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

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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

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