HSBC Predicts 10% Increase in Gold Price by End of 2015

Hong Kong and Singapore Bank (HSBC) predicts gold prices will be up 10% by the end of this year. If their predictions come to pass, the price of gold would be approximately $1225. HSBC Bank bases their prediction on the belief that commentators from Goldman Sachs are wrong to believe higher interest rates will cause gold to sell off to a lower price. I agree with HSBC.

I believe the market has been anticipating higher interest rates for the past two years and the price declines have already been mostly factored into the market. I also do not believe the fed will become aggressive with interest rate increases as some have said. Doing so will significantly harm our GDP outlook, and only add to our soaring national debt.

The price of gold is down nearly 50% from its 2011 high of just short of $2000 an ounce. Silver has experienced an almost […]

By |August 21st, 2015|Categories: Invest in Gold, Invest in Silver|

One of the Rarest Saints in Existence – 1927-S $20 NGC MS64

A couple of otherworldly dates exist in the Saint Gauden’s double eagle series that are classified as virtually uncollectible. The 1933 is certainly one, while the 1927-D is another.  Both of these coins sell for seven figures!

While the 1927-S doesn’t share the same stage as the 1927-D or 1933, it is popular and important for its close association with the 1927-D, which last sold for $1.8 Million! The 1927-S is incredibly rare, but instead of being available to only the top 0.001% of collectors like the 1927-D, it is available to the top 1%.

Few were saved from the annals of the Great Depression, the Gold Confiscation Order of 1933 and other mass meltdowns.

Decades ago it was appreciated as the fourth rarest date of the entire series, an allure that has not faded with time.

An MS64 hasn’t been made available openly in more than three years. All MS65’s are worth six-figure sums, […]

By |August 4th, 2015|Categories: Double Eagles $20.00|

Don’t Get Caught Bottom Fishing

When will the FED raise interest rates? That is the question that dominates investment speculation. Despite not knowing when, hints from investment analysts and FED meeting quotes both point to the fact that the FED will increase interest rates. When that occurs, it will be bearish for the precious metals.

I’d like to point out that metals have already been trading lower in anticipation of a FED move. Because brokers always act in anticipation of market altering events, they have driven the price of gold and silver down to 5 year lows.

Some investors are now at risk for what I refer to as bottom fishing. This occurs when an investor is so bearish towards precious metals, he waits to buy trying to catch the absolute bottom of the market. Unfortunately, what usually happens is the investors waits to long, never buys and misses the whole move in the market. Now that […]

By |July 27th, 2015|Categories: Invest in Gold, Invest in Silver|

Gold Charts Show Now Is the Time to Buy

The above chart shows you what commodity brokers are looking at in the gold market. When the down channel resistance line (red) is breeched we will be in a 3rd leg of a long term bullish market.

IF we get to the long term support line (green), we will have the best buying opportunity in the past 15 years.

You will notice in the chart that we have a “Flag Pattern”, like an old baseball team pennant, that only gets tighter as time passes. This pattern makes traders look for “higher” lows, which lowers the eventual break out point. This will change a long-term bear cycle into a new, long-term bull market cycle. The initial breakout point could become very volatile and would make bottom fishers chase a “baby bull”.

Either way it goes, cost averaging down is the only sensible strategy to protect one’s wealth against a fiat currency collapse.

I have been […]

By |July 20th, 2015|Categories: Invest in Gold, Invest in Silver|

Stay Alert!! Pay attention to world economic situations

The meltdown of the Chinese stock market and the Greek debt default and possible Greek Euro exit made last week quite interesting. In addition, the U.S. Mint sales of both gold and silver soared. The mint announced sales of Gold Eagle increased from 21,500 oz. in May to 76,000 oz. in June.

At the same time, just last week, the demand for U.S. mint silver eagles was so brisk the Mint announced the sale of silver eagles would be suspended for 2 weeks. This is a prime example of the demand that will most likely occur in the future with anticipated further economic disasters, due to fiat currencies being the only means of debt relief.

While the Greek government has apparently been able to get a possible bailout package form the ECB (European Central Bank) this week, it is highly unlikely this is the solution that will forestall any future problems. The […]

By |July 14th, 2015|Categories: Invest in Gold, Invest in Silver|