China has been buying thousands of tons of gold even as they sell US Treasury bonds to pay offshore creditors and prop-up their currency.
Once the war on cash heats up — and certainly when that war is in full swing, out in the open — people everywhere will turn to gold as an alternative form of money.
If you’ve ever traded gold, you know how wild the price swings are. Here, Jim has laid out the key events behind the gold price for 2017.
While it might seem like these guys made decisions based on insider trading (knowledge not available to anyone else) it doesn’t look that way to me.
I want to show you how to spot the opportunities and know when to ignore the risks that are ever present in this twisted financial world that we live in.
Investors disappointed in the share market. Interest rates rising. Gold price, going from strength to strength. This was the market wrap for early 1980.
We can’t be certain, but gold could start nosediving soon. If you want to prosper, I recommend shorting gold and/or buying a certain type of gold stock.
Not long ago gold was treated as money. Somewhere between baby boomers and gen X, gold stopped being a store of wealth and became an irrelevant investment.
The investment industry is a marketing machine with one agenda…to sell you on performance, a comfortable retirement, peace of mind, and professional management.
If we see a gold price bounce towards the US$1,205 level, expect the promoters to shout that ‘the gold correction is over’. Don’t believe them!