Should I Buy Gold Now?
Transcript:
Carter, would you stay long? We do. We like gold. A tough week down 3% on the week and almost as cited here back to where it started on the year but the real issue is is the bottoming out action of the past two years legitimate or is it the stall before the next down leg. We think it is the former,
it is bottoming out action and the presumption is you have an asymmetrical moment. Not a lot of downside risk but upside potential. We would stay in the trade. mike, is carter using the royal we or would you agree? You know, I have never really said that I was a big gold bug but I think the options markets give us a little bit of an opportunity here and I’m not the only one that’s saying it. There was an institution long the July 29 calls. It looks like they rolled down to the 124s. On the June 130s we probably can’t do that but we can go further out in time and get some lower strike calls and I think we probably will get an opportunity to either spread out or sell those at a profit if we get any move to the upside.
Buying Precious Metals for Your Retirement: Gold and Silver
There’s a great wealth transfer taking place right now. Are you on the losing end or the receiving end?
Wealth Transfer Planning
Precious metals have always been a safe haven for investing in high inflationary times. Historically speaking, a recurring cycle that always seems to repeat itself is periods of high inflation as a precursor to the crash of paper currencies. Those who understand this wealth cycle and position themselves in gold and silver are those who prosper.
Precious metals are assets that will never lose their value. They are not subject to systematic risks as paper money and serve as a hedge against inflation and other threats of devaluation. Cornerstone Asset Metals was established to help guide investors safely in and out of the precious metals market.
The Great Wealth Transfer
Watch Terry Sacka: The Wealth Transfer show on the Christian Television Network discussing the financial and influential decline of the Western world and the simultaneous wealth increase of the East. With the wealth of nations shifting, it’s imperative to understand moving forward how hard tangible assets will allow you to maintain a quality lifestyle.
Visit the Wealth Transfer archive for more episodes. Learn more about how buying gold and silver today is a smart move for your investment portfolio.
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» Read our article: Why Silver is Going Up Today?
» Read our article: Why Gold is Going Up Today?
Past performance is not an indication of future potential values.