Tag Archives: Gold

Dump Dollars, Buy Silver And Gold! We Destroyed The World’s Greatest Economy For No Reason

business/finance

Experts have been alerting that the world’s greatest economy was destroyed for no reason. Today, we will discuss specialists’ insight about the US economic future and why market consultants are suggesting the economic collapse could have been avoided. Furthermore, we’re going to examine the prospects of a W-shaped recovery, which means another recession is in sight. And also, we are going to present economists’ advice on how you can protect your wealth from the looming dollar collapse. Stay with us, don’t forget to give this video a […]

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Will Gold Price’s Next ‘Big Move’ Soar To $2,400 Or Collapse To $1,600? – Chris Vermeulen

business/finance

The short-term momentum for gold is skewed to the downside, and Chris Vermeulen, chief market strategist said that a support level of $1,810 could be tested before the next ‘big move’ upwards begins. However, if prices continue to trend below $1,810 an ounce, gold could fall all the way to $1,600. 0:00 – Vaccine news impact on gold 5:00 – Equities 8:30 – Gold: support levels and long-term forecast 16:14 – Junior gold miners __________________________________________________________________ Kitco News is the world’s #1 source of metals market information. Our […]

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Gold Price Plummets $100, Can It Go Lower? Pfizer, Travel Stocks Soar, Zoom Tanks

business/finance

Gold price dropped $100, or 4.5% on Monday as Pfizer announced that its COVID-19 vaccine is 90% effective. The S&P 500 climbed 2.9%, the Dow is up 3.8%, and the NASDAQ is up only 1%, dragged down by companies that benefit from the work from home culture, like Zoom (-12%) and Netflix (-4%). Peter Hug, global trading director of Kitco Metals, said that these moves factor in expectations that are a bit ‘premature’. __________________________________________________________________ Kitco News is the world’s #1 source of metals market information. Our videos […]

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Gold Against Cryptocurrencies: Why You Don’t Have to Choose

Being Prepared, Finance

Gold has been taking a back seat for some investors who have gravitated toward acquiring cryptocurrencies. Goldman Sachs has said it doesn’t believe investors should abandon gold as a store of value, citing it’s proven for thousands of years it’s the best at protecting assets. (Recently Goldman has taken a much more positive view of Bitcoin in particular, and cryptocurrencies in general.) Proponents of cryptocurrencies on the other hand, note that the coins have acted in similar ways as gold in regard to scarcity, and Bitcoin and […]

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The Price Movement of Gold will be Hard to Pin Down in Near Term

Being Prepared, Finance

The increase in gold prices for 2017 of about 12 percent, disappointed many investors in the asset class. Many were surprised the price didn’t outperform stock market returns. Consequently, a number of professionals think the price of gold will be subdued in 2018, and possibly further out. For the negative outlook for 2017, it didn’t play out primarily because rising short-term interest rates didn’t lead to a huge increase in longer-term bond yields. What that did was keep financing costs low for the gold sector, helping to […]

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U.S. Debt Should Double Within 7 Years – Gold Could Soar

Being Prepared, Finance, Politics

The editor of Gold Newsletter, President and CEO of Jefferson Financial, Brien Lundin, said at the New Orleans Investment Conference in 2017 that historically, over the period of an eight-year term by a President, the Federal debt doubles. If that’s how it ends up this time around, it suggests the existing $20 trillion U.S. debt load will jump to $40 trillion in approximately seven years. The reality is raising taxes and cutting government spending has no chance of dealing with growing unfunded liabilities, even if there were […]

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Bitcoin: Why Those in Power Hate it!

Being Prepared, Politics

Bitcoin has generated a lot of euphoria and distain across a variety of walks of life, as the rapid increase in its value, along with taking a lot of the other cryptocurrencies on a ride with it, has forced the media to cover it. It has also forced some of the entrenched powers – especially political and financial – to issue a seemingly endless number of warnings and caveats against bitcoin, although it is interestingly tempered by the fact the blockchain, which girds up the asset class, […]

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Dangers of Fed Launching Quantitative Tightening – How to Survive and Thrive

Being Prepared

For the first time in its history, the Federal Reserve announced it is going to enter into a prolonged period of quantitative tightening. That’s the opposite of quantitative easing, which adds money to the economy; QT takes it out of the economy. Below is a video explaining what the potential implications are, and how it may have an impact on us. Some of the transcript from the video on the Federal Reserve and its announced quantitative tightening plan, with my insights on how to defend, prepare yourselves, […]

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