Gold Bullion Leaps More than $50 to $1365 in September

Feds Shock World By Not Tapering QE

On Wednesday September 18th 2013, gold bullion skyrockets in late trading more than $50 to just over $1,365.

Soaring approximately 4% on Wednesday after the Federal Reserve bucked expectations by not tapering its $85 billion monthly bond-buying program known as quantitative easing, or QE. After hovering above and below $1,300 in anticipation of at least a $10 billion reduction in QE, the metal exploded as high as $1,367.

Silver, meanwhile, gained about 6% to top $23 on the news of continued stimulus, and the Dow Jones and S&P 500 each hit new all-time highs.

“The Committee decided to await more evidence that progress will be sustained before adjusting the pace of its purchases,” the Fed’s Federal Open Market Committee said at the end of a two-day meeting in Washington.

Did Inflation Delay Feds Taper?

Bernanke: “We have been overoptimistic”

Why did Bernanke delay his taper plans? One potential reason: inflation, or, rather, the lack of it.

According to the government’s most recent data on consumer prices, released on Tuesday, inflation is running at a minuscule 1.5%. That’s down from 2% a month ago, and 3.7% two years ago. And, excluding the Great Recession, inflation is near the low end of its 30-year range.  Slower price increases suggests that the economy is headed for another rough patch in what has already been a dismal recovery. That would make now a bad time for Bernanke to be pulling back on any economic stimulus.

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.

» Contact Cornerstone Asset Metals today to learn more about buying gold and silver as an investment.

» 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.