The Dow and S&P have crashed. Real estate has frozen up. The bond market is a bloodbath. But gold and silver prices are soaring. Welcome to the wealth transfer.
This past week was very positive for the precious metals. Not only were prices for both gold and silver up significantly, our industry has also had the chance to catch its collective breath following ‘March Madness’.
This week was a continuation of the ‘new normal’, which is anything but normal. COVID continues to complicate our work and personal lives, including the precious metals supply chain.
Written by Mark Yaxley, General Manager, Strategic Wealth Preservation. These have become regular weekly updates, which we will continue delivering to you until the precious metal market begins to settle back into normality. Please enjoy these nuggets of information until then. Price Action Gold closed last week at $1484/oz. A week later, the yellow metal…
I first began to predict a major economic collapse back in 1999. Although I understood that it was at least fifteen years off and possibly more, I believed that it would be wise to begin to prepare for it then, as the actual date of collapse could not be predicted. (Better to be a few years early than even one day too late.)
Careful research into an economy can result in a relatively accurate prognostication, the timing is always the most difficult aspect to pinpoint.
Admittedly, Las Vegas is not my favorite place in the world. There are many other cities where I’d rather spend my free time. But out of necessity, I do find myself there fairly regularly, and if nothing else, Sin City has provided me with two very valuable life lessons, which can be applied to either gambling or investing in precious metals.
End of Year Reminder: Sell ETF Losses; Buy Physical Metals – No Wash Sale Rule.
An article by: Jeff Clark.
The Precious Metals Week in Review June 2nd, 2017 1. President Trump and his continued use of twitter and his controversial views and actions continues to be the primary focus of nearly every news outlet. Stock markets seem to be blissfully ignoring the growing uncertainty, continually making record highs despite what seems to be…
The Precious Metals Week in Review May 19th, 2017 1. This week was a rollercoaster ride in markets, primarily driven by headlines and rumors, and very little in the way of hard facts. As political uncertainty continues to grow in the U.S., market volatility should be expected to continue. 2. The seasonally adjusted number of…