Most Popular
1. Banking Crisis is Stocks Bull Market Buying Opportunity - Nadeem_Walayat
2.The Crypto Signal for the Precious Metals Market - P_Radomski_CFA
3. One Possible Outcome to a New World Order - Raymond_Matison
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
5. Apple AAPL Stock Trend and Earnings Analysis - Nadeem_Walayat
6.AI, Stocks, and Gold Stocks – Connected After All - P_Radomski_CFA
7.Stock Market CHEAT SHEET - - Nadeem_Walayat
8.US Debt Ceiling Crisis Smoke and Mirrors Circus - Nadeem_Walayat
9.Silver Price May Explode - Avi_Gilburt
10.More US Banks Could Collapse -- A Lot More- EWI
Last 7 days
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24
Stock Market Breadth - 24th Mar 24
Stock Market Margin Debt Indicator - 24th Mar 24
It’s Easy to Scream Stocks Bubble! - 24th Mar 24
Stocks: What to Make of All This Insider Selling- 24th Mar 24
Money Supply Continues To Fall, Economy Worsens – Investors Don’t Care - 24th Mar 24
Get an Edge in the Crypto Market with Order Flow - 24th Mar 24
US Presidential Election Cycle and Recessions - 18th Mar 24
US Recession Already Happened in 2022! - 18th Mar 24
AI can now remember everything you say - 18th Mar 24
Bitcoin Crypto Mania 2024 - MicroStrategy MSTR Blow off Top! - 14th Mar 24
Bitcoin Gravy Train Trend Forecast 2024 - 11th Mar 24
Gold and the Long-Term Inflation Cycle - 11th Mar 24
Fed’s Next Intertest Rate Move might not align with popular consensus - 11th Mar 24
Two Reasons The Fed Manipulates Interest Rates - 11th Mar 24
US Dollar Trend 2024 - 9th Mar 2024
The Bond Trade and Interest Rates - 9th Mar 2024
Investors Don’t Believe the Gold Rally, Still Prefer General Stocks - 9th Mar 2024
Paper Gold Vs. Real Gold: It's Important to Know the Difference - 9th Mar 2024
Stocks: What This "Record Extreme" Indicator May Be Signaling - 9th Mar 2024
My 3 Favorite Trade Setups - Elliott Wave Course - 9th Mar 2024
Bitcoin Crypto Bubble Mania! - 4th Mar 2024
US Interest Rates - When WIll the Fed Pivot - 1st Mar 2024
S&P Stock Market Real Earnings Yield - 29th Feb 2024
US Unemployment is a Fake Statistic - 29th Feb 2024
U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - 29th Feb 2024
What a Breakdown in Silver Mining Stocks! What an Opportunity! - 29th Feb 2024
Why AI will Soon become SA - Synthetic Intelligence - The Machine Learning Megatrend - 29th Feb 2024
Keep Calm and Carry on Buying Quantum AI Tech Stocks - 19th Feb 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

The Best Reasons to Own Gold NOW!

Commodities / Gold and Silver 2013 Jul 08, 2013 - 12:04 PM GMT

By: Money_Morning

Commodities

Michael Checkan writes: Whether you own gold or have been sitting on the sidelines, you must be wondering whether now is the time to buy more or to finally get in the game.

The answer is one of refreshing clarity in these uncertain times.


1. Gold prices are now at or below production costs.
With gold falling to its current levels, we are very near gold production costs ($1,000 - $1,100 an ounce) for many mining companies around the world.

You can now buy gold at or near the price it would cost a mining company to get it out of the ground. Buy now and you buy right.

And don't be afraid of further price dips. Here's the likely scenario: Any further falls in prices will cause miners to cease production and/or stop opening new mines.

Supply will have a harder time keeping up with demand. Prices will rise and you will sell right. Buy low, sell high and protect your portfolio from rapid fluctuation in the market value for your securities.

Your overall nest egg will be healthier by including gold, because you can wait out the market uncertainty in your stock and bond holdings.

2. You can buy more ounces of gold for your money now.
The dollar is stronger. So you get more ounces of gold for your money. The printing of U.S. currency by the government has devalued our dollar and will continue to do so.

When, as now, there is a small window of strength in the dollar we want to take this rare opportunity to buy gold. Now is that time.

Don't expect that U.S. dollar strength to last long.

Since 1913, the dollar has lost 96 percent of its value to buy goods and services. Now more than ever, it is critical for everyone to own gold. We have passed beyond the slippery slope of currency debasement.

It is not a question of if, but rather when the dollar becomes the latest addition to the fiat currency graveyard.

3. Gold is now, as always, a core asset that is essential in a political, economic or personal crisis.
Gold has millennia of history as a tangible asset negotiable as payment for your everyday needs, when cash and paper investments fail you.

Look at the pathetic decline of the purchasing power of the dollar. We need to own an asset that maintains our buying power, now.

Gold, by contrast, is "wealth insurance" that will protect you and your family from an unfortunate monetary crisis, over which you have no control.

And the best part is that with prices at their lowest in years, you can buy gold for what it costs mining companies to produce it. It's like owning your own mine.

4. The only thing that has changed now is the price of gold. Not its wealth power.
Paper profits continue to disappear as we desperately try to balance our portfolios with traditional stock and bond securities.

But, asset allocation no longer works when markets are manipulated by a word or two from the White House or the Fed; and when billions reside in ETF's and funds that go up and down in tandem.

The lesson is clear: In a monetary crisis, gold is the very best insurance you can have.

This is true whether it's the gradual erosion of purchasing power, as we are seeing now with the U.S. dollar, or the sudden, catastrophic plunge of a currency due to economic, social or political unrest which has occurred many other times, in many other countries, throughout history.

Gold works. It has before. It will again. Make sure you heed this lesson of history. And make sure that you take advantage of today's price and "mine" your own gold.

Interested in something even easier for your portfolio or retirement IRA?

Visit www.asipmdirect.com, ASI Precious Metals Direct, and form an online relationship with ASI in less than 10 minutes. You can trade in seconds and place your order 24/7 to be executed during normal market opening hours. Over a dozen wholesalers will bid for your order and you will get the best price. Choose to take deliver or have your metals stored in New York City, Salt Lake City, London Singapore, Australia or Hong Kong; all from your computer, iPhone or iPad.

Never heard of online buying of gold, silver, and palladium, platinum in coins, rounds or bars? Well, ASI was the first to innovate and make it as simple as online stock trading.

Rick Rule in this Money Morning video How to Invest in Gold: Tips from an Expert on the Yellow Metal provides additional gold investing tips

Source :http://moneymorning.com/2013/07/08/the-best-reasons-to-own-gold-now/

Money Morning/The Money Map Report

©2013 Monument Street Publishing. All Rights Reserved. Protected by copyright laws of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), of content from this website, in whole or in part, is strictly prohibited without the express written permission of Monument Street Publishing. 105 West Monument Street, Baltimore MD 21201, Email: customerservice@moneymorning.com

Disclaimer: Nothing published by Money Morning should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investent advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication, or after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended by Money Morning should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.

Money Morning Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in