purchase one of the programs introduced on this site.