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Gold hit a major milestone this week, finally breaking above the key resistance of $1,750. This could be huge for the precious metal, as many see the possibility of gold taking off from here.
And while we wait to see what happens, the real price of gold might already be much higher than the current spot levels. Let’s take a look at our top three stories from this week:
3. The real price of gold is already at $2,100, says former U.S. Mint director Ed Moy. He explained that the true price of gold is what people are willing to pay for the physical metal, including the extraordinary premiums investors are faced with. https://www.kitco.com/news/2021-04-13/The-real-price-of-gold-is-at-2-100-here-s-why-former-U-S-Mint-director.html
2. Coinbase goes public. The gold versus bitcoin debate is heating up as the largest U.S. crypto exchange had its IPO this week. And bitcoin responded by hitting a new record high of nearly $65,000. https://www.kitco.com/news/2021-04-14/Coinbase-goes-public-Bitcoin-hits-new-record-highs-gold-price-fails-at-1-750.html
Crypto and gold experts said that this gives more legitimacy for bitcoin, which is already being considered as part of mainstream finance.
1. Grayscale is about to surpass world’s largest commodity ETF. https://www.kitco.com/news/2021-04-15/GLD-vs-GBTC-Grayscale-Bitcoin-Trust-to-surpass-world-s-largest-commodity-ETF.html
Grayscale just topped $50 billion in assets under management, which puts it right behind the popular ETF SPDR Gold Trust (NYSE: GLD), which has just over $57 billion.
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Kitco Silver – Learn the Number ONE Mistake in Silver Investing
Kitco Silver is a great tool for silver investing, but most investors are leaving a TON of money on the table. Discover how you can invest in silver, Risk Free!Gold and Silver Are Volatile – Do Not Invest
Gold and silver are volatile and you would be risking your money if you were investing in them and thus – do not invest. Unless, you are even a slight student of the GFC. With even a slight knowledge of the causes of the financial crisis, you could turn the volume down on those assertions that gold and silver are volatile to a level near zero.To Buy Gold – What Are The Factors Involved?
In order to purchase gold, you may seek advice from a gold company, to be able to buy a particular amount of gold. It all depends on how much money you have available to invest.Can Gold And Silver Protect The Middle Class From Extinction?
The average family who has worked hard to raise their children, educate them and saved to retire comfortably is in for a terrible surprise. Their investments will not enable them to survive as the dollar investments become worth less and less. Even if the dollar survives, which it won’t, the constant money printing by the Federal Reserve will make its purchasing power so small no middle class family can save enough. What to do?The Details Involved When You Choose to Buy Gold
People may purchase gold due to the fact that they fear the results of inflation and catastrophic share price declines which normally happen in times of war an political uncertainty. They buy it because it is more than likely to maintain its value.Eternal Silver
The allure of the precious metal that investors and collectors treasure has been with us since ancient times. Silver vases and silver ornaments have been unearthed at Troy, where ancient Grecian armies sacrificed their lives over one man’s passion for a lovely woman. Over three thousand years ago Pharaohs of the 19th Egyptian Dynasty even treasured silver as the substance of which the bones of Gods were composed.“We Buy Gold” Companies Are Stealing Money From Your Pocket, And Smiling About It
There are tons of ways to save for a rainy day. This article isn’t going to serve as your financial advisor of course, but some of these ways include: Ordinary passbook savings, Investing in real estate.Reasons Why You Should Be Investing in Gold
Gold investing is very lucrative in times of uncertainty and it provides a great store on value and a means of protection against inflation. The gold price performance has a history as far back as the general stock market.The Best Ways to Start Investing in Silver
Investing in silver can be a very profitable or it can be a very costly learning experience. I have invested in silver for the past 10 years and grew concerned over the commercials I am now seeing, “buy silver now!” I have called a few of those companies to hear what advice they had and it wasn’t good.The Gold Rush Too Early Or Too Late To Buy?
Investors tend to flock to gold when there is instability in the global stock or currency markets. The reason for this is gold is viewed as a safe haven or a hedge for stocks or currencies. Therefore, if you’re using gold in your portfolio to hedge against any downside risk then that could be a good decision. Pinpointing the exact time when a peak in the price will turn into a valley is pretty much impossible; no one has a crystal ball, but one must be aware and prepare for the eventuality of falling gold prices.