2019 has been a banner year for precious metals thus far, with strong retail, professional and central bank buying of gold and silver.
Late last week the U.S. Mint issued a statement saying they were completely sold out of 2018 and 2019 one-ounce American Eagle silver coins!
Year to date that represents over 6 million coins sold.
This is why we urge our clients to stay in regular touch with us, so we can keep them informed about the latest trends. Andrew Hecht’s Weekly Report thinks silver could push through $21/oz in 2019.
GOLD “SKEWED TO THE UPSIDE”
Gold prices have already risen almost 3% in 2019, and research from Commerzbank and Standard Chartered Bank says the fundamental backdrop for gold remains favorable.
“The macro backdrop remains broadly supportive,” Standard Chartered says. “Retail investor demand in the U.S. has also picked up.”
The two powerhouse banks cite a host of reasons why gold could soon be on the rise:
Retail demand is rising
Central banks continue to add to gold positions
Easing of China-U.S. trade tensions
Heightened uncertainty about Brexit
Weakening of the U.S. dollar ahead
Professional money managers are adding net-long (bullish) positions in gold recently
Any resolution of the trade war between the U.S. and China would benefit gold, says Commerzbank.
“Risks remain skewed to the upside,” said Standard Chartered.
Aberdeen Investments thinks $1,400/oz gold prices are possible in 2019.
Frank Holmes, CEO of U.S. Global Investors says “any type of a drop in a rates, gold in a blink of an eye, is $1,500/oz.”
While we don’t recommend market timing, the comments above are some reasons why many investors are calling us today to learn more about gold.
ARE YOU A SAVER OR A SPENDER?
Everyone faces retirement sooner or later. But sometimes later is sooner than you think!
Unfortunately, the data shows that while most Americans love the IDEA of saving for retirement, they just don’t do it.
According to MarketWatch, 8 out of 10 Americans think putting away $250 feels more rewarding than losing 5 pounds, getting Saturday morning chores done or getting a good deal on a purchase! 4 out of 10 are self-described “aggressive short term savers” who are good at saving for items like vacations and gifts.
However, in the long term, the picture is different. Two-thirds of workers without retirement plans have less than $1,000 saved for retirement! This is a scary thought, when the Federal Reserve says we are 15 years or less from a major cut in Social Security benefits
Only 14% of employers now offer a 401(k) plan, which is why so many investors now “do it themselves” with vehicles like a Gold IRA.
So let’s get started today!
Not saving for the future has significant consequences, financially and emotionally.
More than 54% of people who had not thought much about retirement rated their retirement years as “not good,” according to research by Annamaria Lusardi, an economics professor at George Washington School of Business. A majority of respondents (68%) who did think in advance about retirement rated their retirement as satisfying.
What will be your experience?
Especially if the market takes a sudden tumble.
WHAT WILL BE YOUR LEGACY?
When your family “opens the safe” at the end of your life, what will they see?
It is something worth thinking about, regardless of your specific situation.
Gold and silver can be traded easily for cash almost anywhere in the world, but they have a different feel than cash and bills in the safe. They feel like wealth, but also security.
Not an item to grab and sell for a short term thrill, but a legacy for your future that can’t be taken away by inflation.
Unlike dollars or euros, which literally melt from inflation over time, gold and silver will very likely continue to hold great value for thousands of years to come, just as they have for thousands of years.
That’s the kind of asset a retirement plan should have in some proportion.
Let us help you make your move today with a Gold bullion IRA!