PRECIOUS-Gold rises for 3rd straight day – Stock Market Volatility May Increase

(Reuters) – Gold rose for a third consecutive session on Thursday as tensions in Ukraine increased and equity markets retreated. Gold rose as much as 1 percent early in the day, but later trimmed gains after

data showed the U.S. economy rebounded more strongly than initially thought in the second quarter. Bob Keiser, S&P Capital IQ, says at some point the market has to address divergence between bond and stock market.

A bigger portion of the growth was generated by domestic demand, a bright sign for the future. “The market woke up on geopolitical headlines around Ukraine but we gave up some gains because of very strong U.S. economic data,” said VTB Capital analyst Andrey Kryuchenkov. Spot gold was up 0.6 percent at $1,289.99 an ounce by 2:25 p.m. EDT (1825 GMT). U.S. COMEX gold futures settled up $7 an ounce at $1,290.40 an ounce. Trading volume was about 20 percent below its 30-day average, preliminary Reuters data showed. Source

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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.