Gold Up 15.6% in 2019

Gold rose $12 in the last week and is up $25 since Thanksgiving. Silver is back above $17 after being below $17 during most of December. If gold closes above $1,441, then 2019 will be the best year for gold since 2010.

When Stocks Fall Fast, Gold Usually Rises Just as Fast

I told you a few weeks ago that many millionaire investors are afraid of this stock market. I cited a survey of 3,400 millionaire investors (those with at least $1 million in investable assets) by UBS, a Swiss investment bank.

When Stocks Fall Fast, Gold Usually Rises Just as Fast

I told you a few weeks ago that many millionaire investors are afraid of this stock market. I cited a survey of 3,400 millionaire investors (those with at least $1 million in investable assets) by UBS, a Swiss investment bank.

The World Gold Council recently surveyed 18,000 market participants from around the world on their beliefs about gold. They found that more than half of those surveyed in the U.S., India, Germany, and China trust gold more than currencies, and 67% of participants agreed that “gold is a good safeguard against inflation and currency fluctuations.”

World Gold Council Survey Is Revealing

The World Gold Council recently surveyed 18,000 market participants from around the world on their beliefs about gold. They found that more than half of those surveyed in the U.S., India, Germany, and China trust gold more than currencies, and 67% of participants agreed that “gold is a good safeguard against inflation and currency fluctuations.”

World Gold Council Survey Is Revealing

The World Gold Council recently surveyed 18,000 market participants from around the world on their beliefs about gold. They found that more than half of those surveyed in the U.S., India, Germany, and China trust gold more than currencies, and 67% of participants agreed that “gold is a good safeguard against inflation and currency fluctuations.”

Project 20/20 Update – Bids are Already Increasing

Our Project 20/20 is already well underway. We have been buying selected $10 and $25 gold eagles, $2.50, $3, $5 and $10 Indians and Type II and III Liberty Double Eagles and more. Partly as a result of this targeted program, we have already seen many of our targeted coins rise in price

Project 20/20 Update – Bids are Already Increasing

Our Project 20/20 is already well underway. We have been buying selected $10 and $25 gold eagles, $2.50, $3, $5 and $10 Indians and Type II and III Liberty Double Eagles and more. Partly as a result of this targeted program, we have already seen many of our targeted coins rise in price

Most Millionaire Investors Expect a Significant Stock Market Correction in 2020

Even though many investors are pouring money into stocks as stocks reached new all-time highs on Monday, November 25, most millionaire investors are suspicious of the stock market going into 2020.

Gold Will Rise Again

Gold rose $15 Monday morning from 8 to 11 am Eastern time, and silver rose back above $17.00 on renewed pessimism over the Chinese trade deal. The rally is based on news that President Trump may not roll back tariffs on China and the mood in Beijing has also turned pessimistic about any possible trade resolution any time soon.

Gold Outperforms All Other Major Commodity Groups

Despite the latest dip, gold has still outperformed stocks by a large margin over the last 15 to 20 years, and it has outperformed all other major commodity groups (including energy and industrial metals) over the last 5, 10, 15 and 20 years.