Gold Soars Past 5-Year Highs – It seems the cat has been let out of the bag, with gold prices breaking out of 5-year highs this week on the heels of more Federal Reserve theater with President Donald Trump. At this point, it’s clear the central bankers know they will have to cut rates, so they are just holding out and stalling as long as they can to slow the drastic outcome that could result in the short term.
Anyone paying attention to the Gold IRA knows that a slowdown continues to be ongoing during the last 6 months minimum. Central banks around the world from Australia, to India, China, the European Union, and now Russia, have got all been moving to lower rates in order to keep their economies from tanking for the time being.
Even funds manager BlackRock around australia is currently shorting the Australian Dollar as it foresees the Australian Central Bank lowering interest levels as a result of a ground-scraping .5%.
Silver Not Lagging Far Behind Gold – Silver is yet another great option, rising 3% previously week and breaking key resistance. Silver is another fine solution to consider while there is a continuing shortage of silver miners in the market, meaning ones retail investors head into silver in large numbers you will have too little supply that can contribute to huge upside in the shiny metal.
Additionally, Silver is wonderful since it is small enough for barter/exchange for goods and services in an emergency, plus it qualifies for precious metals IRAs. At the same time we see the disappearance of any yield curve in the Treasuries markets, as now the 3-year bond yields more than all other bonds with the exception of the 30 year. This mass bond buying is clearly being done by large institutions to help keep yields so low that individuals will never be willing to park their funds in a safe place, but alternatively keep it on the stock trading until the central bankers all finally use up all your tricks and choose to let it fall
Global Political Instability on the Rise – Using the recent posturing and threats made on both sides from the current US/Iranian conflict within the Strait of Hormuz, the buying price of oil may be supposed to see a rise since the body of water sees 10 – 15% of total world oil production pass through over a yearly basis. It seems the West has its heart set on some kind of wphxrd military confrontation because the rhetoric increasingly turns to missiles fired and tankers attacked.
Nobody know how this whole thing will experience, but with 401k Gold weakness and increasing political strife, it will make even more sense to hold precious metals, especially with the recent bursts in price to get rid of out of 5-year selling prices.