Kitco News
(Kitco News) – Gold’s stable position at the $1,900 an ounce level could be the calm before the storm as the U.S. presidential election is just two weeks away, and a lot of investors are choosing to stay on the sidelines amid high levels of anxiety in the marketplace.
The post ‘Markets addicted to stimulus’ as anxiety builds: What to expect from gold price with election two weeks away appeared first on WorldSilverNews.
Silver COT Report
Fri, 10/16/2020 – 15:42
Retirement has become more complicated in today’s world. Traditional retirement safe havens aren’t what they once were. Dollars and Treasurys, mainstays of any retiree’s portfolio, have been dealt a blow that can diminish their power over time.
According to the Congressional Budget Office, this year’s annual deficit alone is equal to 15% of the nation’s Gross Domestic Product and is unrivaled by any previous deficit since World War II. This number even dwarfs the previous deficit record set during the Great Recession, which was $1.9 trillion in 2009.
Because this record deficit threatens both the strength of the dollar and of U.S. Treasury bonds, a potential problem emerges for retirees. Bonds are traditionally used in a portfolio to cushion against stock market volatility, but with these low yields, they may not be as strong as they once were.
Some portfolio holders look to high-quality corporate and municipal bonds for high rates of return. However, once you’re retired, these assets are vulnerable to stock market volatility. And the stock market is indeed volatile, having experienced dramatic drops and upshots last week based on news of the possibility of a new stimulus bill or partial stimulus. Both sides were stubborn to cooperate with the other’s proposals, and the passing of the bill is looking to be further and further away.
Now could be the perfect time to think of how well prepared your portfolio is for the effects of massive debt, low yields, and a weaker dollar.
Stéphane Monier, chief investment officer at Swiss private banking company Lombard Odier, certainly thinks so. Talking to reporters from The Wall Street Journal, Monier explained, “In a world where many bonds’ real yields are negative, the fact that you have to pay to store gold doesn’t matter like it used to.”
Billionaire Jeffry Gundlach also was positive towards holding the precious metal. In a recent interview, Gundlach said, “I actually think owning 25% gold isn’t crazy right now.”
Gold and other precious metals could be poised to gain in this environment. Precious metals are commonly known as hedges against inflation, and they have benefited from towering government debt before. The current environment of low yields and massive debts could make gold an important choice to protect a retirement portfolio. What are you doing to protect your retirement?
The post The Deficit, the Dollar, and the Ugly Truth appeared first on U.S. Money Reserve.
“There’s just a lot at stake here, and I know what we’ve been doing, especially with clients, is showing them places they can find some security from taxation—and some privacy, more than anything.”— Eric Sepanek, President of and Senior Advisor at Scottsdale Bullion & Coin
You’ve got 20 days until the presidential election. But, if you’re like a lot of smart money investors, you have even more questions—concerns really.
Calls with such questions have been pouring into Scottsdale Bullion & Coin as the election nears. Our precious metals advisors have never seen clients so worried.
We wish we had answers for you. But, unfortunately, no one has a crystal ball.
Instead, we’re educating investors about the facts surrounding the risks of gold confiscation and runaway taxation.
Watch Gold Confiscation: A Timeline of Events to see how and why FDR took Americans’ gold during the Great Depression. So you can decide for yourself how likely a repeat of 1933 is today.
Kitco News
(Kitco News) – The most significant risk this fall is a contested election, which could see all assets, including gold, sell off.
The post Looking past election mayhem: Gold price to move to new record highs once new administration is established – TD Securities appeared first on WorldSilverNews.
“”silver price”” – Google News
Fortuna Silver: Valuation Improving Considerably After The Drop Seeking Alpha
The post Fortuna Silver: Valuation Improving Considerably After The Drop – Seeking Alpha appeared first on WorldSilverNews.
“”silver price”” – Google News
Inflows into Silver-Backed Exchange-Traded Products Nearly Triple Year-on-Year over the First Three Quarters of 2020 StreetInsider.com
The post Inflows into Silver-Backed Exchange-Traded Products Nearly Triple Year-on-Year over the First Three Quarters of 2020 – StreetInsider.com appeared first on WorldSilverNews.
“”silver price”” – Google News
Will Industrial Production Data Send Silver Prices to $23 or $26? Here’s a Preview InvestingCube
The post Will Industrial Production Data Send Silver Prices to $23 or $26? Here’s a Preview – InvestingCube appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Don’t expect volatility in the gold market to go away anytime soon, as one market strategist expects the precious metal to trade in a fairly wide range through 2021 as turmoil continues to dominate financial markets.
The post The gold market needs a new catalyst as prices trade in wide range – Invesco appeared first on WorldSilverNews.