The Ukraine Saves The Gold Market…Again (VIDEO)

A look at the rise in gold stocks, and the action in the market after President Obama called for a UN Security Council meeting, with CNBC’s Bob Pisani.

Gold and silver once again rebounded late in the week on renewed safe haven demand stemming from fresh violence in The Ukraine, but with U.S. stock indexes threatening record highs, interest in precious metals in the West is waning as evidenced by ongoing outflows from metal ETFs. Economic reports in the U.S. were better-than-expected and, though there was no real news from the Federal Reserve’s policy meeting, absent a dramatic change in the economy, there is little chance of the Central Bank deviating from its current course, which is decidedly negative for precious metals.

Gold buying in China continues at a solid pace, though you wouldn’t know that from reading anything in the mainstream financial media, as recent reports questioning record gold demand in China last year continue to affect sentiment toward precious metals amongst U.S. investors. Demand from India could offer some support for the gold price in the period ahead, but the the Ukraine has clearly been the most important prop for gold and silver lately.

For the week, spot gold fell 0.2 percent, from $1,303.80 an ounce to $1,300.60, and silver dropped 1.4 percent, from $19.73 an ounce to $19.46. The gold price is now up 7.9 percent so far in 2014, almost one-third below its record high of over $1,920 an ounce in late 2011, and silver is now up just two cents for the year, still 61 percent below its all-time high near $50 an ounce reached just over three years ago. Source

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.

» 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.