Is It Time To Buy Gold Now? Gold Sniffs $1300 After FOMC Meeting

Market participants have many asset classes to choose from, vying for their attention. Advocates of asset allocation argue that investors should spread their money out across investments such as stocks, bonds, precious metals, and real estate.

• Now up about $30 per ounce since the FOMC announcement, updated Fed economic projections, and Yellen press conference yesterday, gold is just cents away from $1,300.
• Peter Boockvar notes the Fed may be ignoring recent warming inflation data (when pressed on the fast numbers, Yellen called them “noisy”), but gold may not be. In any case – with just 3 FOMC meetings to go until QE is over and rate hike discussions start in earnest – markets will have to keep a close watch on inflation figures in addition to labor market indicators.
• GLD +1.8%, SLV +2.3%

Typically in times of crisis, investors pile into gold. This past week, rising on the Iraq news, gold was up $22 an ounce.

Believer of asset allocation always advocate having some gold in your portfolio. It is indeed a hedge against inflation, like rising food and energy prices, and a way to protect yourself from a falling dollar.

But is it time to buy gold now?

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Gold Backed IRA/401K’s: Asset Protection and Wealth Preservation

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.