America’s Gold Expert® Says Invest 25% of Your IRA or 401(k) in Gold and Silver – Here’s How

Now that many leading mainstream banks have raised their gold price target and have recommended a significant portion of one’s portfolio to be in gold, it’s time to make sure your regular portfolio and your retirement portfolio are properly balanced in precious metals.

Gold still leads all other major investment asset categories through the end of May.

America’s Gold Expert® Says Invest 25% of Your IRA or 401(k) in Gold and Silver – Here’s How

Now that many leading mainstream banks have raised their gold price target and have recommended a significant portion of one’s portfolio to be in gold, it’s time to make sure your regular portfolio and your retirement portfolio are properly balanced in precious metals.

Gold still leads all other major investment asset categories through the end of May.

Gold Leads All Investments Through the End of May

Gold still leads all other major investment asset categories through the end of May.

Silver Outpaces Gold During May on Hopes for Economic Recovery

Last Tuesday, the Wall Street Journal reported, the nearest-month silver futures price reached $17.892 per Troy ounce, rising 14% in the past four sessions and +52% from its March low

Major Banks and More Hedge Fund Managers are Betting on Gold’s Rise

Every quarter, hedge fund managers are required to file their holdings – including gold holdings – with the Securities & Exchange Commission (SEC) at the midway point of the next quarter. The latest filing was due last Friday, May 15. According to Bloomberg reports on Monday, May 18, there is indication that hedge fund luminaries including Paul Singer, David Einhorn and Crispin Odey are among those bullish on gold, according to recent letters to investors.

Another Major Bank (Wells Fargo) Issued a Strong Gold Report Last Week

Last Monday, May 4, Wells Fargo Bank issued a report on Real Assets, in which John LaForge, Wells Fargo’s Head of Real Asset Strategy opened with this headline: “Gold may test its all-time highs.”

Track Record for the First Four Months of 2020

Gold is still the only major investment with a positive track record for the first four months of 2020. Most other major investments have declined by 10% or more, with crude oil down by about 70%.

Bank of America Sees $3,000 Gold – a Huge (50%) Increase from their Previous Forecast

Last year, a unit of Bank of America (BankAmerica Securities) recommended that investors hold a 25% position in gold. Last week Bank of America commodity analysts said that gold’s momentum could drive gold to a new all-time high this year and then push prices to $3,000 next year – a 50% increase from its previous forecast of a $2,000 high next year.

More Common Gold and Silver Coins are Becoming Harder to Find – Pushing Prices Up

Last year, many European suppliers began to melt down many common-date circulated gold coins and the more common-date MS-60 through MS-62 $20 Liberties and $20 Saints because the premium over melt for many lower-grade uncirculated common-date $20 gold coins had become so small.

Gold Continues Rising, Even as the U.S. Dollar Rises

Historically, gold tends to rise when the U.S. dollar falls, but the recent breakdown of the “inverse gold-dollar correlation” is likely due to the coordinated “race to the bottom” in global interest rates by the three major central banks of the world – the U.S. Federal Reserve, The European Central Bank and the Bank of Japan.