3 Reasons Why Soaring Gold Prices Could Crash in 2020 CCN.com
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Are We Wrong About Reopening the Economy?
How much longer can this economy exist in the present state… before the social fabric unravels? by Brian Maher of Daily Reckoning Above the initials Scott B. we are dealt […]
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The charts are showing that markets are approaching a major inflection point. Gold and silver should rise rapidly once they… by Chris Vermeulen of The Technical Traders Chris Vermeulen, CEO […]
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The Economic Bust Wasn’t Caused By A Virus
Despite stellar numbers in the stock market and an all-time low unemployment rate, the US economy was already headed for an economic crisis… by Mark Thornton via Mises On February […]
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America finally found the lost City of Gold
It took nearly 500 years, but America has finally found the lost city of El Dorado. It’s called the… by Simon Black of Sovereign Man In the early 1530s, a […]
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FXStreet/Dhwani Mehta/4-23-2020
“[Saxo Bank] sees gold prices pushing to $1,800 an ounce by the end of this year, hitting a new record high by 2021 and sees a long-term gold price above $4,000 an ounce. If ever there was a time where it made sense to put a part of your savings into something tangible, then I think that is now.”
USAGOLD note: Given the complexities involved with the evolution of three major crises simultaneously – the pandemic, the oil collapse and the slow-motion unraveling of credit and financial markets – it is going to be very difficult to time short-term gold market speculation. Anything can happen in this chaotic situation. The best approach, in our view, is to buy the physical metal outright for long-term storage in order to be fully positioned for the time when the gold price does go into a full-out, upward trajectory.
Image courtesy of Visual Capitalist
Seeking Alpha/Calvin Ayre/4-21-2020
“Therefore, I advise people amass gold now not because I have no faith in human civilization, but precisely because I do. The division of labor will live on, and amassing the means through which it will survive, is going to make its current holders very, very rich in real terms. If and when the dollar is destroyed, human civilization will not simply end. It will continue to use gold as money, just as it does right now, but without the dollar intermediate. Unfortunately, most people will be very poor, because they only have the intermediary. Those people will have to work for those who have the real thing. The real thing will then filter down and through the new economy.”
USAGOLD note: This is an extraordinary argument in favor of gold ownership and gold’s value as money. Ayre strips away all the fluff on what money is and should be leaving the reader with a practical, down-to-earth philosophy on why it should inhabit significant space within the overall asset portfolio.
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