Gold Soars Past 5-Year Highs – It seems the cat has been let out of the bag, with gold prices breaking out of 5-year highs in the week on the heels of more Federal Reserve theater with President Donald Trump. At this time, it’s clear the central bankers know they will need to cut rates, so they are just holding out and stalling as long as they can to slow the drastic outcome that could result in the short term.
Anyone paying attention to the Gold IRA Rollover is aware that a slowdown has become ongoing for the last half a year minimum. Central banks around the globe from Australia, to India, China, the European Union, and now Russia, have got all been moving to lower rates to keep their economies from tanking in the meantime.
Even funds manager BlackRock around australia has become shorting the Australian Dollar because it foresees the Australian Central Bank lowering interest rates right down to a ground-scraping .5%.
Silver Not Lagging Far Behind Gold – Silver is yet another great option, rising 3% in the past week and breaking key resistance. Silver is another fine choice to consider while there is an ongoing shortage of silver miners in the industry, which suggests ones retail investors head into silver in large numbers you will have an absence of supply that can bring about huge upside inside the shiny metal.
Additionally, Silver is great as it is small enough for barter/exchange for products or services in desperate situations, and in addition it qualifies for precious metals IRAs. Simultaneously we have seen the disappearance of the yield curve in the Treasuries markets, as the 3-year bond yields more than other bonds aside from the 30 year. This mass bond buying is clearly being done by large institutions to keep yields so low that folks will never be ready to park their funds in a safe place, but alternatively keep it on the stock trading till the central bankers all finally use up all your tricks and choose to allow it fall
Global Political Instability on the Rise – With all the recent posturing and threats made on both sides from the current US/Iranian conflict inside the Strait of Hormuz, the cost of oil can be expected to see a rise as the body of water sees 10 – 15% of total world oil production go through over a yearly basis. It seems the West has its own heart set on some form of wphxrd military confrontation as the rhetoric increasingly turns to missiles fired and tankers attacked.
No one understand how this whole thing will develop, however with How To Protect Your 401k From A Market Crash weakness and increasing political strife, it makes a lot more sense to hold gold and silver, particularly with the current bursts in price to interrupt from 5-year price ranges.