Gold News Today

As noted in our 2019 silver price forecast, an ounce of silver went for $15.47 on December 31, 2018. As we expected when we declared 2019 a bright year for silver, the price of silver jumped +15% in 2019. During the year, silver prices have reached highs of over $19.50 an ounce and settled in around $18 an ounce in the last trading days of December. Now that the new year is here, it’s time to look at the silver price forecasts for 2020.

Price of Silver Forecast for 2020

Are the end of 2019 and the beginning of 2020 good times to buy gold and silver? To make an informed decision, it helps to begin by looking at the many ways silver gets used, the relationship between supply and demand, and finally, industry analysts’ estimates for the expected price of silver in 2020.

Silver Supply vs. Demand for 2020

These three general areas spark most of today’s demand for silver:

• Industry: Just about 60 percent of the yearly supply of sliver goes for such industrial applications as solar panels, electric car parts, and other electrical components.
• Jewelry and silverware: Of course, the jewelry and silverware industries rely upon silver for its appearance, characteristics, and relatively low price when compared to other precious metals.
• Investments: The rest of the silver supply mostly gets pressed into bullion coins and bars. Typically, investors purchase these items from government or private mints or on the secondary market from other investors or dealers. Silver may be bought and sold as physical objects or as assets held by funds.

The latest report from The Silver Institute tracked silver supply and demand through 2018. In the last year of the survey, the global supply of silver was 1,004.3 million ounces. At the same time, the physical demand equaled 1033.5 million ounces. This created a deficit of several million ounces.

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It’s worth noting that unlike other precious metals, production uses actually account for the greatest portion of silver demand. The increase in demand for production silver has typically been modest but consistent.

For instance, The Silver Institute reported these changes in demand for the decade before and including 2018:

• The demand for silver for jewelry and silverware increased about 39 million ounces.
• The demand for industrial silver increased about 50 million ounces.
• While use for photography has declined by about 36 million ounces, it has increased for use in solar cells from 0 to 80 million ounces.
• Minting coins and bars has increased demand by over 100 million ounces.

Anticipating the Expected Price of Silver in 2020 for Investors

Industrial Demand

Increased demand for production silver typically comes from industrial expansion. For instance, a scholarly report on Science Daily found that increased production of solar panels has positively impacted demand for silver, as well as prices.

On the other hand, the average silver prices from the charts provided by The Silver Institute don’t directly correlate to supply deficiencies and surpluses. For instance, the average price per ounce was higher in 2016 than 2018, but the supply deficit in 2016 was actually smaller. Production use of silver—and more generally, supply and demand—provides a sort of support for silver’s price but doesn’t tell the whole story.

Safe-Haven Demand

As explained on Market Watch, investors may consider industrial and manufacturing use of silver, but that’s not their primary motivation for buying it or any other precious metal. They consider their investment purchase a sort of insurance premium against market upheavals. Market Watch offered examples of events or concerns that could influence the price of silver in 2020. These could include predictions or uncertainty about the following issues:

• Interest rate changes.
• Unexpected downturns in other markets.
• Political or economic instability.
• Fluctuations in currency values.
• Changes in other precious metals prices.

Of course, nobody has a crystal ball to know exactly what events will transpire in 2020. It’s helpful to look at the silver forecast from industry analysts and experts to explore some potential scenarios.

• The CEO of First Majestic Silver, Keith Neumeyer, may have made the most bullish price of silver forecast for 2020. He anticipated moves up to $130 an ounce. He believes that silver should be unlinked from other precious metals, like gold, and considered more of a strategic metal because of its industrial applications for electronics and solar power.^[1]

• In contrast, Metalla Royalty & Streaming director, EB Tucker, sees a tighter link between silver and gold. He said that a recent rally in gold means that silver will also move up soon. He predicts a more modest rise in the price of silver to over $20 an ounce, which would still be a substantial increase.¹

• FocusEconomics predicted a price of just $16.60 in the last quarter of 2020. However, that price still anticipated growth at the time they made it. Also, they believed that silver would sit at $15.80 in this last quarter of 2019, and the price is already well over that.¹

• Longforecast.com, a forecasting agency, believes the price of silver will be moderately volatile in 2020 and beyond. Still, they believe the average price as soon as January may peak at over $22 an ounce and generally stay over $20 an ounce through the year.^[2]

• Analysts from the European precious metals firm Degussa see silver prices rallying in 2020 to $23 an ounce.^[3]

• Goldman Sachs foresees strong investment demand for silver eclipsing a slight contraction in industrial consumption, pushing silver prices to a healthy $18 an ounce in the new year.^[4]

• Bank of America’s Precious Metals Strategist, Michael Widmer, thinks silver looks fundamentally better than gold due to a shift in global reflation that could drive industrial demand. He predicts the white metal to fetch $17.54 an ounce in 2020.^[5]

• The Bank of Montreal adjusted an earlier forecast for 2020 up to $18.60 an ounce. This was over 20 percent more than their original prediction.

• Commerzbank analysts assert that continued loose monetary policy and “negative yields on a significant chunk of global debt” will send gold prices soaring, lifting those for silver along with them. The Bank’s analysts predict $18.50 an ounce silver in 2020.^[6]

What’s the Price of Silver Outlook for 2020?

Some people refer to silver as poor man’s gold for a couple of reasons. First, the price of an ounce of silver is much cheaper than the price of an ounce of gold. Still, most analysts believe these two metals are linked, and price changes in one of these precious metals generally reflect prices changes in the other.

Some analysts argue that silver should be uncoupled from other bullion because of its industrial applications and the recent supply deficits. For example, silver demand reached a three-year peak in 2018; however, supply fell.^[7]  In that respect, silver may be vastly undervalued when compared to gold.

No matter which perspective is correct, investors rely upon silver for the same basic reasons that they purchase other precious metals. They want to use the metals as portfolio insurance in case other markets don’t perform as anticipated. Generally, the price reflects that behavior as much as it does industrial demand, if not more.

It is impossible to say exactly what will happen during 2020 or beyond. However, silver still looks like a good buy, especially with the disparity between supply and demand over the past few years.

Share Your Silver Price Prediction for 2020:

How to Add Silver to Your Portfolio in 2020

If you hope to find a good deal on precious metals, silver appears to provide it. Prices have made steady progress in the past year, but industry analysts believe it has room to grow. Not only will you buy a metal that’s precious to investors, it’s also a material with many uses for production.

To protect portfolios, learn more about investing in silver and even how to add silver to an IRA.

The father of the yield curve indicator encourages investors, business executives, and consumers to prepare now!

This is the time where you need to reflect upon your strategy. It’s actually easy to manage assets when the economy is booming. It’s much more difficult to manage into a turning point.

–Campbell Harvey^[1]

Key Points

• Inverted yield curve is a ‘flashing code red’ sign a recession is imminent, asserts father of the yield curve indicator, Campbell Harvey.
• The return of Quantitative Easing “Permanent Open Market Operations” suggests the Fed is preparing for the next downturn.^[2]
• Noted Wall Street economist and the United Nation’s trade and development body, Unctad, forecast recession in 2020.^[3][4]
• Stock market meltdown predicted to hit in Q4 of 2019.

“Recession is coming.” “We’re reaching the recession tipping point.” “Expect a major recession soon.”

Market participants and economists’ recession chants grow louder and louder each year the record-long expansion hurtles on.

Now, however, such predictions are backed by more than mere words:

• Inverted yield curves.
• Manufacturing recession.^[5]
• Consumer spending slowdown.^[6]
• QE Fed Bond Buying.

And it gets even worse: before the long-term market hemorrhaging begins, a huge stock sell-off is predicted to rattle investors.

LOSSES. LOSSES. LOSSESS. That’s what UNPREPARED investors can expect from here on out.

Don’t be one of them. Learn how to protect your wealth from the coming downturn below.

Inverted Yield Curves Flashing Code Red for a Recession

Last August, the spread between the much-watched 2- and 10-year Treasury bonds inverted briefly, a signal to many market participants a recession is coming. An even stronger sign, however, comes from the yield for the 3-month Treasury, which has been above the 10-year since last May.

When the yield curve remains inverted for three months or longer, it’s a reliable indicator of a downturn within the next 6 to 18 months, explained Campbell Harvey, a Duke University professor and the researcher who first uncovered the correlation between inverted bond yield curves and recessions.

How reliable? The past seven recessions were preceded by an inverted yield curve.

The relationship between yield curve inversions and economic downturns was also noted in a 1996 New York Fed paper and by Chairman Jerome Powell this year.

Harvey pointed out another sign of the coming recession: in a Duke University survey on CFO sentiment, 50 percent of respondents said they expected a recession in 2020, and 85 percent projected economic contraction in 2021.

Corporations and consumers still have time to prepare, but they’d better start now, suggested Harvey:

It’s risk management. You need to look ahead and plan. And, you need to use all of the information—not just the yield curve. But, other information in the economy to make the best possible plan so you survive a slowdown.

–Campbell Harvey

Fed Resumes QE “Permanent Open Market Operations”

Neither the recent technical issues nor the purchases of Treasury bills we are contemplating to resolve them should materially affect the stance of monetary policy. … In no sense, is this QE.’ — Fed Chairman Jerome Powell

These were Powell’s comments following his September announcement the Federal Reserve would be purchasing Treasury bills again in response to volatility in the repo market. He added the Fed had mentioned plans last March to increase its ‘security holdings to maintain appropriate level of reserves.’

However, other Fed actions suggest the latest move may be more in line with monetary easing. The FOMC slashed interest rates twice this year amid a sluggish global economy and U.S.-China trade war and is likely to cut them again in its October 29th-30th meeting from the current target range of 1.75 percent to 2 percent.^[7]

Then there’s the sheer volume of projected Fed Treasury purchases:

Upcoming Fed Treasury Purchases

Such numbers contradict this statement from Powell:

‘I want to emphasize that growth of our balance sheet for reserve management purposes should in no way be confused with the large-scale asset purchase programs that we deployed after the financial crisis.’

Powell’s announcement of the return to QE “Permanent Open Market Operations” are especially concerning in light of recent findings from the Bank of International Settlements:

‘Central bank stimulus is distorting financial markets.’

How? By squeezing liquidity in some markets, increasing levels of bank reserves, and reducing the number of bonds available for investors to buy and market operators actively trading in some areas.^[8]

Campbell Harvey echoed the BIS’ statement in concern to interest rates:

“The central banks have distorted the interest rates and, I think, we’re going to pay for it in the future. It just doesn’t make a lot of sense. I was talking to someone last week from Denmark who gets paid for their mortgage. That is just highly distortionary.”^[9]

Consumer Spending in Sustained Decline

‘Let me boil it down: a recession is not imminent. It’s not right here. But it is certainly on the table. You can’t take it off the table. There’s a lot of data kind of edging in the wrong direction. And I’m just concerned about this super optimistic story that the consumer is going to bail us out even though manufacturing is really decelerating.’ — Lakshman Achuthan, co-founder of the Economic Cycle Research Institute

Everything is slowing: job growth, manufacturing, and, yes, consumer spending. Trump’s tax cuts and rebuilding after Hurricane Harvey contributed to a ‘cyclical upturn’ in spending growth in 2016 and 2017. But, since then, it’s been in a sustained decline and is now at an approximately 2½-year low, with the exception of the sharp drop in December 2018.

The outlook for consumer spending isn’t great, either. Corporate and consumer sentiment surveys suggest plans to purchase big-ticket items have reached pre-recession levels.

‘See, when you’re in a growth rate cycle downturn and it’s decelerating, deteriorating, that’s when you have a yellow flag on recession risk. You have to take it seriously,’ said Achuthan.

Manufacturing Plunged into Recession

The magnitude of the loss we’re seeing from tariffs far outweighs the benefits of the tax cuts.

—Jim Springer, chief financial officer of Industrial Nut Corp. in Sandusky, Ohio

A pullback for two quarters in a row is defined as a recession, and it’s gripped the manufacturing sector, reveal Federal Reserve measurements.

Declines in new orders, production, and inventories contributed to a contraction in manufacturing not seen since June 2009, according to a widely followed purchasing managers’ index.

The September jobs report reveals a decline in total factory employment. Reports out of Michigan and Pennsylvania show a spike in layoff announcements this year.

Transportation and warehousing industries are already starting to feel the pullback.

How long until the contraction dominos into the services sector and general economy?^[10]

Corporate Profit Margins Falling

With a backdrop of weak profit expectations, the trade uncertainty poses serious challenges for business planning. In an environment of much stronger profit margins, the same trade uncertainty would likely pose less of a deterrent.

—Stephen Gallagher

Accompanying a pullback in consumer spending and manufacturing is a decline in U.S. nonfinancial corporation profit margins: after peaking to 15.2 percent of gross value added in 2015, they dropped to 10.9 percent last quarter.

Falling Corporate Profit Margins

Stephen Gallagher, the chief U.S. economist for Societe Generale and winner of MarketWatch’s recent Forecaster of the Month contest, argues that eroding corporate profit margins will trigger a recession in 2020.

This has been the case in the past: near the end of a cycle, sales flatten, operating costs rise, and managers reduce payrolls because they’re unable “to roll with the punches” when profits are thin. As consumer earnings shrink so too does their spending.^[11]

U.N. Warns of “Deeper and Long Running Threats” to Global Economy

The slowdown in growth in all the major developed economies, including the US, confirms that relying on easy monetary policy and asset price rises to stimulate demand produces, at best, ephemeral growth, while tax cuts for corporations and wealthy individuals fail to trigger productive investment.

—Unctad, the trade and development body of the United Nations

There’s no doubt a global recession is upon us, but the UN warns there is more to worry about than a temporary economic contraction.

In the short-term, “trade wars, currency gyrations, the possibility of a no-deal Brexit and movements in long-term interest rates” are taking their toll on global growth, which is set to fall from 3 percent in 2018 to 2.3 percent in 2019. Not since the 1.7 percent drop in 2009 has growth been so weak.

And the interest rate cuts, negative interest rates, and creation of money via quantitative easing—central banks’ ‘go-to policies’ since the last financial crisis—will serve as a weak palliative this time around (Read “What Is a Negative Interest Rate?”). In fact, the UN was “pessimistic about the chances of success” of these measures in its report.

Why? Macrostructural challenges predating even the last financial crisis: the softening of investment; stagnant wages; decreasing public spending; debt bubbles; and environmental issues stemming from the “unsustainable increase in carbon dioxide in the atmosphere.”

As the global economy, still fragile from the last market crash, enters the next downturn, the UN is urging central banks to focus on these issues instead of ‘stock prices, quarterly earnings and investor confidence.’^[12]

Massive Stock Sell-Off Predicted Before Recession Hits

Investors may not have to wait until the recession hits in 2020 to start seeing losses. Remember the huge stock sell-off last December? Expect the same stock market volatility this time around, warns Raoul Pal, a Goldman Sachs alumnus and author of the Global Macro Investor newsletter, a publication the largest hedge funds in the world follow.

Pal cites three reasons why a market meltdown is likely in the final quarter of the year:

1. Companies’ Blackout Period: share buy backs usually decline around earnings time.
2. Repo Market Problems: the settlement of Treasury debt purchases, coupled with corporate tax payments, briefly shot short-term interest rates through the roof.^[13]
3. Baby Boomers’ IRA Requirements: when Americans born between the mid 1940s and mid 1960s—the so-called “Baby Boomers”—reach 70.5 years old, they must meet an annual requirement to sell approximately 5 percent of their IRAs, some of which are heavy on stocks.

‘The problem is the gap between this year and last year is huge. It’s like 50% increase in the amount of selling that has to be done. They have to start selling by year-end. If you take out the Christmas week and you’re a financial adviser, and you want to get this done early, you will start in October,’ explained Pal. ¹⁴

How Can Investors Prepare for the Market Meltdown and Recession?

Markets have historically fluctuated from periods of expansion to ones of contraction, and the economic indicators discussed above suggest another downturn is upon us.

But this time may be different. Vulnerabilities predating the last crash and exacerbated by the unprecedented monetary policy measures taken to recover from it could make the next financial crisis worse than 2008.

With the predicted stock sell-off this quarter, the outlook for investors who keep all of their wealth in the market is increasingly grim.

Now is the time to protect your profits. Learn how to add Wealth Insurance to your portfolio.

LEARN MORE

Key Points:

• Market strategist forecasts $25/oz Silver Prices by Thanksgiving.
• Billionaire investor predicts GOLD’S NEXT RUN will be EXPLOSIVE!
• 5-Year PLATINUM chart shows BIG UPSIDE POTENTIAL.

Trade disputes boil in every corner of the world: the U.S. vs. China; the U.S. vs. the EU; India vs. Pakistan; and Japan vs. South Korea.

Manufacturing constricts in the four largest economies—the U.S., China, Japan, and Germany—and the yield curve inverts to the worst level since 2007.^[1]

Investor optimism disappears from Wall Street after an August rife with intense stock market volatility. In its place? FEAR.

Investors are finally feeling the impact of the protracted trade war with China and onset of the long overdue market correction and downturn where it hurts the most: their portfolios. And they’re scared. From Wall Street to Main Street, investors are rushing to the safety of precious metals, setting off what’s expected to be an UNPRECEDENTED BULL MARKET.

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Prices for gold, silver, platinum, palladium, and rhodium have only one direction to go: UP! Will you seize the opportunity to buy before they do?

Precious Metals Prices Surge on Safe-Haven Buying

“‘People are looking basically for resources that they know are going to have a value 20 years from now, or 30 years from now, as they age. That is clearly a fundamental force that is driving’ market moves.” — Former Federal Reserve Chairman Alan Greenspan in an interview on September 4, 2019

Prices for gold and silver surge. Rhodium roars higher. Palladium keeps climbing. Platinum market conditions are ripe for a rally.

How high are precious metals prices? Even more importantly, where are they headed?

Gold Prices Skyrocketing

I think we’re in the third and final phase of the gold market that’s started in 2001, and this will be the most explosive phase for gold.

–Frank Giustra, chairman of Leagold Mining

^[2][3][4][5]

Why is Giustra so bullish on gold? Because we’re finally seeing the fallout from central banks’ drastic measures to rescue markets after the last financial crisis. That the Fed has no exit strategy for quantitative easing, except more QE—FOREVER.

We’re seeing it right now with the latest interest rate cut. Once markets realize historically low interest rates are here to stay, GOLD PRICES WILL KEEP GOING UP. And they won’t stop!

Learn more about global market vulnerabilities in “Why the Next Financial Crisis Could Be Worse than 2008.”

Silver Prices Predicted to Outperform Gold

You would expect silver to outperform gold given the fact that it has double the volatility of gold.

—Bart Melek, head of global strategy at TD Securities.^[6]

^{[7][8][9][10]}

Melek explained that silver is catching up to gold. With U.S. dollar drops, lower interest rates, and stock market volatility, he expects the white metal to hit $19 to $20 quickly.

Read our “Silver Price Forecast 2019” for an in-depth look at the market movers for silver this year.

Platinum Group Metals Prices Rising

All of the precious metals have been moving higher over the past months as the sector has outperformed almost all other asset classes. Even platinum has joined the bullish party.

—Andrew Hecht, commodity and futures trader and analyst and author of the Hecht Commodity Report

Platinum Prices Set to Breakout

The view that these investors are taking is that there will ultimately be more demand from the automotive sector and supply looks to shrink. For a lot of investors it just looks like everything is pointing in the right direction for platinum.

—Trevor Raymond, director of research for the World Platinum Investment Council (WPIC)^[11]

^{[12][13][14][15]}

The WPIC reported “unprecedented investment demand” in the platinum market during the first half of 2019. The 145,000-ounce jump in investment demand offset declines in automotive and retail platinum consumption.

The organization predicts investment purchases to rise to 900,000 ounces for the year, as many investors are anticipating a switch to platinum from palladium in the automotive sector due to its lower price-point.^[16]

Platinum Investment Demand 2019

Platinum is way undervalued based on its benchmarks. Because of its strong correlation to gold I think we can still see higher prices.

—Bart Melek, head of commodity strategy at TD Securities.^[17]

Palladium Prices Keep Climbing

The precious metals market is about to resume a rally, in our view, on the back of a surge in the palladium price. For the first time in five years, the Bloomberg Precious Metals Spot Subindex is poking above its 72-month average. It may be a better bullish broad-market indication if the recent visit above $1,500 an ounce in palladium marks a peak.

—Mike McGlone, senior commodity strategist at Bloomberg Intelligence.^[18]

Analysts expect palladium prices to pullback a bit this year and next as industry and investors take advantage of bargain platinum prices. However, the forecast 2019 average price of $1,350 for palladium is the highest ever on record, so demand and prices should remain relatively robust.^[19]

Runaway Rhodium Prices

They are putting rhodium in everything. Because of higher environment standards, they are throwing more and more rhodium in converters. I don’t see the big automakers stopping this trend anytime soon and the supplies they need are just not there.

—Matt Watson, president at Precious Metals Commodity Management^[20]

^[21][22][23]

Rhodium has seen strong demand from the automotive sector this year because, unlike palladium and platinum, it can be used in both diesel and gasoline engines. However, with no primary rhodium deposits in the world, supplies of the byproduct of nickel and platinum mines remains small and non-respondent to price swings.^[24]

Given this supply and demand equation, some analysts foresee rhodium prices reaching or surpassing their all-time high of approximately $10,000, which was reached in 2008.^[25]

Smart Investors Safeguarding Their Wealth with Precious Metals

Safe-haven assets rule when investor fears turn into market realities—RIGHT NOW.

But, with $17 trillion in government debt globally yielding less than zero percent and analysts proclaiming Bitcoin is “no longer a safe-haven asset,” only precious metals are shining.^[26][27]

Gold Prices vs. 10-Year Treasury Bond Yields

And they’ve caught investors’ attention: prices for gold, silver, and the platinum group metals are surging due to sudden and rampant demand.

What does this mean for those who’ve yet seek the safety of precious metals? Their window for affordable portfolio protection is closing—and fast!

Key Points:

• Gold and silver prices are roaring to record highs, providing better returns than stocks.
• Big banks forecast $2,000-an-ounce gold.
• Bulls jump into the market! Miner stocks and silver prices breaking out.

Gold is a stable source of value with thousands of years of trust among humans supporting it,

—JP Morgan Commodities and Rates Strategist Craig Cohen^[1]

Amid calls by big banks to ditch the dollar and buy gold and silver; an inverted U.S. bond yield curve; and $15 trillion worth of bonds with negative rates, the yellow metal is shining as the ultimate safe-haven asset.^[2][3][4] Flirting with a six-year high at $1,518.40 and already trading above $2,000 in Canada in mid-August, gold prices keep ascending. And, the consensus among major financial institutions is that $2,000-an-ounce gold isn’t far off.

Continue Reading

‘If a window of opportunity appears, don’t pull down the shade.

–Tom Peters, American Author

Key Points:

• Gold Prices Are Rising FAST! Up about 11 percent in the last 60 days, gold prices could hit an ALL-TIME high this year.
• Supplies of Gold Coins Are Dwindling. Not since gold prices peaked in 2011 have we seen such low supplies of coins. Investors who wait until the next crash hits could end up paying a premium for portfolio protection, said an industry insider.
• The Next Gold Rush Is Right Around the Corner. With Fed Chairman Jerome Powell expressing concern about everything from the economy to the national debt to the trade war and inflation, market conditions could soon send the masses running into gold, triggering a massive gold rush.

The time has come when rumors about the next economic downturn become realities the Fed factors into monetary policy. When gold prices hit multi-year highs and then keep going up. When scarcity grips the precious metals trade and suppliers start calling brokers in search of gold coins.

Yes, it’s here again. And, like last time, only a small band of savvy investors and smart money see through the sham of the soaring equities market, take their profits, and insure their wealth with gold to avoid high premiums.

Will you be one of them?

Gold Prices Are Rising FAST!

Gold is golden. Not only have we broken out from a year-long trading range to the upside, the path of lower rates around the [world] is going to keep the market strong. Add in a spattering of geopolitical risk factors and the yellow metal is poised to move higher.

–Phil Flynn, senior market analyst with Price Group Futures

What do you need to know about gold prices? The numbers speak for themselves:

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• The price of gold shot to $1,422.85 on June 25, a more than 6-year high.
• Gold prices have increased nearly 11 percent in the last two months.
• In a recent survey, 59 percent of Wall Street pros predicted gold prices to rise, and 54 percent of the public polled did too.^[1]

How high could the price of gold go? $2,000 by the end of 2019, projects President and Global Strategist of London-based Independent Strategy David Roche. His recommendation to his clients? Secure your portfolios with gold.^[2]

Supply of Investment Coins Running Out

I have never seen demand so strong for investment coins while the stock market is still moving to new highs on a regular basis. Supplies of available investment coins are dwindling very quickly. I have suppliers calling me with relatively small amounts when they become available. That’s never happened in nearly 20 years I have been doing this.

–Steve Rand, Senior Advisor at SBC

U.S. Mint sales of American Eagle gold coins spiked 25 percent from May to June, and it’s the same story at SBC.^[3] Gold investment coins are flying off the shelves. Suppliers are out of stock and even calling our advisors trying to find them, which is totally unprecedented. All it will take is for stock market volatility to return and the Fed to slash rates for the window of opportunity to protect your portfolio without paying a premium to close.

Gold Rush Right Around the Corner

‘Many FOMC participants saw that the case for a somewhat more accommodative monetary policy had strengthened. Since then, based on incoming data and other developments, it appears that uncertainties around trade tensions and concerns about the strength of the global economy continue to weigh on the U.S. economic outlook.’ -Fed Chairman Jerome Powell in his testimony before the U.S. House Committee of Financial Services on July 10, 2019.[4]

The Fed Chairman’s statement says it all: financial and economic market conditions are ripe for the next gold rush.

But, Powell’s words are proving dangerous for many investors. They see potential interest rate cuts as a sign to stay in an overheating stock market instead of a warning to sell and secure their money with gold. The DOW soaring to an ALL-TIME high of 27,000 points was not an indicator that equities had peaked for them. No, these investors, blinded by the optimism of a record-long bull run, think stocks could go even higher. Like last time, they’ll get burned TWICE: losing on equities and then paying steep prices for gold. Just wait and watch.

Don’t Be a Casualty of the Stock Market. Follow Smart Money into Gold NOW

I actually believe financial markets are now poised to crumble like a sand pile.

—David Roche^[5]

Will you be ready when they do?

• Smart money is.
• So are central banks.
• Russia, China, and other countries know affordable gold is nearly gone, and they’re even spending dollars to snap it up, fast.

Ready to follow their lead?

We’re here to make it easy for you. For a limited time, our precious metal advisors are offering one-on-one gold buying strategy sessions. Here’s what you’ll learn:

• Insider tips on precious metals investing.
• Expert answers to YOUR crucial investing questions.
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Whenever and wherever is convenient for you: online, over the phone, or in our Scottsdale office.