Gold Is Heading For $1500 And This Time It’s for Real Different

Gold-Heading-For-1500

A gold IRA is a type of IRA that allows the investor to own physical gold, silver, platinum and palladium instead of the standard paper trail asset that can be sucked up by corruption in a matter of minutes, leaving the investor with nothing. Gold IRA has not only become mainstream, it comes highly recommended by many gurus of investing including Peter Schiff.

Gold is heading for $1500, but there seems to be a different ‘feel’ this time around. There is a bullish Fibonacci retracement and the overall economic fundamentals seems to point in that direction.

KEY TAKEAWAYS:

  • Gold has made quite a run and some bears argue that it will correct at least 300 points because of a commodity bear super cycle.
  • Despite the long-term double top pattern in gold, one should not automatically presume that crowd behavior will react in a similar manner.
  • This time it really is different as the underlying economic fundamentals support higher gold prices.
  • Currently, gold is in the midst of a bullish Fibonacci retracement and its next target is $1500.

So if you are still hedging on whether or not to make gold part of your retirement plan, think again. When you do make the commitment of gold, make sure you do a thorough comparison of the best Gold IRA custodians.

Original source: http://seekingalpha.com/article/3986944-gold-headed-1500-time-really-different

Gold Is Now Ready For The Next Leg Up

Gold was a dead asset for almost 30 years. That is, until it made a new nominal high in 2008 and a new all-time high at $1920.70 in 2011. Gold runs contrary of current trends. Hmm… something to think about. And the amazing bull market in gold came to an end in September 2011, and it fell to lows of $1046.20 by December 2015.

Contrary to what the so-called ‘experts’ tell you, gold will always be the omnipresent, and we highly recommend it should be a part, if not a major part, of your investment portfolio.

This article provides clear evidence that gold is on its way up in 2016.

Key Takeaways-

  • Bull market emerges in early 2016.
  • An ugly correction.
  • Open interest in gold points higher.
  • Central bank junkies are addicted.
  • $1400 next stop.

I believe that gold, the ultimate currency that central banks can never print more of, is telling us that inflation is back and over recent months other raw material prices are telling us the same thing.

http://seekingalpha.com/article/3981368-gold-now-ready-next-leg

Is Gold an Ideal Investment?

With the fluctuating economy, dollar becomes a risky investment and gold becomes an ideal option for investors. There are different gold investments which can include direct ownership, allocated and unallocated gold accounts, gold mutual funds, gold exchange traded funds, digital gold currency, gold accumulation plans and gold bullion pensions.

The value of gold has been recognized since ancient times and until now, its value has not diminished. Since the government does not set any gold standard, its value cannot be controlled. Procurement of physical gold has lower costs and the refineries where gold bars can be acquired are usually established and trusted. Besides, bullion bars contain gold up to 99.5%.

Bullion coins, on the other hand, are another form of gold investing where investors start to collect gold coins which can serve as a valuable investment once they pile up. Although collecting may take time, it is a safe form of investment since there is a lower risk for the coins to be fake or stolen. However, investors must take note of the type of coin they will be buying since the gold contained by the coins varies.

In case an investor does not want to keep the gold himself, an allocated gold account can be opened to ensure the security of physical gold. A bank will be liable in keeping the gold bars or gold coins invested by the customer. The bank cannot defer or accrue any amounts on gold, so the investor only has to pay insurance costs and other expenses of the allocated gold account.

Contrary to allocated gold accounts, the unallocated gold account allows the bank to do whatever it wants to the gold of the investor. For instance, it can sell the gold in case it encounters financial crisis. As a result of this, there are no storage and insurance costs when one chooses an unallocated gold account.

Another gold investment opportunity is the gold exchange traded fund which works like the stock exchange. It is a kind of mutual fund that is backed up by gold and tracks gold prices. Although this type of investment has capital gain taxes, it is especially convenient for gold traders.

Other forms of gold investment include digital gold currency, gold accumulation plans, jewellery investments and gold bullion pensions.

These forms of gold investments open more opportunities for revenue. The unstable economy, inflation rates, and the declining value of stocks and dollar investments make gold a strategic choice for investment.

Dow Burns And Gold Stocks Rock: The Gold and Silver ‘Buy Signal’ is Engaged

Gold Seek writes 24 disheartening historical ‘facts’ and how we are going down with the ship… with the exception of a couple of saving graces, one of them called SILVER, the other GOLD.

  1. In late 2013, I predicted the Fed would taper its QE program to zero, and the first taper would cause gold to rally, stunning the Western gold community.  I also predicted the taper would turn the US stock market into a “wet noodle”.  That’s what happened.
  2. In 2015, I expect the Fed to hike rates sooner than most analysts expect, and I’m predicting that gold rallies on these rate hikes, and global stock markets take a horrific beating. I expect the stock markets of India and China to recover from that beating, but not the American market.
  3. Despite yesterday’s mini-crash, I don’t think the American stock market is pricing in the reality of the coming rate hikes.
  4. Please click here now. That’s the daily Dow chart, and it’s off to a terrible start this year.
  5. The “January indicator” that I use focuses on the first week of trading during each year. If the Dow ends that first week on the downside, it can indicate the entire year will be negative.
  6. That’s because how the Dow trades during the first week of January is a very good barometer of how institutional money managers are adding or withdrawing risk capital, with a one year outlook. So far, their outlook isvery negative.

READ 7 through 24 including the gold buy signal: click here now

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