Friday, December 28, 2012
Insurance against failing dollar
Gold of course (and silver to some extent too) is the best insurance for protecting yourself against a failing dollar. Bullion is the international currency that has always been accepted in transactions throughout thousands and thousands of years.
Thursday, December 6, 2012
Gold Seen by Merrill Lynch Rallying Above $2,000 Next Year
Bloomberg News recently published an article with a quote from Merrill Lynch Wealth Management, stating that, "Gold is poised to rise above $2,000 an ounce next year, while lack of clarity on demand outlook and policies in China dim prospects for industrial metals.”
That said, gold should be strong moving into 2013. “We are holding gold at the moment,” says Bill O’Neill, chief investment officer for Europe, the Middle East, and Africa.After hitting a record high of $1,921.15 back in September 2011, gold prices are expected to rise above $2000 an ounce for the first time. This would be the 12th consecutive year of annual growth, the longest streak since prices were first recorded by Bloomberg in 1920.
While there is a lack of clarity on expected demand for industrial metals in 2013, largely based on China, O’Neill expects gold to stay strong and growing. “This doesn’t necessarily mean we are not going to commit to anything [metals] other than gold in 2013,” O’Neill says, “but for now we don’t see this being part of the portfolio.”
http://www.NumisInternational.com
Saturday, November 24, 2012
Gold is ready to protect your assets
In the fourth quarter of 2012 gold prices have plateaued after a 12% increase in the third quarter (in my opinion, in the anticipation of the Federal Reserve’s slackened monetary policy).
Per usual, gold analysts have varied expectations on the direction of gold prices. However there are a couple of International Monetary Fund analysts who have been writing about legislating away bank created money. That is, returning to the gold standard.
As the owner of jewelry store and precious metals seller Numis International, I believe that would send gold prices skyrocketing. We might not be far from changing money systems completely. Our current crisis may hasten the transformation of money systems.
While it sounds drastic, money systems have changed every 30-50 years over the past couple centuries. Gold was used as money from the Civil War to World War I. From the creation of the Federal Reserve in 1913 to the end of World War II, gold was tied to paper notes, through a fixed rate of exchange between the U.S. and foreign central banks. Since 1971 we have had the same system Nixon established by ending the even exchange from dollars to gold.
Most of us have lived our lives with the dollar, but for generations before us, people didn’t. The same goes for other currencies in various countries. “At some point, we may wake up and find out the system won’t work anymore,” Notowitz says.
I am expecting our money system to fail by 2020, in a dramatic fashion. Paper money will become worthless, but gold and silver will shoot up.
I have a lot of confidence in silver and gold. People are losing confidence in the currency and they want something with intrinsic value. Gold and silver are that medium that people will use to purchase in any future economic disruption.
Per usual, gold analysts have varied expectations on the direction of gold prices. However there are a couple of International Monetary Fund analysts who have been writing about legislating away bank created money. That is, returning to the gold standard.
As the owner of jewelry store and precious metals seller Numis International, I believe that would send gold prices skyrocketing. We might not be far from changing money systems completely. Our current crisis may hasten the transformation of money systems.
While it sounds drastic, money systems have changed every 30-50 years over the past couple centuries. Gold was used as money from the Civil War to World War I. From the creation of the Federal Reserve in 1913 to the end of World War II, gold was tied to paper notes, through a fixed rate of exchange between the U.S. and foreign central banks. Since 1971 we have had the same system Nixon established by ending the even exchange from dollars to gold.
Most of us have lived our lives with the dollar, but for generations before us, people didn’t. The same goes for other currencies in various countries. “At some point, we may wake up and find out the system won’t work anymore,” Notowitz says.
I am expecting our money system to fail by 2020, in a dramatic fashion. Paper money will become worthless, but gold and silver will shoot up.
I have a lot of confidence in silver and gold. People are losing confidence in the currency and they want something with intrinsic value. Gold and silver are that medium that people will use to purchase in any future economic disruption.
Silver or Gold... which precious metal is the best investment?
It seems that silver might be the best raw material for investors to hold on to. At least that’s what long-term silver analyst Israel Freidman told Mineweb.com last month in a conversation on the sustainability and future prospects of silver.
Although Freidman’s hypothesis has been largely criticized, he does make some poignant observations about silver, largely based on its industrial and investment demand.
Freidman predicts that silver will grow steadily with GDP and population. This is mainly based on the high energy conducting power of silver and its use in electricity networks. There’s really no better, accessible metal conductor than silver, and as construction around the world continues to grow, silver will be needed readily to fulfill demand. Not to mention silver’s use in many technologies, including solar panel manufacturing (a market sure to grow in the coming years).
Friedman references the underlying growth of silver in the last thirty years, despite losing key markets like the photographic field (now a digital photography field). However, aiding the industrial industry is a strong consumer investment in silver. The U.S. Mint Silver Coin is the most popular in the world, and Freidman think that one day it will be in such high demand that premiums will increase exponentially.
With the combination of raw industrial use and high investment demand, Friedman expects silver to one day surpass the price of gold. That might be a lofty prediction, but it is nice to know that maybe silver will be a better investment than we’ve expected.
Visit us at Numis International in Millbrae for more details, to meet Uncle Al, and to sensibly invest in silver bullion, gold, and rare coins.
Although Freidman’s hypothesis has been largely criticized, he does make some poignant observations about silver, largely based on its industrial and investment demand.
Freidman predicts that silver will grow steadily with GDP and population. This is mainly based on the high energy conducting power of silver and its use in electricity networks. There’s really no better, accessible metal conductor than silver, and as construction around the world continues to grow, silver will be needed readily to fulfill demand. Not to mention silver’s use in many technologies, including solar panel manufacturing (a market sure to grow in the coming years).
Friedman references the underlying growth of silver in the last thirty years, despite losing key markets like the photographic field (now a digital photography field). However, aiding the industrial industry is a strong consumer investment in silver. The U.S. Mint Silver Coin is the most popular in the world, and Freidman think that one day it will be in such high demand that premiums will increase exponentially.
With the combination of raw industrial use and high investment demand, Friedman expects silver to one day surpass the price of gold. That might be a lofty prediction, but it is nice to know that maybe silver will be a better investment than we’ve expected.
Visit us at Numis International in Millbrae for more details, to meet Uncle Al, and to sensibly invest in silver bullion, gold, and rare coins.
Wednesday, November 7, 2012
Can Gold Reach $10,000
Long term gold price targets get more and more optimistic with some respected analysts seeing $10,000 gold ahead – this may seem unlikely but only a few years ago $1,000 gold seemed out of sight!
Read the full story here: Gold to $10,000.
Wednesday, October 3, 2012
Everyone Loves Gold These Days…
Everyone loves gold these days. Deutsche Bank sees $2,000 gold soon. And Citi says it could go to $2,500 in six months.
BofA, too -- the firm recently initiated a $2,400 target price for the shiny yellow metal since the Fed's announcement of open-ended bond buying.
However, BofA analyst Stephen Suttmeier thinks there's a case to be made that gold goes even higher than the bank's official call.
Everyone likes to pick a gold price number, but nobody really knows for sure what it's going to be. All I can tell you is that a free-market gold price has never existed in all of history...and if it was allowed to trade freely, the market-clearing price would make your eyes glaze over,
Silver also has a long way to go....if it could be allowed to trade freely we would see much higher prices too.
Al
Tuesday, June 19, 2012
When You Buy Gold - Be Sure To Take Physical Possession Of Your Investment
Friends,
Investing in gold, in my opinion, should be a priority. In fact, ten percent of your assets and personal savings should be in gold. However, don't fall into the misconception that investing in gold mines or gold exchange traded funds is the same thing. Nothing could be further from the truth.
My recommendation to own gold means buying the actual, physical, take possession of the yellow stuff.
Feel free to speculate in short term price changes and take chances with buying shares in gold mining, but don't consider that as part of your 10% gold investment.
The main reason to own gold is as a way to reduce the risk faced by investing in the stock market -- including bonds, mutual funds, ETFs, and foreign currencies.
Owning physical gold bullion also avoids the risks of companies having bad management, countries having political upheavals, companies facing labor problems, and investments harmed by tax and regulatory changes.
Gold is a good thing.
You can also benefit from the relative anonymity that comes with owning the metal. It's liquid anywhere in the world; everyone speaks gold.
Investing in gold, in my opinion, should be a priority. In fact, ten percent of your assets and personal savings should be in gold. However, don't fall into the misconception that investing in gold mines or gold exchange traded funds is the same thing. Nothing could be further from the truth.
My recommendation to own gold means buying the actual, physical, take possession of the yellow stuff.
Feel free to speculate in short term price changes and take chances with buying shares in gold mining, but don't consider that as part of your 10% gold investment.
The main reason to own gold is as a way to reduce the risk faced by investing in the stock market -- including bonds, mutual funds, ETFs, and foreign currencies.
Owning physical gold bullion also avoids the risks of companies having bad management, countries having political upheavals, companies facing labor problems, and investments harmed by tax and regulatory changes.
Gold is a good thing.
You can also benefit from the relative anonymity that comes with owning the metal. It's liquid anywhere in the world; everyone speaks gold.
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