4
Jan

Current Thoughts 1/4/2017

As we start the new year, gold did have a decent year for 2016 and of late I have been bullish. I am still a little cautious with the stronger dollar. Gold also has to get over the 1180 hump and then 1200 if we are going to have a run back up again. But as many of you know who have read my book Illusions of Wealth, that I expect a deflationary crash to come at some point. What has delayed this a bit is the Trump effect on the markets and gold. The jury of course is out on what Trump may or may not accomplish, but please know that just because a chameleon changes its colors, it’s still a chameleon and the spending this government does is all government, left or right, knows to do.

The key for gold is and has been its inverse relationship with the dollar. Anyone can look at a long term chart and see this. Why do so many have faith in the dollar, when it is backed by almost $20 trillion of debt? This is insane. It’s also why we own gold as insurance. The reality will strike at some point, but we can’t ignore that this game has been going on for some time and when investors and others believe in something (some will call it sentiment), the group herd marches forward. They have no recollection of Tulip Mania (please Google it).

When things do crash, they will crash hard. But it won’t be just the dollar. It will be all currencies as it will take more of each of them to buy gold in the years to come.

Go To Buy Gold And Silver Safely Store
About Doug Eberhardt

Doug Eberhardt is a 28 year financial services veteran and precious metals broker selling gold and silver at 1% over wholesale cost. Doug has written a book to help investors understand how gold and silver fit into a diversified portfolio, how to buy gold and silver, and what metals to buy. The book; “Buy Gold and Silver Safely” is available by clicking here Contact phone number for Buy Gold and Silver Safely is 888-604-6534

Disclosure:

Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with capital you can’t afford to lose. This is neither a solicitation nor an offer to Purchase/Sell futures or options. No representation is being made that any account will or is likely to achieve gains or losses similar to those discussed in this outlook. The past track record of any trading system or methodology is not necessarily indicative of future results.

All trades, patterns, charts, systems, etc. discussed in this outlook and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author.