Goldman Sachs Predicts Gold to Tank in 2014, Sacka says Nay

Jeffrey Currie, Goldman Sachs head of commodities research, provides his outlook for commodity markets in 2014 and explains the volatile start to the commodities season. Currie also gives his expectations for the U.S. economy.

“Our view there really is driven by the expectation of the U.S. economy reaching escape velocity,” Currie said on “Squawk on the Street.” “Essentially when you think about a short on gold … it’s essentially just a bet on a substantial recovery in the U.S. economy.”

Currie said gold still worked as a hedge against inflation; he just doesn’t see any strong inflationary pressures in the next few years. He said once the economic recovery picks up more momentum, inflation would follow and gold may become attractive again. Gold’s early 2014 rally won’t last, he said.

“I get it all the time—’Why are you bearish on gold when you expect the U.S. economy to recover?'” Currie said. “You have to think about it in different phases of the business cycle.”

Terry Sacka Says Nay

Regarding gold, silver and precious metals miners, we have seen a strong bottom put in, may test lower but any lower from here only insures a greater upside later. It’s not that gold is a loser or down, to the contrary, the COMEX has sold 69 ounces of gold for every 1 ounce in registered vaults for delivery (wow), pure derivative paper manipulation so of course it SEEMS down.

The fact is most savvy investors who will admit it are closing the paper and buying physical, physical demand is incredibly strong worldwide, massive gold leaving Shanghai, our COMEX has literally been cleaned out, inventories are extremely low, and they say the year is bad.

It’s just the true price discovery is fixed LITERALLY and manipulated through paper means. Stop fixing the price and manipulating on paper and you will see real discovery. Unfortunately the powers to be cannot have it and I completely understand, it’s a perception thing to the fiat viability. All I know is all through history every single fiat currency goes to zero.

Something isn’t quite right, in the absence of logic and real sound economics we stand firm with physical precious metals as a store of value over time. The miners will be a lagger but will return if not next year definitely in 2015.

Precious Metals as a Safe Haven

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.