Terry Sacka on The Wealth Transfer show on the Christian Television Network discussing the deception of the world’s market system and how the circumvention of truth could impact your savings and retirement.
Proverbs 22:7 “The rich willeth over the poor” and “The borrower is servant to the lender”. Where are you on that scale?
After melting down for three weeks straight, gold and silver prices are oversold and finding support at nine-month lows thanks to short covering and bargain hunting — even as the U.S. dollar continues to strengthen. This suggests precious metals are forming a significant bottom, market technicians say. Meanwhile, traders await the February employment report due Friday to assess whether the Federal Reserve has reason to taper its aggressive monetary stimulus program, known as quantitative easing, or QE.
Although investor demand for gold ETFs may have dropped, interest in gold bars and coins is exploding, dealers say.
“Remember Russia imported 600 tons of gold last year, central banks are continuing to buy and China is near passing India as a world gold importer,” Terry Sacka, chief strategist at Cornerstone Asset Metals in Palm Beach Gardens, Fla., wrote in an email. “The U.S. mint sold more silver in February than four months combined last year. They actually stopped selling for a period and have raised prices. That doesn’t sound like a market softening, just shifting.”
The gold bugs contend the underlying fundamental reasons to own gold remain the same.
Precious metals have always been a safe haven for investing in high inflationary times. Historically speaking, a recurring cycle that always seems to repeat itself is periods of high inflation as a precursor to the crash of paper currencies. Those who understand this wealth cycle and position themselves in gold and silver are those who prosper. Precious metals are assets that will never lose their value. They are not subject to systematic risks as paper money and serve as a hedge against inflation and other threats of devaluation. Cornerstone Asset Metals was established to help guide investors safely in and out of the precious metals market.
Learn more about how buying gold and silver today is a smart move for your investment portfolio.
Terry Sacka on the The Wealth Transfer opening show on the Christian Television Network discussing Global Economics, Biblical Principles and Protecting & Preserving your Family’s Wealth.
The Great Transfer of Wealth
Did You Know?
In the 60′s, a paper U.S. dollar was called a ‘Silver Certificate’? You could take it to the bank and Read the rest of this entry »
Should the Republicans support the proposed “fiscal cliff” bill? Keith Boykin, Former Clinton White House Aide; Larry Elder, author and radio talk show host; and Roger Stone, Republican Strategist, share Read the rest of this entry »
David Mcalvany, CEO, McAlvany Financial Group explains why gold will still bring in returns next year as demand from both investors and central banks will continue to hold up. Read the rest of this entry »
Conditions show weakness, not improvement. Soft-land enthusiasts face rude awakening challenges. Later in 2012 and especially 2013, expect tougher times to reshape their outlook. They’re always notoriously behind the curve.
Bad policy begets bad results. Force-fed austerity promises hard times getting nasty. In fall 2007, residential housing’s reversal shaped events going forward. administration policies have been spectacularly wrongheaded. Planned late year austerity when stimulus is needed will be disastrous.
Inflation is much higher than reported. So is unemployment, growing poverty, and public pain. At the same time, high food, energy, medical, transportation and other costs grow more unaffordable. Households with limited resources feel it most.Home prices haven’t stabilized. Meaningful job creation is moribund. Solutions for issues this important aren’t addressed. Rhetoric substitutes for sound policy.
The following charts display the economic realities looming in regards to the U.S. Economy. Read the rest of this entry »
The International Lease Finance Corp. acquirers, led by New China Trust Co. Chairman Weng Xianding, have an option to buy another 9.9 percent, New York-based AIG said today in a statement. The transaction, which values ILFC at $5.3 billion, passes China Investment Corp.’s $3 billion purchase of a stake in Blackstone Group LP (BX) in 2007 as the biggest Chinese-U.S. deal.
Palladium shined brightest over all other ETFs in November.
ETFs Palladium Trust (PALL) soared nearly 13% during the month as workers went on strike at South African mines. The metal used in automobile catalytic converters is produced as a byproduct of platinum. South Africa accounts for 75% of global platinum mine supply.
Gold and silver have been trading sideways for most of 2012, but these precious metals may make higher prices their New Year’s resolutions. Although this market has been choppy and range-bound, gold appears to be poised for a possible breakout to the upside.
Gold (December) issued a buy signal on the daily chart Friday (Nov. 23) following a buy signal last Monday (Nov. 19), which was gold’s first buy signal since the trend changed to the upside. Gold is now super-trending to the upside and has closed above major resistance areas on the daily chart, which now acts as support. I define a super-trend as any market that trends above its nine-period simple moving average (SMA).
The trend remains up on the weekly chart and gold has little resistance overhead. Taking a look at gold’s weekly chart, you can see that gold has been stuck in a range for some time, and if gold takes out its September highs of around Read the rest of this entry »
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