I will tell you this from an investment perspective. NO ONE is selling their gold or silver. The sales of gold and silver are noticeably larger these days too.
Dollar cost averaging in is still the way to play this market.
Will be writing a few good articles on the banking situation (Chapter 4 of my book “Buy Gold and Silver Safely” soon, along with more analysis on why gold, silver and treasuries are in sync with each other.
For those who would like a free chapter of my book, click the link below.
Call 888-604-6534 if you would like to discuss acquiring gold or silver for your portfolio, including IRA‘s. Prices are still only 1% over wholesale cost.
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
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.